Apple CEO Tim Cook reportedly received a big $98million payout in 2021, while also gaining access to $754million in company shares.
Cook, 61, who is worth $1.5billion, enjoyed the luxurious earnings during the 2021 fiscal year, which ended in September, according to SEC filings.
He also now has access to $754million in company shares that vested in August from an old grant, although it is unclear if he has chosen to sell any of that stock. Cook additionally sits on shares worth $37.5million in the company that will vest annually over three years starting in 2023.
His earnings rose after Apple had a stellar year – the company earned $365million in sales and had a 33 percent growth in revenue.
Among the $98million Cook earned in the 2021 fiscal year, $3million of it was his annual salary and he earned another $12million in bonuses for hitting Apple’s financial and environmental sustainability goals.
He also received a large compensation of $1.39million that including: personal air travel, security, 401(k), and life insurance, and vacation payout.