Apple’s Salary Committee included the Say on Pay voting results as well as Tim Cook’s personal decision “to alter his compensation in light of comments received” in determining this year’s pay packages. Cook’s projected compensation for 2023 is $49 million, a $35 million decrease from his target income for 2022. His basic salary stays at $3 million, and his yearly cash incentive continues at $6 million, but the amount of his stock reward has decreased from $75 million in 2022 to $40 million this year. Furthermore, he was given an equity award that is 75 per cent performance and 25 per cent time-based vesting, rather than 50-50 as in 2022.
Image Source - Twitter
