Apple told the SEC that John Ternus’ fiscal‑2027 compensation package is valued at about $58m; Tim Cook’s package as executive chairman is about $47m. The filing, submitted on Ternus’ first day in the role, shows Ternus’ annual base salary at $3m and a target stock award of $55m for 2027. In 2026 he will receive pro‑rata RSUs worth roughly $2.5m. Seventy‑five percent of Ternus’ stock award is tied to Apple’s performance versus S&P 500 constituent companies; the remaining 25% are time‑based units

Apple told the SEC that John Ternus’ fiscal‑2027 compensation package is valued at about $58m; Tim Cook’s package as executive chairman is about $47m. The filing, submitted on Ternus’ first day in the role, shows Ternus’ annual base salary at $3m and a target stock award of $55m for 2027. In 2026 he will receive pro‑rata RSUs worth roughly $2.5m. Seventy‑five percent of Ternus’ stock award is tied to Apple’s performance versus S&P 500 constituent companies; the remaining 25% are time‑based units that vest semiannually. Cook’s base salary will fall from $3m to $2m and his 2027 target equity award is $45m, with only half of his award performance‑tied to S&P 500 relative performance.