Apple grants CEO Tim Cook first major stock package since 2011

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If Apple continues to perform well, Cook will receive 1,001,961 shares of Apple by 2025. YahooFinance

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- Apple Inc on Tuesday granted CEO Tim Cook 333,987 restricted stock units, with a possibility to earn as many as 667,974 more if he hits performance targets, in the executive's first stock grant since 2011.

"For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward.” Apple's stock closed at $114.09 on Tuesday, which puts the value of the units at $38.1 million at Tuesday's price. But they will be more valuable if Apple's stock price rises by the time they vest. One-third of the units will vest on April 1, 2023 with another third vesting in 2024 and the final third in 2025.

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