Apple Executive Salaries

<p>Tim Cook is stepping down as CEO of Apple after 15 years at the end of the month&period; Cook earned over &dollar;200 million in salary and Apple stock over the past three years&period;<&sol;p>&NewLine;<p>John Ternus&comma; Senior Vice President of Hardware Engineering&comma; will take over as CEO of Apple while Cook remains Chairman of the company&period;<&sol;p>&NewLine;<p>Here are salaries of top Apple executives according to proxy filings filed with the Securities and Exchange Commission&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><b>Apple Executive Compensation for 2023-2025<&sol;b><&sol;p>&NewLine;<p>The following table shows information regarding the total compensation of each named executive officer for 2025&comma; 2024&comma; and 2023&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<table cellspacing&equals;"1" cellpadding&equals;"0" border&equals;"1">&NewLine;<tbody>&NewLine;<tr>&NewLine;<td><b>Name and Principal Position<&sol;b><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><b>Year<&sol;b><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><b>Salary<&sol;b><br &sol;>&NewLine;<b>&lpar;&dollar;&rpar;<&sol;b><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><b>Stock Awards<sup>&lpar;1&rpar;<&sol;sup><&sol;b><br &sol;>&NewLine;<b>&lpar;&dollar;&rpar;<&sol;b><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><b>Non-Equity Incentive<&sol;b><br &sol;>&NewLine;<b>Plan Compensation<sup>&lpar;2&rpar;<&sol;sup><&sol;b><br &sol;>&NewLine;<b>&lpar;&dollar;&rpar;<&sol;b><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><b>All Other<&sol;b><br &sol;>&NewLine;<b>Compensation<&sol;b><br &sol;>&NewLine;<b>&lpar;&dollar;&rpar;<&sol;b><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><b>Total<&sol;b><br &sol;>&NewLine;<b>&lpar;&dollar;&rpar;<&sol;b><&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td rowspan&equals;"3"><b>Tim Cook<&sol;b><br &sol;>&NewLine;Chief Executive Officer<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>2025<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>3&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>57&comma;535&comma;293<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>12&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;759&comma;518<&sol;td>&NewLine;<td><sup>&lpar;3&rpar;&lpar;4&rpar;<&sol;sup><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>74&comma;294&comma;811<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2024<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>3&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>58&comma;088&comma;946<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>12&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;520&comma;856<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>74&comma;609&comma;802<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2023<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>3&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>46&comma;970&comma;283<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>10&comma;713&comma;450<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>2&comma;526&comma;112<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>63&comma;209&comma;845<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><b>Kevan Parekh<&sol;b><br &sol;>&NewLine;Senior Vice President&comma; Chief Financial Officer<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>2025<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>891&comma;519<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>18&comma;433&comma;135<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>3&comma;120&comma;317<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;338<&sol;td>&NewLine;<td><sup>&lpar;4&rpar;&lpar;5&rpar;<&sol;sup><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;467&comma;309<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td rowspan&equals;"3"><b>Kate Adams<&sol;b><br &sol;>&NewLine;Senior Vice President&comma; General Counsel and Secretary<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>2025<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;009&comma;766<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>4&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;482<&sol;td>&NewLine;<td><sup>&lpar;4&rpar;&lpar;6&rpar;<&sol;sup><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>27&comma;032&comma;248<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2024<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;157&comma;075<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>4&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;182<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>27&comma;179&comma;257<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2023<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;323&comma;641<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>3&comma;571&comma;150<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>46&comma;914<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>26&comma;941&comma;705<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><b>Sabih Khan<&sol;b><br &sol;>&NewLine;Senior Vice President&comma; Chief Operating Officer<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>2025<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;009&comma;766<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>4&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>21&comma;905<&sol;td>&NewLine;<td><sup>&lpar;4&rpar;&lpar;7&rpar;<&sol;sup><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>27&comma;031&comma;671<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td rowspan&equals;"3"><b>Luca Maestri<&sol;b><br &sol;>&NewLine;Former Senior Vice President&comma; Chief Financial Officer<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>2025<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>819&comma;231<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>13&comma;003&comma;031<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;638&comma;462<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;204<&sol;td>&NewLine;<td><sup>&lpar;4&rpar;&lpar;8&rpar;<&sol;sup><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>15&comma;482&comma;928<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2024<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;157&comma;075<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>4&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;182<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>27&comma;179&comma;257<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2023<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;323&comma;641<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>3&comma;571&comma;150<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>41&comma;092<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>26&comma;935&comma;883<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td rowspan&equals;"3"><b>Deirdre O’Brien<&sol;b><br &sol;>&NewLine;Senior Vice President&comma; Retail &plus; People<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>2025<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;009&comma;766<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>4&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>37&comma;867<&sol;td>&NewLine;<td><sup>&lpar;4&rpar;&lpar;9&rpar;<&sol;sup><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>27&comma;047&comma;633<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2024<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;157&comma;075<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>4&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;182<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>27&comma;179&comma;257<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td><&sol;td>&NewLine;<td>2023<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>1&comma;000&comma;000<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>22&comma;323&comma;641<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>3&comma;571&comma;150<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>42&comma;219<&sol;td>&NewLine;<td><&sol;td>&NewLine;<td><&sol;td>&NewLine;<td>26&comma;937&comma;010<&sol;td>&NewLine;<&sol;tr>&NewLine;<&sol;tbody>&NewLine;<&sol;table>&NewLine;<table cellspacing&equals;"0" border &equals; "1" cellpadding&equals;"0">&NewLine;<tbody>&NewLine;<tr>&NewLine;<td>&lpar;1&rpar;<&sol;td>&NewLine;<td>The target grant value of Mr&period; Cook’s long-term equity award was &dollar;50 million for 2025 and 2024&comma; and &dollar;40 million for 2023&period; The target grant value of the long-term equity awards for Ms&period; Adams&comma; Mr&period; Khan&comma; and Ms&period; O’Brien was &dollar;20 million for each of 2025&comma; 2024&comma; and 2023&period; The target grant value of Mr&period; Parekh’s long-term equity awards was &dollar;16&period;75 million and the target grant value of Mr&period; Maestri’s long-term equity awards was &dollar;12&period;5 million for 2025&period; This column shows the grant date fair value for accounting purposes of the long-term equity awards granted to our named executive officers&period; The grant date fair value for time-based RSUs is measured in accordance with FASB ASC 718 and based on the closing price of Apple’s common stock on the date of grant&period; <&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;2&rpar;<&sol;td>&NewLine;<td>As described under &OpenCurlyDoubleQuote;Executive Compensation—Compensation Discussion and Analysis&comma;” the named executive officers’ Cash Incentive Plan awards are based on the performance of Apple relative to predetermined financial goals for the year&period; The threshold&comma; target&comma; and maximum payout amounts for each named executive officer’s Cash Incentive Plan payout opportunity for 2025 are shown in the table entitled &OpenCurlyDoubleQuote;Grants of Plan-Based Awards—2025&period;” In 2025&comma; Apple’s performance exceeded the maximum performance goals for both net sales and operating income&comma; resulting in a maximum payout for each named executive officer&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;3&rpar;<&sol;td>&NewLine;<td>This amount represents&colon; &lpar;i&rpar; Apple’s contributions to Mr&period; Cook’s account under the 401&lpar;k&rpar; plan in the amount of &dollar;21&comma;000&semi; &lpar;ii&rpar; term life insurance premiums paid by Apple in the amount of &dollar;2&comma;964&semi; &lpar;iii&rpar; vacation cash-out in the amount of &dollar;57&comma;692&semi; &lpar;iv&rpar; security expenses in the amount of &dollar;887&comma;870 which represents the incremental cost to Apple for personal security services provided to Mr&period; Cook as determined by allocating both direct costs and a percentage of fixed costs incurred by Apple and used to provide such personal security services&semi; and &lpar;v&rpar; personal air travel expenses in the amount of &dollar;789&comma;991&comma; which represent the incremental cost to Apple for Mr&period; Cook’s personal use of private aircraft based on hourly flight charges and other variable costs incurred by Apple for such use&comma; including variable fuel charges&comma; departure fees&comma; and landing fees&period; For security and efficiency reasons&comma; the Board requires Mr&period; Cook to use private aircraft for all business and personal travel&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;4&rpar;<&sol;td>&NewLine;<td>As noted in the &OpenCurlyDoubleQuote;Other Compensation and Benefits” section of the CD&amp&semi;A&comma; certain benefits included in this column as &OpenCurlyDoubleQuote;All Other Compensation&comma;” including matching contributions under the 401&lpar;k&rpar; plan&comma; term life insurance&comma; and vacation cash-out&comma; are available to all U&period;S&period; employees of Apple on the same terms&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;5&rpar;<&sol;td>&NewLine;<td>This amount represents &lpar;i&rpar; Apple’s contributions to Mr&period; Parekh’s account under the 401&lpar;k&rpar; plan in the amount of &dollar;21&comma;000&semi; and &lpar;ii&rpar; term life insurance premiums paid by Apple in the amount of &dollar;1&comma;338&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;6&rpar;<&sol;td>&NewLine;<td>This amount represents&colon; &lpar;i&rpar; Apple’s contributions to Ms&period; Adams’ account under the 401&lpar;k&rpar; plan in the amount of &dollar;21&comma;000&semi; and &lpar;ii&rpar; term life insurance premiums paid by Apple in the amount of &dollar;1&comma;482&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;7&rpar;<&sol;td>&NewLine;<td>This amount represents&colon; &lpar;i&rpar; Apple’s contributions to Mr&period; Khan’s account under the 401&lpar;k&rpar; plan in the amount of &dollar;20&comma;423&semi; and &lpar;ii&rpar; term life insurance premiums paid by Apple in the amount of &dollar;1&comma;482&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;8&rpar;<&sol;td>&NewLine;<td>This amount represents&colon; &lpar;i&rpar; Apple’s contributions to Mr&period; Maestri’s account under the 401&lpar;k&rpar; plan in the amount of &dollar;21&comma;000&semi; and &lpar;ii&rpar; term life insurance premiums paid by Apple in the amount of &dollar;1&comma;204&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td>&lpar;9&rpar;<&sol;td>&NewLine;<td>This amount represents&colon; &lpar;i&rpar; Apple’s contributions to Ms&period; O’Brien’s account under the 401&lpar;k&rpar; plan in the amount of &dollar;21&comma;000&semi; &lpar;ii&rpar; term life insurance premiums paid by Apple in the amount of &dollar;1&comma;482&semi; and &lpar;iii&rpar; vacation cash-out in the amount of &dollar;15&comma;385&period;<&sol;td>&NewLine;<&sol;tr>&NewLine;<&sol;tbody>&NewLine;<&sol;table>&NewLine;

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