Apple’s CEO Receives Over 5 Million Shares of Apple Stock

According to an SEC filing posted by tech giant Apple, the company’s chief executive has received over 5 million shares of Apple stock valued at $750 million.

The CEO received the largest amount of stock he was eligible for under the 2011 agreement, which depended on how Apple’s stock performed compared to other companies in the S&P 500.

The tranche of stock is the final part of the compensation package that Cook received when he took over as CEO of Apple about a decade ago.

In 2020 he got a new compensation package that runs through 2026. The majority of Cook’s compensation is in the form of restricted stock units.

Since Cook became CEO in 2011, Apple stock has risen more than 1,200%.

According to another SEC filing, Cook had donated nearly $10 million worth of Apple shares to an unnamed charity earlier this week.

The CEO had previously said he would donate his entire fortune to charity.

In recent news, Apple has acquired a classical music streaming service known as Primephonic, the company announced in a release Monday.

The acquisition adds to the company’s growing library of more than 75 million songs available to Apple Music customers.

In a letter posted Monday to its website, Primephonic said that the acquisition will help it serve more classical music listeners worldwide.

“As a classical-only startup, we can not reach the majority of global classical listeners, especially those that listen to many other music genres as well,” the company said. “We therefore concluded that in order to achieve our mission, we need to partner with a leading streaming service that encompasses all music genres and also shares our love for classical music.”

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.