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Here’s how much Apple is paying John Ternus as CEO, Tim Cook as executive chairman
In a new regulatory filing today, Apple revealed that new CEO John Ternus is receiving a pay package with $58 million in salary and target stock awards. The company also shared details on Tim Cook’s lucrative new deal as Apple’s executive chairman.
The numbers were disclosed in a filing with the Securities and Exchange Commission today. Ternus’s $58 million pay package includes two components:
The performance shares depend on Apple’s total shareholder return compared with other S&P 500 companies. The time-based shares vest 12.5% every six months over four years.
For 2026, Ternus is also receiving prorated stock awards with a $2.5 million target value, covering the portion of fiscal 2026 he serves as CEO.
While Apple did not disclose Ternus’s previous salary in his role as senior vice president of hardware engineering, Bloomberg reports “that management level typically gets paid about $25 million annually when including stock, salary and bonuses.”
Meanwhile, Tim Cook is receiving a pay package with a $47 million target value for fiscal 2027. This includes:
For fiscal 2025, Cook’s total pay package as CEO was $74,294,811. That number, however, includes things not factored into today’s SEC filing. Those include non-equity incentive plan compensation, retirement plans, vacation days, personal security expenses, and more. Cook’s salary and stock awards totaled roughly $60.5 million for 2025.
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