Apple CEO Tim Prepare dinner’s whole compensation was $99.4 million in 2022, in keeping with the corporate’s proxy assertion launched in the present day. His compensation included a $3 million wage, roughly $83 million in inventory awards, and $13.4 million in different types of compensation. Prepare dinner’s whole compensation in 2021 was $98.7 million.

tim cook macbook pro
Prepare dinner can be taking a considerable pay minimize in 2023, as famous by Bloomberg‘s Mark Gurman. Based mostly on shareholder suggestions and Prepare dinner’s suggestion to regulate his compensation in gentle of the suggestions, the submitting signifies that his goal compensation for 2023 can be $49 million, which is over 40% lower than his goal compensation in 2022.

Regardless of the pay minimize, Apple’s Compensation Committee stated the corporate had “distinctive efficiency” in 2022 below the management of Prepare dinner, who has served as CEO since 2011. The proxy assertion signifies that the proportion of performance-based RSUs granted to Prepare dinner was elevated from 50% to 75% of his 2023 goal fairness award.

Forward of Apple’s annual shareholders assembly on March 10, Prepare dinner shared a message to shareholders reflecting on the previous yr, with an excerpt under:

The worldwide challenges with us all in the present day — from inflation, to struggle in Japanese Europe, to the enduring impacts of the pandemic — make this a time for deliberate and considerate motion. However it’s not a time to retreat from the longer term. We’ve at all times run Apple for the long-term, and meaning persevering with to spend money on innovation, in individuals, and within the constructive distinction we will make on the planet.

At this time, we’ve got the strongest lineup of services we’ve ever had, and our know-how has by no means proven up for our customers in additional methods. And our newest improvements are serving to so many people harness our creativity, join with family members, discover leisure and pleasure, and stay safer, more healthy lives.

The total letter may be discovered on web page six of the proxy assertion linked above.

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