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Apple amends CEO transition filing to disclose John Ternus, Tim Cook pay packages

PUBT·09/01/2026 20:31:41
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Apple amends CEO transition filing to disclose John Ternus, Tim Cook pay packages
  • Apple amended an April 20, 2026 CEO transition 8-K to add compensation terms tied to John Ternus becoming CEO on Sept. 1, 2026.
  • Ternus salary reset to USD 3 million; prorated fiscal 2026 RSU target value USD 2.5 million; fiscal 2027 equity target USD 55 million.
  • Fiscal 2027 equity mix set at 75% performance-based RSUs linked to S&P 500 relative TSR; 25% time-based RSUs vesting over four years.
  • Filing also disclosed Tim Cook’s pay package as incoming executive chair, effective Sept. 26, 2026.
  • Cook salary set at USD 2 million; fiscal 2027 equity target USD 45 million split 50% performance-based RSUs, 50% time-based RSUs.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apple Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-035325), on September 01, 2026, and is solely responsible for the information contained therein.