Apple has disclosed compensation targets for CEO John Ternus and for Tim Cook, who steps aside from the chief executive role and becomes executive chairman. Multiple outlets report that Apple’s regulatory filings show Ternus receiving a package worth about $58 million for fiscal 2027, alongside details of Cook’s compensation in his new position.
Across coverage, the reported structure is similar: Ternus is described as receiving a $3 million annual base salary and stock awards with a target value around $55 million, with part of the equity tied to time-based vesting and another portion tied to Apple’s total shareholder return relative to peers. For Cook, sources describe a reduced package compared with his prior CEO pay, with an annual salary around $2 million and a stock award target around $45 million. At least one outlet also notes that Cook was paid more in earlier periods, while other reports focus specifically on the post-transition fiscal 2027 figures.
Some differences appear in the exact dollar figures and timing of prorated awards (for example, references to fiscal 2026 prorated grants versus fiscal 2027 targets), and one report uses a rupee conversion figure. Another outlet adds perspective by noting that Apple’s pay package could result in Cook earning more than Ternus under certain future circumstances tied to equity outcomes.
