Apple’s CEO transition takes effect as John Ternus runs the company while Tim Cook moves to executive chairman. Multiple outlets report that Apple discloses new pay targets for both roles in regulatory materials tied to the transition.
According to Bloomberg and related coverage summarized by MacRumors and AppleInsider, Apple sets Ternus’s fiscal 2027 compensation target at about $58 million, including a $3 million salary and equity awards with a target value of roughly $55 million. The structure includes time-based equity and performance-based equity tied to Apple’s total shareholder return relative to a peer group.
For Cook, outlets report a pay target of about $47 million in fiscal 2027 as executive chairman, including a $2 million salary and equity awards with a target value of roughly $45 million. The equity mix is also described as partly time-based and partly performance-based. Hollywood Reporter frames the overall outcome as Cook receiving $47 million annually while Ternus takes about $58 million, and AppleInsider notes Cook’s prior higher compensation level during earlier years.
