apple executives receive over $30m each in vested stock bonus
Wednesday, October 03, 2018, 04 PT. Members of Apple's on Monday reaped batch of vested restricted stock units worth more than $30 million, bonus for exceeding board-mandated performance metrics... Securities and Exchange Commission filings made public on Wednesday, retail Angela Ahrendts, CFO Luca Maestri and COO Jeff Williams each saw 130,528 RSUs convert into Apple stock. The bonus, meted out on yearly basis, is derived from number of RSUs scheduled to vest based on Apple's shareholder return relative to other companies in S&P 500. This week's award accounted for TSR between Sept 27, 2015 and Sept 29, 2017.. TSR is calculated based on AAPL share price during the period. At the start date in 2015, Apple stock was valued at $113.15, while the ending value as of Sept 29 was calculated to be $234.62, adjusting for dividends. The figures peg Apple's TSR at 107.36 percent for the observed period.. In comparison to other companies in S&P 500, Apple's performance ranked 51 out of 454 firms, putting it in the 89th percentile.. As with past awards, the bonus structure allows for between 0 and 200 percent of the number of RSUs to vest, depending on performance. Read more
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