Friday, April 26, 2013, 05:34 pm PT (08:34 pm ET)
Apple's corporate controller Luca Maestri granted restricted stock worth nearly $16MA filing with the U.S. Securities and Exchange Commission on Friday reveals Luca Maestri, Apple's recently hired corporate controller, received over 38,000 restricted stock units which, at today's AAPL share prices, are worth almost $16 million.
Apple corporate controller Maestri Luca.
According to the filing, Luca was awarded 38,091 RSUs earlier in early March, with shares vesting in semi-annual installments over a period of four years. Currently, the RSUs are worth $15.9 million, though that figure is likely to change upon vesting, as Apple stock is subject to major swings in price.
As is the case with many Apple executives, the company grants an allotment of RSUs which vest in increments, incentivizing continued high performance.
Luca joined Apple in February after working leaving his position as chief financial officer at Xerox. The executive answers to Apple CFO Peter Oppenheimer, who himself served as corporate controller in 1996.
On Topic: General
- Apple to give $20K in college scholarships as part of diversity initiative
- With Apple's 'iWatch' around the corner, Wellograph releases sapphire smartwatch
- Apple says iCloud is safe and secure, stolen celebrity pics were targeted accounts
- Exclusive new aerial videos show Apple's 'spaceship' Campus 2 taking shape
- Review: Razer's Kraken Pro analog gaming headset