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
- AppleInsider's official podcast kicks off with analysis of the week's top Apple stories
- Apple, Google & Amazon settle with Italian government over 'misleading' free apps with in-app purchases
- As Apple nears $200B in cash, U.S. Senators once again propose a repatriation tax break
- Apple tops Louis Vuitton, Gucci as the gift of choice among China's wealthy
- FCC says broadband-class connections must offer at least 25Mbps download speeds