Daniel Eran DilgerAt today's closing stock valuation, one million shares of Apple would be worth $383.6 million.
However, the restricted stock units Apple's board voted to awarded Cook won't begin to vest until August 2016, when half of the award will convert into shares or a cash equivalent, depending upon how the award is set up.
The second half of Cook's million restricted stock units vest in August 2021. Both vesting dates are contingent upon his "continued employment with Apple through each such date," according to Apple's 8K filing with the SEC.
A variety of analysts have already set Apple's stock targets as high as $500, and in ten years, Apple's stock price could easily make Cook's award worth considerably more than half a billion dollars.
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66 Comments
Cook's aware worth considerably more than half a billion dollars.
It wouldn't be a DED article without a typo. Some things never change.
Tim Cook will only stay as long as he enjoys what he does. Let's hope he stays. He is amazing.
I know it's a celebrity rag, but TMZ just posted a picture of a VERY frail Steve Jobs. I won't post the image here, but here's the link:
http://www.tmz.com/2011/08/26/steve-...k#.TlgUOnMlb-Q
So sad to see him this way
Tim has some big shoes to fill
Tim would stay at Apple even if he's only paid $1/yr.
He frickin loves Apple.
I know it's a celebrity rag, but TMZ just posted a picture of a VERY frail Steve Jobs.
I don't think we need these images here, thanks - Mod
So much for the speculation of him still being actively involved in Apple. He looks like he doesn't have much time left. Very sad.