Apple's corporate controller Luca Maestri granted restricted stock worth nearly $16M
A 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.
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.