Tim Cook to Receive Stock Bonus Worth $96,000,000

According to the Wall Street Journal, Apple’s chief executive Tim Cook will soon be rewarded over $96,000,000 when portions of his restricted stock unit bonuses vest in the first quarter of 2012.

Mr. Cook has portions of two restricted-stock-unit grants—including one he received for filling in for Steve Jobs when the co-founder was on medical leave—vesting in the first quarter. As of Apple’s closing stock price on Dec 30, those vesting shares of Mr. Cook’s were worth $96.2 million, according to the study.

Last August, Cook was awarded with 1,000,000 Apple shares as a bonus for filling in as CEO during the absence of Steve Jobs. Although these stocks are restricted for the next ten years, they are currently trading for over $415,000,000. Talk about a “signing bonus.”

[Wall Street Journal]

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