fbpx
  • About
  • Advertise
  • Contact
Somthing2Know
  • Home
  • News
    • All
    • Business
    • Education
    • Politics
    • World
    774,000 jobs will kick off on Tuesday, says Keyamo

    774,000 jobs will kick off on Tuesday, says Keyamo

    N-Power: Buhari orders increase of beneficiaries from 500,000 to 1m

    ‘FG Committed To Five #EndSARS Demands’: Buhari Woos Youths In New Year Speech

    World must be ready for the next pandemic – UN

    World must be ready for the next pandemic – UN

    Petrol to sell for N162.44 per litre as from December 14

    Petrol to sell for N162.44 per litre as from December 14

    Apple launches $549 new AirPods Max to boost holiday sales; delivery times face delays

    Apple launches $549 new AirPods Max to boost holiday sales; delivery times face delays

    Peter Obi proffers solution to endemic corruption

    Peter Obi proffers solution to endemic corruption

  • Politics
  • Sports
    Ronaldo Hoping To Play For ‘Many Years’ More

    Ronaldo Hoping To Play For ‘Many Years’ More

    Ronaldo’s sister posts picture of Messi worshipping Juventus star after his two goals against Barcelona

    Ronaldo’s sister posts picture of Messi worshipping Juventus star after his two goals against Barcelona

    Cristiano Ronaldo wins 2020 Golden Foot Award

    Cristiano Ronaldo wins 2020 Golden Foot Award

    Barcelona suffering worst run of form since 1987

    Barcelona suffering worst run of form since 1987

    WAFU U20: Cote d’Ivoire force Flying Eagles to 1-1 draw

    WAFU U20: Cote d’Ivoire force Flying Eagles to 1-1 draw

    Alex Iwobi starts for Everton against Burnley

    Alex Iwobi starts for Everton against Burnley

    My unbeaten Arsenal record means nothing —Mourinho

    My unbeaten Arsenal record means nothing —Mourinho

    Newcastle United target Fikayo Tomori loan move

    Newcastle United target Fikayo Tomori loan move

    Nigerian forward Junior Ajayi wins 2020 CAF Champions League title with Al Ahly

    Nigerian forward Junior Ajayi wins 2020 CAF Champions League title with Al Ahly

  • Entertainment
    • All
    • Movie
    • Music
    Wizkid Looked Unconcerned While Burna Boy And Davido Fought At Twist Night Club (Video)

    Wizkid Looked Unconcerned While Burna Boy And Davido Fought At Twist Night Club (Video)

    Teni: How i compose my songs

    Teni: How i compose my songs

    My wife, family planning to poison me over properties – Duncan Mighty

    My wife, family planning to poison me over properties – Duncan Mighty

    Why I rejected Ned Nwoko – BBNaija star, Princess

    Why I rejected Ned Nwoko – BBNaija star, Princess

    PHOTOS: See record breaking baby that is ’27 years old’ and just 18 months younger than her mum

    PHOTOS: See record breaking baby that is ’27 years old’ and just 18 months younger than her mum

    Tope Alabi’s daughter attacked after denouncing dad…declares love for step-dad

    Tope Alabi’s daughter attacked after denouncing dad…declares love for step-dad

  • Tech
    • All
    • Apps
    • Gadget
    Software Creator McAfee Arrested In Spain, Awaiting Extradition To US

    Software Creator McAfee Arrested In Spain, Awaiting Extradition To US

    Google launches Chromecast with Google TV

    Google launches Chromecast with Google TV

    Apple grants CEO Tim Cook first major stock package since 2011

    Apple grants CEO Tim Cook first major stock package since 2011

    Apple preparing 75 million 5G iPhones for later this year: Bloomberg

    Apple preparing 75 million 5G iPhones for later this year: Bloomberg

    Why Nigeria should embrace 5G network – Experts

    Why Nigeria should embrace 5G network – Experts

    Facebook says Apple ad-blocking settings could halve revenue

    Facebook says Apple ad-blocking settings could halve revenue

  • Business
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Education
    • Politics
    • World
    774,000 jobs will kick off on Tuesday, says Keyamo

    774,000 jobs will kick off on Tuesday, says Keyamo

    N-Power: Buhari orders increase of beneficiaries from 500,000 to 1m

    ‘FG Committed To Five #EndSARS Demands’: Buhari Woos Youths In New Year Speech

    World must be ready for the next pandemic – UN

    World must be ready for the next pandemic – UN

    Petrol to sell for N162.44 per litre as from December 14

    Petrol to sell for N162.44 per litre as from December 14

    Apple launches $549 new AirPods Max to boost holiday sales; delivery times face delays

    Apple launches $549 new AirPods Max to boost holiday sales; delivery times face delays

    Peter Obi proffers solution to endemic corruption

    Peter Obi proffers solution to endemic corruption

  • Politics
  • Sports
    Ronaldo Hoping To Play For ‘Many Years’ More

    Ronaldo Hoping To Play For ‘Many Years’ More

    Ronaldo’s sister posts picture of Messi worshipping Juventus star after his two goals against Barcelona

    Ronaldo’s sister posts picture of Messi worshipping Juventus star after his two goals against Barcelona

    Cristiano Ronaldo wins 2020 Golden Foot Award

    Cristiano Ronaldo wins 2020 Golden Foot Award

    Barcelona suffering worst run of form since 1987

    Barcelona suffering worst run of form since 1987

    WAFU U20: Cote d’Ivoire force Flying Eagles to 1-1 draw

    WAFU U20: Cote d’Ivoire force Flying Eagles to 1-1 draw

    Alex Iwobi starts for Everton against Burnley

    Alex Iwobi starts for Everton against Burnley

    My unbeaten Arsenal record means nothing —Mourinho

    My unbeaten Arsenal record means nothing —Mourinho

    Newcastle United target Fikayo Tomori loan move

    Newcastle United target Fikayo Tomori loan move

    Nigerian forward Junior Ajayi wins 2020 CAF Champions League title with Al Ahly

    Nigerian forward Junior Ajayi wins 2020 CAF Champions League title with Al Ahly

  • Entertainment
    • All
    • Movie
    • Music
    Wizkid Looked Unconcerned While Burna Boy And Davido Fought At Twist Night Club (Video)

    Wizkid Looked Unconcerned While Burna Boy And Davido Fought At Twist Night Club (Video)

    Teni: How i compose my songs

    Teni: How i compose my songs

    My wife, family planning to poison me over properties – Duncan Mighty

    My wife, family planning to poison me over properties – Duncan Mighty

    Why I rejected Ned Nwoko – BBNaija star, Princess

    Why I rejected Ned Nwoko – BBNaija star, Princess

    PHOTOS: See record breaking baby that is ’27 years old’ and just 18 months younger than her mum

    PHOTOS: See record breaking baby that is ’27 years old’ and just 18 months younger than her mum

    Tope Alabi’s daughter attacked after denouncing dad…declares love for step-dad

    Tope Alabi’s daughter attacked after denouncing dad…declares love for step-dad

  • Tech
    • All
    • Apps
    • Gadget
    Software Creator McAfee Arrested In Spain, Awaiting Extradition To US

    Software Creator McAfee Arrested In Spain, Awaiting Extradition To US

    Google launches Chromecast with Google TV

    Google launches Chromecast with Google TV

    Apple grants CEO Tim Cook first major stock package since 2011

    Apple grants CEO Tim Cook first major stock package since 2011

    Apple preparing 75 million 5G iPhones for later this year: Bloomberg

    Apple preparing 75 million 5G iPhones for later this year: Bloomberg

    Why Nigeria should embrace 5G network – Experts

    Why Nigeria should embrace 5G network – Experts

    Facebook says Apple ad-blocking settings could halve revenue

    Facebook says Apple ad-blocking settings could halve revenue

  • Business
  • World
No Result
View All Result
Somthing2Know
No Result
View All Result
Home News Business

Apple grants CEO Tim Cook first major stock package since 2011

Nathaniel by Nathaniel
September 30, 2020
in Business, Tech
1 min read
0 0
0
Apple grants CEO Tim Cook first major stock package since 2011
0
SHARES
22
VIEWS
Share on FacebookShare on TwitterSend to WhatsApp

Apple Inc on Tuesday granted CEO Tim Cook 333,987 restricted stock units, with a possibility to earn as many as 667,974 more if he hits performance targets, in the executive’s first stock grant since 2011.

“Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity,” Apple’s board of directors said in a statement.

RelatedPosts

Petrol to sell for N162.44 per litre as from December 14

Petrol to sell for N162.44 per litre as from December 14

December 9, 2020
Apple launches $549 new AirPods Max to boost holiday sales; delivery times face delays

Apple launches $549 new AirPods Max to boost holiday sales; delivery times face delays

December 9, 2020
Lagos sets 2022 target for Marina-Mile 2 rail operations

Lagos sets 2022 target for Marina-Mile 2 rail operations

December 2, 2020

“For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward.”

Cook is in the ninth year of his 10-year grant from 2011. Each restricted stock unit conveys the right to one common share when it vests.

Apple’s stock closed at $114.09 on Tuesday, which puts the value of the units at $38.1 million at Tuesday’s price. But they will be more valuable if Apple’s stock price rises by the time they vest. One-third of the units will vest on April 1, 2023 with another third vesting in 2024 and the final third in 2025.

In October 2023, Cook will also be eligible to receive additional units based on performance. The target amount is 333,987 units, but the total could vary between none and double that amount based on Apple’s relative total shareholder return from fiscal years 2021 through 2023, according to a regulatory filing.

Apple’s move brings Cook’s compensation timeline into line with other executives at the company. Apple on Tuesday also awarded a similar grant to Chief Operating Office Jeff Williams, who will receive 89,064 restricted stock units on the same terms as Cook, including the possibility of performance-based units.

Cook told Fortune magazine in 2015 that he plans to donate his wealth to charity.

ShareTweetSend
Previous Post

Google to enforce app store fee for all developers from 2021

Next Post

I’ll return to South East if Nigeria splits — Onyeka Onwenu

Nathaniel

Nathaniel

Next Post
I’ll return to South East if Nigeria splits — Onyeka Onwenu

I'll return to South East if Nigeria splits — Onyeka Onwenu

FG lifts ban on Emirates Airlines

FG lifts ban on Emirates Airlines

#BBNaija2020: Laycon Officially Gets His Prizes As The Winner (Photos)

#BBNaija2020: Laycon Officially Gets His Prizes As The Winner (Photos)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

774,000 jobs will kick off on Tuesday, says Keyamo

774,000 jobs will kick off on Tuesday, says Keyamo

January 4, 2021
N-Power: Buhari orders increase of beneficiaries from 500,000 to 1m

‘FG Committed To Five #EndSARS Demands’: Buhari Woos Youths In New Year Speech

January 2, 2021
Ronaldo Hoping To Play For ‘Many Years’ More

Ronaldo Hoping To Play For ‘Many Years’ More

January 2, 2021

Newsletter Subscription!

Now you don't have to worry about missing out on the important news of the day.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing! Please check your email for further instructions.
Somthing2Know

We are a modern Nigerian digital media platform. We select and emphasise the vital information, that is interesting, entertaining and useful across the web.

Browse by Category

Recent News

774,000 jobs will kick off on Tuesday, says Keyamo

774,000 jobs will kick off on Tuesday, says Keyamo

January 4, 2021
  • Terms
  • Disclaimer
  • Privacy Policy

© 2020 Somthing2know

No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Entertainment
  • Tech
  • Business
  • World

© 2020 Somthing2know

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In