Apple CEO Tim Prepare dinner earned $74.6 million in 2024, up from $63.2 million in 2023, Apple mentioned in its annual proxy submitting.
Prepare dinner’s earnings included a $3 million base wage, $58 million in inventory awards, $12 million in performance-based awards, and $1.5 million in different compensation, corresponding to 401(ok) contributions, life insurance coverage premiums, trip cash-out, safety bills, and private air journey bills. Prepare dinner is required by Apple to make use of non-public plane for each enterprise and private journey.
Apple set a goal compensation of $59 million for Prepare dinner, however Prepare dinner earned extra by way of the money incentive payout that executives obtain when Apple performs nicely.
Although Prepare dinner’s 2024 compensation exceeded what he earned in 2023, it was nonetheless down from the $99 million that he was awarded in 2022. Prepare dinner and the Board of Administrators opted to lower Prepare dinner’s complete compensation after his 2022 earnings reached nearly $100 million.
Different Apple executives, together with Luca Maestri, Kate Adams, Deirdre O’Brien, and Jeff Williams, earned $27.2 million.
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