Overview
- Cook’s compensation mix comprised a $3 million salary, about $57.5 million in stock awards, $12 million in performance-based cash, and roughly $1.76 million in other pay that includes security and required private air travel.
- The total is slightly below 2024’s figure, with Apple maintaining a $59 million target for Cook that can be exceeded through incentive payouts.
- Apple says Cook’s equity carries a retirement-vesting feature and that the board is regularly engaged on succession, with the filing confirming he meets the company’s retirement eligibility criteria.
- The New York Times reported that Cook has told the board he wants to reduce his workload and could shift to chairman upon retirement, with John Ternus cited as a potential successor.
- The proxy also details 2025 pay for other leaders and a CFO transition, listing Kevan Parekh at $22.5 million, former CFO Luca Maestri at $15.5 million, and a virtual shareholders meeting on February 24, 2026.