Overview
- Apple’s proxy filing lists Cook’s 2025 compensation at $74.3 million, a slight decline from 2024, with $3 million salary, $57.5 million in stock awards, $12 million in incentive pay, and about $1.76 million in other compensation.
- The filing details a retirement-vesting provision for Cook’s outstanding equity and defines retirement eligibility he already meets, underscoring ongoing succession planning by the board.
- The New York Times reported that Cook told the board he wants to reduce his workload and could transition to a chairman role, with hardware chief John Ternus cited as a plausible internal successor.
- Apple also disclosed 2025 pay for senior leaders, including Kevan Parekh at about $22.47 million, Deirdre O’Brien at $27.05 million, Kate Adams at $27.03 million, Sabih Khan at $27.03 million, and former CFO Luca Maestri at $15.48 million.
- The company set a virtual annual shareholders meeting for February 24, 2026, providing a forum for votes and questions on governance and compensation.