Apple CEO Ternus has a direct incentive to beat the market: How Apple structured his equity award

Apple CEO John Ternus
Apple’s board has structured incoming CEO John Ternus’ first full-year compensation so that the bulk of his wealth depends on whether the company’s stock outperforms other members of the S&P 500. Ternus will receive a $3 million base salary and a targeted annual equity award of $55 million beginning in fiscal 2027. Three-quarters of that award consists of performance-based restricted stock units that vest according to Apple’s total shareholder re