secwatch.observer — SEC 8-K summary
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Issuer:     Apple Inc. (AAPL)
CIK:        0000320193
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001140361-25-000228
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Apple appoints Kevan Parekh as CFO effective Jan 1, 2025, succeeds Luca Maestri
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- Kevan Parekh named Senior VP, CFO, effective January 1, 2025; succeeds Luca Maestri.
- Annual salary set at $1 million; eligible for cash incentive plan at 175% of base salary target.
- Awarded 36,767 performance-based RSUs (vest Oct 1, 2027) and 36,767 time-based RSUs (vest in equal installments 2027-2029).
- Performance-based RSUs tied to Apple's total shareholder return vs S&P 500; 0%-200% of target may vest.
- Parekh joined Apple in 2013; prior roles at Thomson Reuters and General Motors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320193/000114036125000228/0001140361-25-000228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320193/000114036125000228/ef20040370_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-000228

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer