Apple discloses CEO transition compensation: Ternus $3M salary, $55M equity; Cook $2M, $45M

Apple Inc.

John Ternus becomes CEO Sept 1, 2026; salary $3M, prorated RSU $2.5M for fiscal 2026.
Ternus fiscal 2027 equity award $55M: 75% performance-based RSUs (TSR vs S&P 500), 25% time-based.
Tim Cook becomes Executive Chair; salary $2M effective Sept 26, 2026.
Cook fiscal 2027 equity award $45M: 50% performance-based, 50% time-based; retirement vesting after 1 year.

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