secwatch.observer — SEC 8-K summary
======================================

Issuer:     Apple Inc. (AAPL)
CIK:        0000320193
Form:       8-K/A
Filed at:   2026-09-01T20:30:35+00:00
Accession:  0001140361-26-035325
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320193/000114036126035325/0001140361-26-035325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320193/000114036126035325/ef20081427_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-035325

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