Apple Approves $55 Million 2027 Equity Award Target for New CEO John Ternus

According to Wallstreetcn, Apple approved a 2027 fiscal-year equity award target value of $55 million for new CEO John Ternus, granted him a prorated restricted stock unit award with a 2026 fiscal-year target value of $2.5 million, approved a 2027 fiscal-year equity incentive plan target value of $45 million for Tim Cook, and set Cook's annual salary at $2 million effective September 26, 2026.