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Apple's Cook receives first time-based stock grant since 2011, incentivizes tenure into 2025

Apple CEO Tim Cook and his core leadership team this week received restricted stock unit awards designed to incentivize continued work at the company into 2025.Handed out on Sunday, the awards include tenure- and performance-based RSUs scheduled to vest over the next five years, according to a Securities and Exchange Commission filing on Tuesday.Cook gained the most in two separate transactions, each resulting in the acquisition of 333,987 RSUs. As per Apple’s benefits guidelines, the first batch is slated for conversion into common stock in three equal installments on April 1, 2023, April 1, 2024, and April 1, 2025. The second clutch of 333,987 RSUs are performance-based and will vest on Oct. 1, 2023. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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