Apple CEO Tim Cook's compensation dropped 26 percent for the 2019 fiscal year
Tim Cook attends the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on Jan. 5, 2020 in Beverly Hills, Calif.'s compensation dropped 26 percent to slightly under $11.6 million for the 2019 fiscal year.
The executive, who has run Apple since his promotion in 2011, had the same base salary, $3 million, as in 2018 but his non-equity incentive pay dropped from $12 million in 2018 when he received 200 percent of his target payout, compared with $7.7 million in 2019 when he and other executives received 128 percent of the target bonus.
"In 2019, Apple’s performance exceeded the target performance goals for both net sales and operating income, resulting in a total payout of 128 percent of the target payout opportunity for each named executive officer," Apple wrote in the filing disclosing executive compensation. The company's stock grew by more than 88 percent in 2019.
Cook also received $884,000 in other compensation for 2019, including $457,000 in security services and $315,000 in the use of a private plane.
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