John Ternus’s Compensation
– John Ternus will receive an annual salary of 3 million USD and a target stock package worth 55 million USD in fiscal year 2027.
– His compensation was disclosed by Apple in a filing with the U.S. Securities and Exchange Commission after he officially became CEO on September 1.
Details of Compensation
– In fiscal year 2026, Ternus will also receive a stock bonus valued at 2.5 million USD for his tenure as CEO during that year.
– Starting in fiscal year 2027, Ternus will receive additional stock valued at 55 million USD, with 25% paid out every six months and the remaining 75% contingent on Apple’s stock market performance compared to other S&P 500 companies.
Comparison with Tim Cook
– Tim Cook, transitioning from CEO to Executive Chairman, will earn a salary of 2 million USD and a target stock bonus of 45 million USD in fiscal year 2027.
– In 2025, Cook received a total of 74.3 million USD, which included salary, performance bonuses, and stock value.
Background of John Ternus
– This is the first time Apple has disclosed Ternus’s compensation details, which were previously undisclosed during his tenure as Vice President of Hardware Engineering.
– Ternus, 51, has been with Apple for 25 years, starting in product design in 2001 and progressing to Senior Vice President of Hardware Engineering in 2021.
Analysts’ Perspective
– Analysts believe that Ternus’s appointment signals a stronger focus on hardware and product execution in Apple’s future, given his track record of launching significant products like the ultra-thin iPhone Air, affordable MacBook Neo, and health-supporting AirPods.
