This filing is a routine compensation disclosure for a previously announced CEO transition. No immediate trading action is warranted; monitor the next earnings call for any strategic commentary from the new CEO.
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Executive Summary
Apple filed an 8-K/A to disclose the new compensation arrangements for incoming CEO John Ternus and Executive Chair Tim Cook, effective September 1, 2026. Ternus receives a $3M salary and a $55M annual equity award (75% performance-based), while Cook receives a $2M salary and a $45M equity award (50% performance-based). This is a routine administrative update to a previously announced CEO transition plan with no material financial impact on the company.
Key Facts
- John Ternus appointed CEO effective September 1, 2026, with annual salary increased to $3 million.
- Tim Cook appointed Executive Chair effective September 1, 2026, with annual salary of $2 million.
- Ternus received a prorated RSU award for fiscal 2026 with a target value of $2.5 million.
- Ternus approved for an annual equity award with a target value of $55 million in fiscal 2027 (75% performance-based RSUs, 25% time-based RSUs).
- Cook approved for an equity award with a target value of $45 million in fiscal 2027 (50% performance-based RSUs, 50% time-based RSUs).
Financial Impact
No material financial impact; executive compensation changes are routine and within expected ranges for a company of Apple's size.
Risk Factors
- No material risks identified from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K/A Filing (Primary) | 0001140361-26-035325 |
| Document: 0001140361-26-035325-index-headers.html | 0001140361-26-035325 |
| Document: 0001140361-26-035325-index.html | 0001140361-26-035325 |
| Document: 0001140361-26-035325.txt | 0001140361-26-035325 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Court Ruling | $332.27 $336.13 | ▲ +1.16% | ▲ +1.38% | $330.32 (−0.59%) |
Sep 10, 2026 22d ago | Court Ruling | $326.57 $337.00 | ▲ +3.19% | ▲ +3.69% | $330.32 (+1.15%) |
Sep 9, 2026 23d ago | Court Ruling | $315.34 $332.41 | ▲ +5.41% | ▲ +6.07% | $330.32 (+4.75%) |
Sep 8, 2026 24d ago | Court Ruling | $316.22 $331.34 | ▲ +4.78% | ▲ +5.90% | $330.32 (+4.46%) |
Sep 3, 2026 29d ago | Court Ruling | $328.21 $332.27 | ▼ −1.24% | ▼ −2.39% | $330.32 (−0.64%) |
Sep 1, 2026 4w ago | 8-K/A | $325.13 $315.34 | ▼ −3.01% | ▼ −3.09% | $330.32 (+1.60%) |
Aug 31, 2026 4w ago | Court Ruling | $316.85 $316.22 | ▼ −0.20% | ▼ −0.06% | $330.32 (+4.25%) |
Aug 27, 2026 5w ago | Court Ruling | $314.58 $328.21 | ▼ −4.33% | ▼ −4.06% | $330.32 (−5.00%) |
Aug 27, 2026 5w ago | Court Ruling | $314.58 $328.21 | ▲ +4.33% | ▲ +4.06% | $330.32 (+5.00%) |
Aug 26, 2026 5w ago | Court Ruling | $313.45 $324.96 | ▲ +3.67% | ▲ +3.79% | $330.32 (+5.38%) |
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