Tim Cook gets 1,000,000 AAPL shares if he remains CEO of Apple until 2021

Wow this is pretty interesting, MacRumors have read the 8-K form which Apple has filed with the SEC to announce this week’s changes to Apple’s executive board, however they have found something just as interesting. Apple has awarded 1,000,000 stock shares to new CEO Tim Cook.

In connection with Mr. Cook’s appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook’s continued employment with Apple through each such date.

With the current stock price at $383 that brings the total to somewhat more than $383M, we can only hope they will be worth as much in 2021.