Here’s how much Apple CEO Tim Cook earned in 2020 – Latest News

2020 was a year like none before with the entire world being impacted by a pandemic. Yet, Apple had quite a prolific year in terms of launches and hitting $2 trillion in market capitalisation. Now, a filing with the US SEC has revealed the amount of money Apple CEO Tim Cook made in 2020. According to a report by 9to5Mac, Cook’s total compensation for 2020 was around $14.76 million. Cook’s compensation package, as per the SEC filing, including $3 million fixed salary, $10.7 million as incentive plan compensation and another $1.03 million under “all other compensation”.

Cook’s annual take home has gone up compared to last year when he made $11.5 million. However, the figure has gone down from what he earned in 2018, which was $15.68 million.

In the SEC filing, Apple also revealed that Cook is set to get a long-term equity award in 2021. “For the first time since he was promoted to the CEO role in 2011, Mr. Cook’s 2021 compensation will include a long-term equity award. This award will better align the structure of his time-based and performance-based equity incentives with the awards of our other named executive officers,” Apple’s proxy statement in the filing noted.

2021 will also mark as Cook’s 10th anniversary as Apple CEO and the company’s board spoke in glowing terms about him. “The Board believes Mr. Cook brings unparalleled innovation and focus to the CEO role, demonstrates what it means to lead with values and integrity, and consistently delivers incredible results for our shareholders.”