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Apple hands 8 execs stock awards worth up to US$27 million

Gregg Keizer | Oct. 27, 2014
Execs under CEO Tim Cook receive uniform stock grants, part of Apple's 'internal equity' compensation philosophy.

Apple will use a three-year TSR measurement that started last month and continues through Sept. 30, 2017, to calculate the exact number of shares each of the eight executives will receive.

As noted, Cook also has some of his equity compensation tied to the TSR: In August, he was awarded the maximum -- 560,000 shares -- because for the year prior Apple's TSR had ranked 44th out of 480 firms included in the S&P 500.

Apple's stock price has climbed 6% since the Sept. 9 introduction of the iPhone 6 and iPhone 6 Plus, and is up 32% for the year.

 

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