Apple's New CEO Ternus Gets $58M Annual Pay Package as Cook's Drops to $47M
nashnova research
Apple set new CEO John Ternus's FY2027 total pay at roughly $58 million and outgoing CEO Tim Cook's executive-chairman package at about $47 million — a day-one price tag that signals how the board weighs their respective roles.
How is Ternus's $58 million split?
Base salary: $3 million a year, same as Cook earned as CEO.
The bulk is an equity grant targeted at $55 million: 75% is tied to Apple's stock performance versus the S&P 500, while the remaining 25% vests as restricted stock every six months.
This means → three-quarters of Ternus's pay depends on Apple beating the broader market — the board has locked the new CEO's wallet tightly to shareholder returns.
He will also receive roughly $2.5 million in prorated equity for the remainder of FY2026, ending in September — a transition-period top-up.
Why did Cook's pay drop so much?
As executive chairman, Cook's base salary falls from $3 million to $2 million; his FY2027 equity target is $45 million.
The key difference: only half of Cook's equity is linked to the S&P 500 — far less performance exposure than Ternus's 75%.
In plain terms = Cook's package is steadier, more like a retention fee; Ternus's reads more like a performance bet. Who carries the operating pressure is obvious from the pay structure alone.
For context, Cook's total FY2025 CEO package was $74.3 million — the drop exceeds one-third.
What else does this filing reveal?
Apple had never publicly disclosed Ternus's pay as SVP of Hardware Engineering, but Bloomberg reported that executives at that level typically earned around $25 million a year (equity, salary, and bonus combined).
This means → going from $25 million to $58 million, Ternus's pay more than doubled — the CEO promotion premium is unmistakable.
The filing did not disclose cash bonuses for either executive; Apple typically provides fuller compensation details ahead of its annual shareholder meeting. Cook said he plans to serve as executive chairman for the long term.
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