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MacRumors
Here's What Apple is Paying John Ternus to Run the Company
Apple has officially set CEO John Ternus' target compensation at $58 million, revealed in a recent SEC filing. The compensation package comprises a $3 million salary and an annual equity award with a target value of $55 million. In comparison, Tim Cook will earn approximately $47 million as he transitions to the role of executive chairman, representing a pay cut from his previous earnings of $74.3 million in 2025. This change signals a pivotal moment in Apple's leadership and compensation structure.
MonitorConfidence: MediumShort term horizon
Published 1 Sept 2026, 22:45 UTC1 min read
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Summary
TL;DR
- John Ternus' target compensation set at $58 million.
- Consists of a $3 million salary and $55 million in equity awards.
- Tim Cook to earn $47 million as executive chairman.
- Apple's pay structure favors long-term stock performance.
- Ternus' previous compensation details were not publicly disclosed.
Interesting facts
- This is the first public disclosure of Ternus' compensation after assuming the CEO role.
- Ternus' equity vesting includes performance metrics relative to other S&P 500 companies.
Coverage gaps