Apple CEO Tim Cook's salary, along with his stock grant and other additional compensation, has surged his total earnings in 2021, according to the latest filing of the United States Securities and Exchange Commission or SEC published on Jan. 6.
Apple CEO Tim Cook attends the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. After a year hiatus due to the COVID-19 pandemic, the world’s most wealthy and powerful businesspeople from the media, finance, and technology worlds will converge at the Sun Valley Resort for the exclusive week-long conference.
The SEC filing showed that the majority of the earnings of the Apple exec, Cook, primarily came from his multi-million stock grant.
Apple CEO Tim Cook Salary
As per the report by CNBC, the disclosure of Cook's total earnings for 2021 further showed that the Apple boss has increased his income by 33 percent when compared to his 2020 revenue.
Meanwhile, according to the news story by CNET, the earnings of the Apple CEO is 1,447 times the average compensation of an Apple employee, which is around $68,000, the SEC filing also disclosed.
The filing also revealed that the base salary of the Apple boss is to the tune of $3 million in 2021.
However, it is worth noting that his total earnings from the last year are more than that as he had other sources of income from his company aside from his paycheck.
How Much Did Tim Cook Earn in 2021
On top of his salary as the CEO of Apple, Cook got stock awards with a value of over $82 million. Not to mention that the exec received other compensation from the company that he leads.
The SEC filing noted the other forms of compensation, which cost to the tune of $1.39 million. It includes a contribution to his 401(k) plan of up to $17,400 and life insurance premiums totaling $2,964.
What's more, it also covered his personal air travel expense of a whopping $712,488, another $630,630 for his security team, as well as a vacation cash-out to the tune of $23,077.
NEW YORK, NEW YORK - SEPTEMBER 24: People shop at the Fifth Avenue Apple Store during the launch of Apple’s new iPhone 13 and iPhone 13 Mini on September 24, 2021 in New York City. The new phones come equipped with a A15 Bionic chip, improved dual-camera system and longer battery life than the iPhone 12. The iPhone 13 Mini starts at $729, and the iPhone 13 starts at $829.
Aside from that, the Apple exec also got an additional $12 million bonus for hitting both the environmental and financial goals of the Cupertino giant.
To sum up, the total earnings of the successor of the late Apple founder Steve Jobs is at a cool $98.73 million.
Read Also: Apple CEO Tim Cook Says Company is Currently Looking For the Employee Who Leaked a Confidential Memo
Apple CEO Tim Cook
Meanwhile, according to the news story by MacRumors, way back on Aug. 4, 2021, the Apple boss took the eighth spot from the highest-paid execs in the United States.
Back in 2020, Cook ranked second to the founder and CEO of Tesla, Elon Musk, who got the highest place in the list.
Related Article: Apple CEO Tim Cook Just Got $355 Million Richer, So How Much His Net Worth Is?
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Written by Teejay Boris
