Ternus' Apple Pay Package: $3M Salary, $55M Equity Award Target

Apple's leadership change has brought about a new compensation structure for John Ternus. As of September 1, 2026, his annual salary will be $3 million, with additional rewards linked to his tenure and Apple's performance.

Ternus' overall compensation package includes a prorated restricted stock unit (RSU) grant worth $2.5 million for fiscal 2026, reflecting the portion of the year he serves as CEO.

The biggest part of Ternus' compensation will come from Apple shares, with an annual equity award target value of $55 million for fiscal 2027.