Ternus Inaugurated as Apple CEO: New Compensation Package Revealed

Apple's new CEO John Ternus is set to receive an initial compensation package of approximately $58 million in fiscal 2027, according to a regulatory filing with the US Securities and Exchange Commission (SEC).

Ternus' target package includes a base annual salary of $3 million alongside a target equity award valued at $55 million. Additionally, he will receive a prorated restricted stock unit (RSU) award worth $2.5 million for the remainder of fiscal 2026.

The structure of Ternus' compensation is heavily focused on long-term corporate performance, with 75% of his equity tied to Apple's relative total shareholder return against S&P 500 peers, while the remaining 25% vests semi-annually over four years.

Under the new structure, Executive Chairman Tim Cook will see a notable reduction in earnings from his $74.3 million in fiscal 2025. His annual base salary will decrease to $2 million, complemented by an annual equity award of $45 million split evenly between performance-contingent and time-based stock units.