Ternus Set for $58M Apple Pay Package, Cook to Earn $47M as Executive Chairman

Apple's recent regulatory filing has shed light on the compensation packages of its incoming and outgoing CEOs. John Ternus, set to take over as CEO on September 1, 2026, will earn a total target compensation of $58 million for fiscal 2027.

The breakdown includes a base salary of $3 million annually, an equity award of $55 million divided into performance-based and time-based RSUs, and a transition stock award of $2.5 million prorated for fiscal 2026.

Ternus's compensation is tied to Apple's total shareholder return compared to other S&P 500 companies, with potential gains directly linked to the company's market achievements.