Apple gives CEO Tim Cook 1M shares

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Source: www.bizjournals.com --- Monday, January 09, 2012
Apple Inc. CEO Tim Cook has been given 1 million restricted shares of the company's stock as a promotion and retention award. The shares are based on Apple's closing price on the day Steve Jobs resigned as CEO on Aug. 24 of $376.18 million, giving them a current value of $376.18 million. The final value won't be known until the shares vest, with half not accessible until Aug. 24, 2016, and the other half on Aug. 24, 2021. Apple shares hit a new high on Monday of $427.75 on Monday before closing down slightly at $421... ...

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