Eight of Apple's top executives they obtained at the beginning of this month of April some lots of restricted shares for company employees, which is worth about $ 13 million for at least six of them.
According to the Securities Commission of the United States, these actions are part of the incentive plan of the Californian company. The recipients are, among others, Vice Presidents Eddy Cue and Craig Federighi. It is surprising not to see Tim Cook among them, but apparently the CEO of the Cupertino did not fit into that incentive package, intended for the supervisors of each strategic area of the company.
The beneficiaries are all widely known to the Apple community. These are:
- Jeff Williams, Apple's Chief Operating Officer,
- Bruce sewell, SPV and General Counsel,
- Phil Schiller, Vice President of Worldwide Marketing,
- Eddy Cue, Vice President of Internet Software and Services,
- Craig Federighi, Vice President of Software Engineering,
- Dan riccio, Vice President of Hardware Engineering,
with a total amount of about 94.010 units of shares. At the time, the shares were worth about $ 13.6 million. Additionally, Luca Maestri (Chief Financial Officer) and Angela Ahrendts (Apple Vice President of Retail) also received awards for their work worth about $ 6 million. In this way, Cue also bought 236 common shares of Apple at the beginning of the year, under the Employee Stock Purchase Plan (ESPP) of the Cupertino-based company.
These prizes as shares They come after the loss of the target bonuses last year due to the poor financial results of 2016. Despite the fact that Apple obtained a net profit of $ 215.6 billion in sales, the performance was not what was expected, set by the company's own compensation committee, so these bonuses were not finally distributed.
