From CRN: Apple CEO Tim Cook’s total pay rose last year as the company hit multiple growth goals in fiscal 2018.
Cook reported total compensation of $15.7 million in fiscal 2018, up $2.9 million from the $12.8 million he received the prior year, according to a proxy filing Tuesday with the U.S. Securities and Exchange Commission.
Cook’s total pay included $3 million in base salary, which was almost unchanged from the last year. He also received $12 million in non-equity incentive plan compensation and $682,219 in other compensation. Not included as part of Cook’s total pay: Apple shares worth an estimated $121 million that vested in 2018, according to the proxy.
“Other compensation” included Apple’s contributions to Cook’s account under its 401(k) plan in the amount of $16,500; term life insurance premiums paid by Apple in the amount of $2,964; vacation cash-out in the amount of $57,692; security expenses in the amount of $310,981; and personal air travel expenses worth $294,082.
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