Apple CEO, Tim Cook saw his annual pay slip to $11.6 million in 2019 after the company registered a weaker financial performance compared with the previous year.
Tim Cook is paid a base salary of $3 million in addition to a bonus and various compensations.
Tim took home $15.7 million in 2018.
His 2019 incentive bonus tallied about $7.7 million. –
Tim’s bonus was calculated based on the fact that Apple exceeded its sales target by only 28 percent.
Cook got a $3 million salary, a $7.7 million bonus and $884,466 in perks and other compensation in the latest period.
The executive also had $113.5 million worth of Apple stock vest.
Cook holds unvested Apple shares worth almost $400 million, according to Apple’s filing.
Tim Cook has amassed the majority of his stock through a 2011 equity award when he took over as CEO from co-founder Steve Jobs.
Apple spent $457,083 on Cook’s security in 2019 and $315,311 on personal air travel expenses.
Cook donated $2 million worth of Apple shares to an undisclosed charity last week.
He said that he plans to eventually donate the majority of his fortune before he dies.