The move is based on feedback, including from Cook himself.
Apple Inc. said in a regulatory filing late Thursday that Cook’s target total compensation is $49 million for 2023, with a $3 million base salary, and $6 million cash incentive — both unchanged from the previous year — and $40 million in equity awards.
Last March, the Cupertino, California, company conducted an advisory shareholder vote on executive pay with 6.21 billion shares voted in favor of the executive pay package and 3.44 billion against. There were also abstentions and broker non-votes.and a recommendation from Cook, who was promoted to to CEO in 2011, to adjust his compensation in light of the feedback received.
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