Apple execs rewarded with stock bonuses worth $12 million each, and other news for March 6, 2014
Apple has awarded a total of 30,000 shares totaling US$12.1 million to six company executives, according to MacRumors. The news came from required filings with the SEC. As MacRumors explains:
The shares appear to have been awarded as part of the executives' 2014 compensation package. Apple Senior Vice Presidents Eddy Cue, Craig Federighi, Dan Riccio, Phil Schiller, Bruce Sewell, and Jeffrey Williams all received equal bonus awards, with shares granted thusly:
- 22,738 RSUs with one-third of the units scheduled to vest into full shares of Apple stock on April 1 of 2016, 2017 and 2018.
- 6,626 RSUs scheduled to vest on October 1, 2015, with that number subject to adjustment based on Apple's total shareholder return.
- 6,416 RSUs scheduled to vest on October 1, 2016 with the same adjustments as the 2015 award.
In other news:
- AdAge says Apple is going to roll out full-screen video ads later this year as part of its iAd program.
- Azoi has released the Wello iPhone case, allowing users to track heath metrics like blood pressure, heart rate, and temperature.
- Australia is angry at Apple after uncovering a profit-shifting scheme that saw the company move $9 billion in funds to Ireland.
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