Tim Cook To Gain 1 Million Apple Shares If He Stays Until 2021

href="http://www.macrumors.com/2011/08/26/apple-awards-tim-cook-1000000-shares-of-stock-as-ceo-bonus/">MacRumors has spotted a href="http://www.sec.gov/Archives/edgar/data/320193/000118143111047179/rrd320651.htm">securities filing by Apple which notifies shareholders of the change in leadership of the company, but also lays out some of the stock awards that Tim Cook will gain for staying with the company in the long term — totaling an impressive one million Apple shares:

In connection with Mr. Cook’s appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook’s continued employment with Apple through each such date.

That’s 500,000 after five years, then another 500,000 after 10. At current market rates, that worth over $383 million. That’s a pretty strong incentive for Cook to stay with the company, and also to do his utmost to keep the share prices as high as humanly possible.