In a new regulatory filing today, Apple revealed that new CEO John Ternus is receiving a pay package with $58 million in salary and target stock awards. The company also shared details on Tim Cook’s lucrative new deal as Apple’s executive chairman.

Ternus’s $58 million pay package includes a $3 million annual base salary and a $55 million target equity award beginning fiscal 2027, split 75% performance-based RSUs and 25% time-based RSUs. For 2026, he receives prorated stock awards with a $2.5 million target value.

Tim Cook is receiving a pay package with a $47 million target value for fiscal 2027, including a $2 million annual base salary and a $45 million equity award. This unusually large package for an executive chairman signals Apple's value in Cook's role managing relationships with President Trump and the Chinese government.

For fiscal 2025, Cook’s total pay as CEO was $74,294,811, though his salary and stock awards totaled roughly $60.5 million.