Apple CEO Tim Cook Earned $63.2 Million in 2023

Apple CEO Tim Cook earned $63.2 million in 2023, down from $99.4 million in 2022, according to the Apple proxy statement that was released today.

Apple Logo Cash Feature Mint
Cook's total earnings included a $3 million base salary, $47 million in stock awards, $10.7 million in performance-based bonus awards, and $2.5 million in other compensation, which included 401(k) contributions, term life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses.

Cook owns a total of 3,280,053 shares of Apple stock at the current time, as well as an additional 1,291,086 RSUs that have not yet vested.

In 2023, Apple's board of directors, shareholders, and Cook himself decided to decrease Cook's compensation. His target award was $49 million, which was ultimately exceeded due Apple's performance. For 2024, Cook's target equity award is set at $50 million, with 75 percent of that subjected to performance-based vesting.

Other senior executives, including Luca Maestri, Kate Adams, Deirdre O'Brien, and Jeff Williams, earned approximately $27 million each, most in the form of stock awards.

Popular Stories

iPhone 17 Pro 34ths Perspective

iPhone 17 Pro Launching Later This Year With These 10 New Features

Sunday March 23, 2025 10:00 am PDT by
While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch until September, there are already plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models as of March 2025: Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone ...
macbook pro blue green

When Will Apple Release the M5 MacBook Pro?

Wednesday March 26, 2025 4:53 pm PDT by
Apple regularly refreshes the MacBook Pro models, and a new version that uses M5 series chips is in the works. Apple just finished refreshing most of the Mac lineup with M4 chips, and now it's time for the M5. Rumors suggest that we could see the first M5 MacBook Pro models this fall. Design There have been no rumors of a design update for the M5 MacBook Pro models that are coming this...
Apple Lumon Terminal Pro

Apple's Mac Site Features Fictional 'Lumon Terminal Pro'

Wednesday March 26, 2025 12:19 pm PDT by
Apple is going all out with promotions for the popular Severance Apple TV+ show today, and as of right now, you'll find a new "Lumon Terminal Pro" listed on Apple's Mac site. The Lumon Terminal Pro is designed to look similar to the machines that Severance employees like Mark S. and Helly R. use for macrodata refinement. The Terminal features a blue keyboard, a small display with wide...
Facebook Feature

Facebook's New iPhone App Feature Turns the Clock Back to 2007

Thursday March 27, 2025 1:59 pm PDT by
In the mid-to-late 2000s, Facebook was all about staying connected with friends and family. However, as the social media platform added new features and grew over time, that core experience began to get drowned out. That changes starting now, according to Meta, which today introduced a new feature that will "bring back the joy" of classic Facebook. Specifically, Meta has redesigned the...
Generic iOS 18

iOS 18.4 Coming Soon With These New Features for Your iPhone

Tuesday March 25, 2025 6:45 am PDT by
Apple is expected to release iOS 18.4 to the general public as soon as next week, following more than a month of beta testing. Apple's website says some iOS 18.4 features will be released in "early April," so the update should be out as early as Tuesday, April 1. Apple this week seeded the iOS 18.4 Release Candidate, which is typically the final beta version, barring the discovery of any...
iPhone 17 Pro 34ths Perspective

iPhone 17 Pro Supports 8K Video Recording, Suggests Leaker [Updated]

Wednesday March 26, 2025 4:06 am PDT by
Update 7:25 pm: Based on comments from our forums, it appears the original Weibo post may have been mistranslated and "8K" actually refers to the high price of the device rather than 8K video recording capabilities. The iPhone 16 Pro currently starts at 7,999 yuan in China. Our original article follows below. Apple's forthcoming iPhone 17 Pro models are capable of shooting 8K video, up...
Foldable iPhone 2023 Feature 1

'iPhone Fold' to Feature Metallic Glass Hinge That Resists Deformation

Thursday March 27, 2025 4:21 am PDT by
Last week, we covered a report claiming that Apple's book-style foldable iPhone (or "iPhone Fold," as we are provisionally calling it here) will use liquid metal hinges to improve durability and help minimize screen creasing. Today, a Chinese leaker provided more details on the properties of this hinge material that help to clarify why Apple chose it for its first foldable device. According...
Generic iOS 19 Feature Mock

Gurman: Jon Prosser's iOS 19 Mockups 'Aren't Representative' of Redesign

Tuesday March 25, 2025 4:47 pm PDT by
The iOS 19 mockup images that leaker Jon Prosser shared today are not representative of the actual iOS 19 design, Bloomberg's Mark Gurman said on social media. According to Gurman, the images that are "floating around" are based on "very old builds" or "vague descriptions," and are lacking key features. Gurman says that we can "expect more from Apple in June." Gurman made the same comment ...
iCloud General Feature Redux

iPhone Users Who Pay for iCloud Storage Receive a New Perk

Thursday March 20, 2025 12:01 am PDT by
If you pay for iCloud storage on your iPhone, Apple has a new perk for you, at no additional cost. The new perk is the ability to create invitations in the Apple Invites app for the iPhone, which launched in the App Store last month. In the Apple Invites app, iCloud+ subscribers can create invitations for any occasion, such as birthday parties, graduations, baby showers, and more. Anyone ...

Top Rated Comments

blazerunner Avatar
16 months ago
He should get 4 times that amount. He works harder than everyone who's going to comment in this thread; combined. If Apple had a tipping system, I'd be throwing my money his way. The guy needs more, because he's the head of my favourite corporate entity that makes a shiny new phone every year that I need to have.

Congrats Tim, from all of us at MacRumors, you've earned your salary and then.. enjoy your 23rd yacht! It's on us!
Score: 25 Votes (Like | Disagree)
coffeemilktea Avatar
16 months ago
Well, that explains why extra RAM costs so much. :p
Score: 22 Votes (Like | Disagree)
grantishere Avatar
16 months ago
Tim should donate his money. $63 million is way more than enough to live comfortably.
Score: 21 Votes (Like | Disagree)
CharlesShaw Avatar
16 months ago

Tim should donate his money. $63 million is way more than enough to live comfortably.
Years ago, Fortune reported that Tim Cook was planning to donate his entire fortune.

https://fortune.com/2015/03/26/tim-cook/
Score: 14 Votes (Like | Disagree)
Morod Avatar
16 months ago
$63, down from $99? Maybe we should start a GoFundMe page for him.
Score: 14 Votes (Like | Disagree)
macos9rules Avatar
16 months ago
I wouldn't change my life with his life.
Score: 14 Votes (Like | Disagree)