What are you thinking?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

Apple has awarded Tim Cook 1 million shares in the Cupertino tech giant, which at Friday’s closing stock price of $383.58 a share is worth about $383 million and Apple announced the stock bonus in an 8-K filing with the Securities and Exchange Commission that also offers up more information on the contract that Apple has signed with Cook. The announcement of the share transfer will put an end to speculation that Mr Cook had been appointed as an interim figure and he is likely to stay with the company for at least 10 years…………….

 

Apple has given Tim Cook 1 million shares of restricted stock as he takes over as reins of the company from Steve Jobs and the stock package is worth more than $383 million. Apple filed a form 8-K with the SEC because of the changes in corporate leadership at the company. An 8-K is the current report ompanies must file with the SEC to announce major events that shareholders should know about. The form notifies investors of the resignation of Steve Jobs as CEO; Jobs’ appointment as Chairman of the Board; COO Tim Cook’s promotion to CEO and the appointment of Cook to the Board. A restricted stock unit or RSU, is a form of compensation valued in terms of company stock, but the stock is not issued at the time of the grant. In Cook’s case, he’s getting a promise from Apple to deliver him 500,000 shares of Apple stock in 2016 and 500,000 more shares in 2021, as long as he stays employed at the company.

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.

 

Thanks

Buy Cheapest Related Product From Amazon.com


Skype Release App Store

BeBook Club S E-Reader
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On August 28, 2011(3 years, 3 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

The tutorial will help how you can minimize the mobile data on your android device (Here we used LG G3 S for the tutorial)
The tutorial will help you to turn on battery Saver for LG G3 or G3 S both manually and automatically.
This tutorial is about how you can set up various auto reply messages on LG G3 S tp know the caller why you could not answer the call.
This tutorial is about disabling automatic shortcut creation of new installed app on android devices.
This tutorial is about showing you how to turn off location in Facebook of your Android devices.
My tutorial is for those who wants to delete those history partially or fully or to disable those if they want.
This tutorial will show you how to stop those videos in your Android mobile not to play automatically.
This tutorial will help you to Disable Auto-Update Of Android Apps in your Android Device. The steps are quite easy to execute.
This tutorial will help you to clear search history from your Google Play Store in your Android Device. The steps are quite easy to execute.
This tutorial is about restoring your deleted WhatsApp chat history in Android for at most 7 days data.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook