The second part of the bonus, consisting of 57,482 restricted shares, will be issued on October 1, 2020, but the percentage will be based on Apple's relative shareholder return for the period from November 13, 2017 to September 26, 2020 Calculate.
Based on Apple's performance in comparison with the S & P 500 over the next three years, Adams earned a second-hand finish of up to 100%, or Apple's poor performance, which could barely be reached.
Based on Apple's closing price of $ 169.08 on Wednesday, each part of the 57,482 restricted shares are worth just over $ 9.7 million, which means Adams can get as close as $ 19.4 million, according to Apple's performance over the next three years, Will float.
Apple regularly issues restricted shares to senior executives as a motivation to motivate them to stay in the company.
Adams will take over as former General Counsel and Bruce Sewell, Senior Vice President, Law and Global Security, by the end of this year, former General Counsel for Honeywell.
Apple's general counsel oversees all legal matters, including corporate governance, intellectual property, litigation disputes and securities compliance, global security and privacy.