Tim Cook is in line for a bumper share payout worth about $114m (£93m) after Apple’s share price neared record highs despite a slump in iPhone sales.

The Apple boss will be able to cash in a giant share award of more than half a million shares in the coming days.

About 280,000 Apple shares awarded for remaining with the company are set to vest, along with another 280,000 linked to its performance.

Mr Cook, 58, received a massive share bonus award in 2011 when he took over from founder Steve Jobs. Two years later he asked the board to link the payouts to the tech giant’s share price performance.

Apple stock must outperform two thirds of S&P 500 companies over the three years to August 2019 for…


READ  Apple Express Mode speeds up Apple Pay on London Underground, buses, and trams - Pocket-lint


Please enter your comment!
Please enter your name here