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Apple has given O’Brien two units of 23,922 restricted inventory models, making for a complete of 47,844 shares of AAPL. At the corporate’s closing worth of $170.94 on Thursday, these shares are valued at round $8.2 million. Apple revealed the award in filings with the SEC on Thursday.
One set of 23,922 shares all vest over three years, beginning on August fifth, 2021. The different set will vest beginning October 1st, 2021 and is performance-based with AAPL’s efficiency being in comparison with the S&P 500. Since 2015, Deirdre O’Brien has acquired 108,963 shares of AAPL, vesting by means of October of 2022. Based on in the present day’s closing worth, the shares are value $18.6 million.
During her time at Apple, Angela Ahrendts was often one of many highest paid Apple executives. According to knowledge compiled by Bloomberg, Ahrendts acquired at the least $170 million throughout her 5 years at Apple, together with bonuses, wage, and vested inventory grants.
Ahrendts’ tenure at Apple will formally finish on April 15th. Apple mentioned she is leaving to observe “personal and professional pursuits.” In Ahrendts’ place, O’Brien now holds the title of Senior Vice President of Retail + People. Apple up to date its Leadership page to replicate this modification on Tuesday.