Apple CEO earns big payday

Posted online August 29, 2016 | 11:40 am

Apple CEO Tim Cook received a huge portion of the mega-stock grant he received when was named to the job in 2011.

A Securities and Exchange Commission filing indicates Cook received 1.26 million shares of Apple stock, valued around $135 million. They were previously restricted.

Cook is now at the halfway point of a stock-compensation plan designed to give him 7 million shares by 2021.

Read more from Dow Jones Newswires.

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