Apple paid CEO Tim Cook $10.3 mln in 2015

While, five other top executives at Apple received about $5 million each in salary plus bonuses, to go with $20 million in stock awards. Over the course of the year, Tim Cook received 560,000 shares of stock worth over $57 million, Angela Ahrendts received 391,634 shares worth $50 million.

Mr Cook received a US$2 million salary and US$8 million bonus in 2015, the filing shows. These numbers do not include restricted stock units that vested in 2015.

Cook also sat below senior vice president in charge of internet, software and services Eddy Cue, senior vice president in charge of hardware engineering, Dan Riccio, and general counsel and secretary Bruce Sewell in the pay rankings.

By comparison, the overall S&P 500 now yields about 2.2 percent, while bonds of high-quality corporate issuers most comparable to S&P 500 companies yield near 3.5 percent. He has held up to 3.1 million Apple shares (as of September 26), which means he has unvested stock worth $310 million, based on Wednesday’s closing price of around $100. Today’s filing revealed the company generated $233.7 billion in sales during 2015, a 28 percent increase over 2014.

Ahrendts’ salary is down substantially from the prior year, when Apple offered her a lucrative package to leave her job with the luxury retailer and revitalize Apple’s online and brick-and-mortar stores. Still, investors are raising fresh questions about the sustainability of Apple’s iPhone business, with the stock down 15 percent in the past month amid reports of weaker-than-expected demand for the latest handsets.

Absent from Apple’s summary compensation table is Chief Design Officer Jony Ive, called by some the company’s most important employee.