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Business
(Form: Apple Investor Relations)
An SEC filing (discovered by 9to5Mac) reveals that incoming Senior VP of retail Angela Ahrendts will receive a stock grant of 113,334 shares of AAPL stock.
According to Form 4, filed on May 5, 2014, the AAPL shares will vest over four years as follows:
- 26% on June 1, 2014
- 32% on April 1, 2015
- 21% on July 18, 2015
- 15% on June 14, 2016
- 3% on June 14, 2017
- 3% on June 14, 2018
At today’s price of over $600 per share that comes out to just over $68 million. The grant is slightly more than the 100,000 Apple shares awarded to former retail chief John Browett before he was fired in October 2012.