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:
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.