Apple CEO Tim Cook’s total compensation was $99.4 million in 2022, according to the company’s proxy statement released today. His compensation included a $3 million salary, roughly $83 million in stock awards, and $13.4 million in other forms of compensation. Cook’s total compensation in 2021 was $98.7 million.


Cook will be taking a substantial pay cut in 2023, as noted by Bloomberg‘s Mark Gurman. Based on shareholder feedback and Cook’s recommendation to adjust his compensation for him in light of the feedback, the filing indicates that his target compensation for 2023 will be $49 million, which would be less than half of his total compensation for him in 2022.

Despite the pay cut, Apple’s Compensation Committee said the company had “exceptional performance” in 2022 under the leadership of Cook, who has served as CEO since 2011. The proxy statement indicates that the percentage of performance-based RSUs granted to Cook was increased from 50% to 75% of his 2023 target equity award.

Ahead of Apple’s annual shareholders meeting on March 10, Cook shared a message to shareholders reflecting on the past year, with an excerpt below:

The global challenges with us all today — from inflation, to war in Eastern Europe, to the enduring impacts of the pandemic — make this a time for deliberate and thoughtful action. But it is not a time to retreat from the future. We’ve always run Apple for the long-term, and that means continuing to invest in innovation, in people, and in the positive difference we can make in the world.

Today, we have the strongest lineup of products and services we’ve ever had, and our technology has never shown up for our users in more ways. And our latest innovations are helping so many of us harness our creativity, connect with loved ones, find entertainment and joy, and live safer, healthier lives.

The full letter can be found on page six of the proxy statement linked above.

Popular Stories

Apple Just Broke a Tradition It Held for 21 Years

Apple has broken a tradition it maintained for 21 years, releasing no new Macs in the fourth quarter of the year for the first time since 2000, as previously anticipated devices like the next-generation MacBook Pro and Mac Pro models have apparently been pushed out to this year. Historically, Apple launched at least one new Mac model every year in the fourth quarter that runs between October …

iPhone 15 Pro Expected Later This Year With These 6 Exclusive Features

Apple’s next-generation iPhone 15 Pro and iPhone 15 Pro Max are expected to be announced in September as usual. Already, rumors suggest the devices will have at least six exclusive features not available on the standard iPhone 15 and iPhone 15 Plus. An overview of the six features rumored to be exclusive to iPhone 15 Pro models:A17 chip: iPhone 15 Pro models will be equipped with an A17…

Sketchy ChatGPT App Soars Up App Store Charts, Charges $7.99 Weekly Subscription [Update: Removed]

A sketchy app claiming to be the ChatGPT bot has soared up App Store charts, charging users a $7.99 weekly subscription to use a service that is entirely free to use on the web and seemingly has no affiliation to the actual bot. ChatGPT has soared in popularity recently, with some calling it the “iPhone moment” for AI, given its mainstream appeal. ChatGPT can articulate short and long-form…

iPhone 16 Pro Rumored to Feature Under-Display Face ID Next Year

The iPhone 16 Pro will feature under-display Face ID technology to provide more usable display area, according to The Elec. The Korean-language report explains that Apple will move the components required for Face ID authentication directly under the iPhone’s display in 2024. When not in use, the TrueDepth camera for Face ID will not be visible under the display, which will appear seamlessly.. .

iPhone 15 Pro Models Rumored to Be More Expensive

The iPhone 15 Pro models could face a price hike over the iPhone 14 Pro and iPhone 14 Pro Max, according to recent reports. According to a rumor from an unverified source on Weibo, Apple will increase the price of this year’s iPhone 15 Pro models to widen the gap with the iPhone 15 Plus. The extent of the potential price hike is not yet clear. The iPhone 14 Pro and iPhone 14 Pro Max start at …

15-Inch MacBook Air Rumored for 2023, But New 12-Inch MacBook Now Unlikely

Apple plans to release a larger 15-inch MacBook Air in 2023, but a previously rumored 12-inch MacBook with Apple silicon is no longer expected to launch this year, according to the latest information shared by Bloomberg’s Mark Gurman. Gurman did not share any additional details about the 15-inch MacBook Air, but display analyst Ross Young previously claimed that Apple’s suppliers would begin…

iOS 17 Coming Later This Year: Here’s What to Expect

While there are still around five months remaining until Apple unveils iOS 17, we’re already able to piece together a few details about the upcoming software update based on Apple’s previous announcements and reported information. Below, we’ve recapped everything that we have heard about iOS 17 so far. Apple is expected to announce iOS 17 alongside iPadOS 17, macOS 14, watchOS 10, and tvOS…

5 New Features and Changes Rumored for the 2023 HomePod

Tuesday January 10, 2023 1:55 am PST by Sami Fathi

Later this year, Apple is expected to reintroduce a new full-sized HomePod, a successor to the original smart speaker which was discontinued almost two years ago. Apple reportedly discontinued the HomePod in March 2021 due to lackluster sales and a lack of features compared to the speakers offered by Amazon and Google. The HomePod lineup remains part of Apple’s portfolio thanks to the…