AAPL » Topics » SUMMARY COMPENSATION TABLE

This excerpt taken from the AAPL DEF 14A filed Mar 13, 2006.

SUMMARY COMPENSATION TABLE

 

    

Fiscal
Year

   Annual Compensation    Long-Term
Compensation
  

All Other
Compensation

 

Name and Principal Position

      Salary    Bonus    Restricted
Stock Award
    Securities
Underlying
Options*
  
          ($)    ($)    ($)     (#)    ($)  

Steven P. Jobs

Chief Executive Officer

   2005
2004
2003
   1
1
1
  

  

74,750,000

 
 
(1)
 

  

 
 
 

Timothy D. Cook

Chief Operating Officer

   2005
2004
2003
   602,434
602,632
617,673
   600,239


  

7,650,000

 
(2)
 
 

   12,600
12,588
9,929
(3)
(3)
(3)

Ronald B. Johnson

Senior Vice President, Retail

   2005
2004
2003
   552,795
484,836
452,404
   550,202
1,500,000
1,500,000
  

6,375,000

 
(2)
 
 

  

 
 
 

Peter Oppenheimer

Senior Vice President and Chief Financial Officer

   2005
2004
2003
   552,189
450,739
402,237
   550,202


  

6,375,000

 
(2)
 
 

   21,092
3,808

(3)
(3)
 

Jonathan Rubinstein

Senior Vice President,
iPod Division

   2005
2004
2003
   552,795
485,216
452,939
   551,239


  

6,375,000

 
(2)
 
 

   12,600
12,300
11,986
(3)
(3)
(3)

(1) In March 2003, Mr. Jobs voluntarily cancelled all of his outstanding options, excluding those granted to him in his capacity as a Director. In March 2003, the Board awarded Mr. Jobs 10 million (split-adjusted) restricted shares of the Company’s Common Stock that generally vest in full on the third anniversary of the grant date. The market value of the restricted shares at the end of fiscal year 2005 (based on $53.20 per share, the closing price of Common Stock on the NASDAQ National Market on September 23, 2005) was $532 million.

 

(2) Market value of restricted stock units granted on March 24, 2004 (based on $12.75 per share, the closing price of the Company’s common stock on the NASDAQ National Market on the day of grant). Restricted stock units generally vest over four years with 50% of the total number of shares vesting on each of the second and fourth anniversaries of the grant date. The market value of the restricted stock units at the end of fiscal year 2005 (based on $53.20 per share, the closing price of Common Stock on the NASDAQ National Market on September 23, 2005) was $31.92 million for Mr. Cook and $26.60 million for each of Messrs. Johnson, Oppenheimer and Rubinstein.

 

(3) Consists of matching contributions made by the Company in accordance with the terms of the 401(k) plan.
This excerpt taken from the AAPL DEF 14A filed Mar 15, 2005.

SUMMARY COMPENSATION TABLE

 
   
  Annual Compensation
  Long-Term
Compensation

   
 
Name and Principal Position

  Fiscal
Year

  Salary
($)

  Bonus
($)

  Restricted
Stock Award
($)

  Securities
Underlying
Options*
(#)

  All Other
Compensation
($)

 

Steven P. Jobs
Chief Executive Officer

 

2004
2003
2002

 

1
1
1

 



2,268,698



(2)


74,750,000


(1)



15,000,000



(1)



1,302,795



(2)

Timothy D. Cook
Executive Vice President, Worldwide Sales and Operations

 

2004
2003
2002

 

602,632
617,673
563,829

 




 

7,650,000


(3)





 

12,588
9,929
8,025

(4)
(4)
(4)

Ronald B. Johnson
Senior Vice President, Retail

 

2004
2003
2002

 

484,836
452,404
452,404

 

1,500,000
1,500,000

 

6,375,000


(3)




600,000

 




 

Jonathan Rubinstein
Senior Vice President, iPod Division

 

2004
2003
2002

 

485,216
452,939
452,558

 




 

6,375,000


(3)





 

12,300
11,986
9,996

(4)
(4)
(4)

Avadis Tevanian, Jr. Ph.D
Senior Vice President, Chief Software Technology Officer

 

2004
2003
2002

 

469,681
456,731
492,212

 

1,000


(5)


5,100,000



(3)






 

12,338
11,962
10,700

(4)
(4)
(4)

*
Adjusted to reflect the Company's two-for-one stock split in February 2005.

(1)
In March 2003, Mr. Jobs voluntarily cancelled all of his outstanding options, excluding those granted to him in his capacity as a director. In March 2003, the Board awarded Mr. Jobs 10 million restricted shares of the Company's Common Stock that generally vest in full on the third anniversary of the grant date.

(2)
In December 1999, Mr. Jobs was given a special executive bonus for past services as the Company's interim Chief Executive Officer, in the form of an aircraft with a total cost to the Company of approximately $90,000,000. In fiscal 2002, approximately $2.27 million paid by the Company towards the purchase of the plane and approximately $1.3 million in related tax assistance was reported as income to Mr. Jobs.

(3)
Market value of restricted stock units granted on March 24, 2004 (based on $12.75 per share, the closing price of the Company's common stock on the NASDAQ National Market on the day of grant). Restricted stock units generally vest over four years with 50% of the total number of shares vesting on each of the second and fourth anniversaries of the grant date.

(4)
Consists of matching contributions made by the Company in accordance with the terms of the 401(k) plan.

(5)
Patent award.

13


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