Apple offers Tim Cook 1,000,000 reasons to stay until 2021

In the 8-K filing following their top-level restructuring this week, Apple revealed that they were awarding new CEO Tim Cook quite the signing bonus:

In connection with Mr. Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook's continued employment with Apple through each such date.

As noted by MacRumors, that's worth almost $400 million at current prices. Half the stock can be divested in 5 years, the other half in 10 years, as long as Cook is still with Apple.

This would, of course, be in addition to his salary, options, and bonuses. (Last year those totaled $58 million.)

No word yet on the corporate jet...

Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.