Apple CEO Tim Cook's Pay Up Slightly to $4.3 Million

9:35 AM PST 12/30/2013 by THR Staff
Tim Cook

His compensation package included $1.4 million in salary and a bonus of $2.8 million for fiscal 2013.

Apple CEO Tim Cook's fiscal 2013 compensation package was valued at nearly $4.3 million, which marks a slight increase over 2012.

Cook's pay included $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing.

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His compensation package also included $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.

In 2012, Cook's compensation package was valued at $4.2 million, according to the filing.

Apple closed the fiscal year, which ended in September, with a nearly 25 percent decline in market value, or about $160 billion, but it is still the world's most valued company based on market capitalization.

Apple also said in the filing that activist investor Carl Icahn plans to present a proposal to shareholders that would require the company to repurchase at least $50 billion of its stock during fiscal 2014. The company is recommending that its shareholders vote against the proposal at its Feb. 28 shareholder meeting.

The Associated Press contributed to this report.

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