In a series of filings with the Securities and Exchange Commission on Friday evening, Apple disclosed a series of huge stock grants to nearly all of the company’s senior executives. Peter Oppenheimer, Bruce Sewell, Philip Schiller, Jeffrey Williams, Scott Forstall and Robert Mansfield all received 150,000 restricted stock units from Apple — worth approximately $60 million each at Apple’s current stock price.
Each of those executive need to stay at Apple for nearly five years to collect the full amount of the grants. Half of the shares in their stock grants vest on June 21, 2013, while the second half vest on March 21, 2016.
Eddy Cue, Apple’s senior vice president for Internet software and services, received 100,000 restricted stock units, worth about $40 million at Apple’s current share price and subject to a slightly different vesting schedule. Mr. Cue, though, received an earlier 100,000 share grant in early September when Apple promoted him.
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