Apple Grants New Retail Chief Stock Worth $68.1 Million
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Apple Inc. has awarded its new retail chief Angela Ahrendts stock compensation potentially worth about $68 million, continuing the iPhone maker’s practice of generous pay for executives.
The Cupertino, California-based company said in a filing yesterday that Ahrendts will get 113,334 restricted shares that will vest over the next four years. Based on Apple’s closing price of $600.96, the shares would be worth about $68.1 million.