Tim Cook's 2019 salary has been announced

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Apple CEO Tim Cook's wages fell slightly in 2019 due to a change in the iPhone manufacturer's payout schedule, although the company's shares hit all-time highs. "Data-reactid =" 11 "> Apple CEO Tim Cook's wages fell slightly in 2019 due to a change in the iPhone manufacturer's payout schedule, even though the company's stock hit all-time highs.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "cookThe 59-year-old earned around $ 11.56 million in non-share compensation for the year, according to public records. The total decreased 26 percent compared to 2018 when the long-time Apple CEO earned just under $ 15.7 million. "Data-reactid =" 12 "> Cook, 59, earned approximately $ 11.56 million in non-share compensation for the year, a 26 percent decrease from 2018 as the long-time Apple CEO earned just under $ 15.7 million.

The downward trend despite Apple's strong performance was due to a change in target payouts for all of the company's executives. Cook and his colleagues received 128 percent of their targeted payout in 2019, compared to 200 percent in 2018.

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"In 2019, Apple's performance exceeded its targeted performance targets for both net sales and operating income, resulting in a total payout of 128% of the target payout target for each appointed executive," the SEC said.

Cook's base salary of $ 3 million was unchanged from the previous year. Apple shares first traded at $ 300 in late December and closed at $ 297.43 on Friday.

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The company's stock rose by almost 90 percent in 2019.

Apple's filing found that the company contributed $ 457,083 to Cook's personal security services and $ 315,311 for its air travel.

Apple's chief financial officer, Luca Maestri, received $ 25.2 million. Much of it came from stock prices. Jeff Williams, Cheif Operating Officer, and Kate Adam, General Counsel, also received approximately $ 25.2 million.

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