Apple DEF 14A Details Executive Compensation for FY23
Ticker: AAPL · Form: DEF 14A · Filed: 2024-01-11T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, proxy-statement, corporate-governance
TL;DR
**Apple just dropped its proxy statement, detailing executive pay for FY23, including Tim Cook's stock awards.**
AI Summary
Apple Inc. filed a DEF 14A on January 11, 2024, outlining executive compensation details for the fiscal year ending September 30, 2023. This filing specifically references compensation for CEO Tim Cook and other named executive officers, including stock awards granted between September 25, 2022, and September 30, 2023. Investors should pay attention to this filing as it provides transparency into how Apple rewards its top leadership, which can influence management's incentives and potentially impact long-term shareholder value.
Why It Matters
This filing gives shareholders insight into how Apple compensates its top executives, including CEO Tim Cook, which is crucial for understanding corporate governance and alignment with shareholder interests.
Risk Assessment
Risk Level: low — This is a routine proxy filing providing transparency on executive compensation, which is generally low risk for immediate stock price impact.
Analyst Insight
Investors should review the full DEF 14A filing to understand the specifics of executive compensation packages, particularly the performance metrics tied to stock awards, to assess alignment between management incentives and long-term shareholder value.
Key Players & Entities
- Apple Inc. (company) — the filer of the DEF 14A
- Tim Cook (person) — CEO of Apple Inc., whose compensation is detailed
- September 30, 2023 (date) — the end of the fiscal year covered by the compensation details
- January 11, 2024 (date) — the filing date of the DEF 14A
FAQ
What is the purpose of Apple Inc.'s DEF 14A filing dated January 11, 2024?
The DEF 14A filing by Apple Inc. on January 11, 2024, serves to provide shareholders with information regarding matters to be voted on at the upcoming annual meeting, specifically detailing executive compensation for the fiscal year ending September 30, 2023, including stock awards for CEO Tim Cook.
Which fiscal year's compensation data is primarily covered in this DEF 14A filing?
This DEF 14A filing primarily covers compensation data for the fiscal year spanning from September 25, 2022, to September 30, 2023, as indicated by the date ranges associated with compensation disclosures for Mr. Cook and other executives.
Who is specifically mentioned in the filing regarding executive compensation?
The filing specifically mentions 'aapl:MrCookMember' (Tim Cook) as a 'PeoMember' (Principal Executive Officer) and 'ecd:NonPeoNeoMember' (Non-Principal Executive Officer Named Executive Officer) in relation to compensation and stock awards.
What type of compensation is highlighted for executives in the filing?
The filing highlights 'aapl:GrantDateFairValueOfStockAwardsFromSCTMember' and 'aapl:FairValueOfEquityAwardsGrantedInTheYearAndUnvestedAsOfYearEndMember', indicating that stock awards and the fair value of equity awards are key components of executive compensation discussed.
What is the 'CONFORMED PERIOD OF REPORT' for this DEF 14A filing?
The 'CONFORMED PERIOD OF REPORT' for this DEF 14A filing is 20240228, which typically indicates the date of the annual shareholders' meeting or the period for which the proxy statement is relevant.
From the Filing
0001308179-24-000010.txt : 20240111 0001308179-24-000010.hdr.sgml : 20240111 20240111163029 ACCESSION NUMBER: 0001308179-24-000010 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 82 CONFORMED PERIOD OF REPORT: 20240228 FILED AS OF DATE: 20240111 DATE AS OF CHANGE: 20240111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Apple Inc. CENTRAL INDEX KEY: 0000320193 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] ORGANIZATION NAME: 06 Technology IRS NUMBER: 942404110 STATE OF INCORPORATION: CA FISCAL YEAR END: 0928 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-36743 FILM NUMBER: 24529569 BUSINESS ADDRESS: STREET 1: ONE APPLE PARK WAY CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: (408) 996-1010 MAIL ADDRESS: STREET 1: ONE APPLE PARK WAY CITY: CUPERTINO STATE: CA ZIP: 95014 FORMER COMPANY: FORMER CONFORMED NAME: APPLE INC DATE OF NAME CHANGE: 20070109 FORMER COMPANY: FORMER CONFORMED NAME: APPLE COMPUTER INC DATE OF NAME CHANGE: 19970808 DEF 14A 1 laapl2024_def14a.htm APPLE INC. - DEF 14A false 0000320193 DEF 14A 0000320193 2022-09-25 2023-09-30 0000320193 aapl:MrCookMember 2022-09-25 2023-09-30 0000320193 aapl:MrCookMember 2021-09-26 2022-09-24 0000320193 2021-09-26 2022-09-24 0000320193 aapl:MrCookMember 2020-09-27 2021-09-25 0000320193 2020-09-27 2021-09-25 0000320193 ecd:PeoMember aapl:MrCookMember 2020-09-27 2021-09-25 0000320193 ecd:PeoMember aapl:MrCookMember 2021-09-26 2022-09-24 0000320193 ecd:PeoMember aapl:MrCookMember 2022-09-25 2023-09-30 0000320193 ecd:PeoMember aapl:MrCookMember aapl:GrantDateFairValueOfStockAwardsFromSCTMember 2022-09-25 2023-09-30 0000320193 ecd:NonPeoNeoMember aapl:GrantDateFairValueOfStockAwardsFromSCTMember 2022-09-25 2023-09-30 0000320193 ecd:PeoMember aapl:MrCookMember aapl:GrantDateFairValueOfStockAwardsFromSCTMember 2021-09-26 2022-09-24 0000320193 ecd:NonPeoNeoMember aapl:GrantDateFairValueOfStockAwardsFromSCTMember 2021-09-26 2022-09-24 0000320193 ecd:PeoMember aapl:MrCookMember aapl:GrantDateFairValueOfStockAwardsFromSCTMember 2020-09-27 2021-09-25 0000320193 ecd:NonPeoNeoMember aapl:GrantDateFairValueOfStockAwardsFromSCTMember 2020-09-27 2021-09-25 0000320193 ecd:PeoMember aapl:MrCookMember aapl:FairValueOfEquityAwardsGrantedInTheYearAndUnvestedAsOfYearEndMember 2022-09-25 2023-09-30 0000320193 ecd:NonPeoNeoMember aapl:FairValueOfEquityAwardsGrantedInTheYearAndUnvestedAsOfYearEndMember 2022-09-25 2023-09-30 0000320193 ecd:PeoMember aapl:MrCookMember aapl:FairValueOfEquityAwardsGrantedInTheYearAndUnvestedAsOfYearEndMember 2021-09-26 2022-09-24 0000320193 ecd:NonPeoNeoMember aapl:FairValueOfEquityAwardsGrantedInTheYearAndUnvestedAsOfYearEndMember 2021-09-26 2022-09-24 0000320193 ecd:PeoMember aapl:MrCookMember aapl:FairValueOfEquityAwardsGrantedInTheYearAndUnvestedAsOfYearEndMember 2020-09-27 2021-09-25 0000320193 ecd:NonPeoNeoMember aapl:FairValueOfEquityAwardsGrantedInTheYearAndUnvestedAsOfYearEndMember 2020-09-27 2021-09-25 0000320193 ecd:PeoMember aapl:MrCookMember aapl:ChangeInFairValueFromPriorYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember 2022-09-25 2023-09-30 0000320193 ecd:NonPeoNeoMember aapl:ChangeInFairValueFromPriorYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember 2022-09-25 2023-09-30 0000320193 ecd:PeoMember aapl:MrCookMember aapl:ChangeInFairValueFromPriorYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember 2021-09-26 2022-09-24 0000320193 ecd:NonPeoNeoMember aapl:ChangeInFairValueFromPriorYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember 2021-09-26 2022-09-24 0000320193 ecd:PeoMember aapl:MrCookMember aapl:ChangeInFairValueFromPriorYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember 2020-09-27 2021-09-25 0000320193 ecd:NonPeoNeoMember aapl:ChangeInFairValueFromPriorYearEndOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember 2020-09-27 2021-09-25 0000320193 ecd:PeoMember aapl:MrCookMember aapl:ChangeInFairValueFromPriorYearEndOfVestedAwardsGrantedInPriorYe