- Last night we had APPLE (AAPL),
Effective
June 21, 2013, the Compensation Committee (the “Committee”) of the
Board of Directors of Apple Inc.
(“we,” “Apple,” or the “Company”) approved the amendment of the
restricted stock units awarded on August 24, 2011 to Timothy D. Cook,
the Company’s Chief Executive Officer. The amendment does not change the
original grant date fair value of Mr. Cook’s award as originally
reported in the Company’s Proxy Statement filed with the SEC on
January 9, 2012. It does, however, align Mr. Cook’s potential realizable
compensation from
the award with Company performance, and reflects the Committee’s intent
to have a portion of future equity awards be performance-based for the
Company’s executive officers, and for Mr. Cook to lead by example."
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