As head of the world’s most valuable company, Cook has received lofty stock awards in recent years.
One of the incentives was tied to Apple’s performance in the S&P 500 over the past three years. The stock award was triggered this week because the firm was one of the index’s top performers, generating shareholder returns of nearly 192% from August 2018 to 2021, it said in a filing.
In 2014, Cook made history for becoming the first Fortune 500 CEO to come out as gay. The following year, he pledged to donate most of his wealth to charity.