Apple's New Chief Lawyer Katherine Adams Welcomed With Multimillion-Dollar Bonus Package of Restricted Stock

apple's incoming chief lawyer katherine adams has received generous bonus package in form of restricted stock units, or rsus, according mandatory disclosure filed u.s. securities , exchange commission week.

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katherine adams​

first part of award consists of 57,482 rsus vest in quarterly instalments on 13th day of may 2018, november 2018, november 2019, , november 2020, long adams remains employed apple on dates.

second part of award consists of 57,482 rsus, percentage of vest on october 1, 2020 based on apple's relative total shareholder return between november 13, 2017 , september 26, 2020.

based on apple's performance compared companies in s&p 500 on next 3 years, adams can see second part of award increased as 100 percent, or decreased 0 if apple underperform.

based on apple's closing price of $169.08 on wednesday, each portion of 57,482 rsus worth on $9.7 million potential total value of $19.4 million. amount higher or lower based on apple's performance.

apple awards senior executives restricted stock units incentive them stay company.

adams succeed retiring bruce sewell apple's general counsel , senior vice president of legal , global security at end of year. general counsel @ honeywell.

apple's general counsel oversees legal matters, including corporate governance, intellectual property, litigation , securities compliance, global security, , privacy.

article link: apple's new chief lawyer katherine adams welcomed multimillion-dollar bonus package of restricted stock

 

well deserved. has done work , saved corporation billions.

 

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