[Apple] on Wednesday doled out 150,000 shares each to most of its senior vice presidents, short of recently-minted SVP Eddy Cue, who received a slightly smaller 100,000-share bonus, and design guru Jonathan Ive, who is an SVP, but does not fall under the SEC’s section for directors, officers, and principal stockholders. That works out to just over a $60 million payday to those who got the 150,000 shares, with Cue’s cut coming out to a little more than $40 million, all based off today’s closing price.
Not a bad payout for Apple’s executive team. Given the company’s performance, it’s hard to find fault with the stock windfall. It’s dependent on them sticking around for another five years, however. The intent is clearly to continue stability in Apple’s senior management.