Apple CEO Ternus details stake, RSU awards
Rhea-AI Filing Summary
Apple Inc. (AAPL) received an initial ownership report on Form 3 from John Ternus, who is listed as a director and officer (CEO). The filing reports 34,155 shares of common stock held directly through Mr. Ternus' trust and multiple outstanding restricted stock unit (RSU) awards, each RSU representing one share of Apple common stock at settlement.
The RSU positions include time-based awards granted in 2022, 2023, 2024 and 2025 with scheduled vesting dates between April 1, 2027 and April 1, 2030, plus performance-based RSUs granted in 2023, 2024 and 2025. For the performance-based RSUs, between 0% and 200% of the target units may vest based on Apple's relative total shareholder return over specified multi-year fiscal periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Ternus John
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit F3, F2 | -- | -- | -- |
| holding | Restricted Stock Unit F3, F4 | -- | -- | -- |
| holding | Restricted Stock Unit F3, F5 | -- | -- | -- |
| holding | Restricted Stock Unit F3, F6 | -- | -- | -- |
| holding | Restricted Stock Unit F3, F7 | -- | -- | -- |
| holding | Restricted Stock Unit F3, F8 | -- | -- | -- |
| holding | Restricted Stock Unit F3, F9 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 305,171 shares (Direct);
Common Stock — 34,155 shares (Direct)
Footnotes (9)
- F1. These shares are held through Mr. Ternus' trust.
- F2. This restricted stock unit ("RSU") award was granted September 25, 2022. 22,159 RSUs subject to the award vested on each of April 1, 2025, and April 1, 2026. 22,159 RSUs are scheduled to vest on April 1, 2027, subject to the terms and conditions of the underlying award agreement.
- F3. Each RSU represents the right to receive, at settlement, one share of Apple Inc.'s ("Apple's") common stock.
- F4. This RSU award was granted October 1, 2023. 19,470 RSUs subject to the award vested on April 1, 2026. 19,469 RSUs are scheduled to vest on each of April 1, 2027, and April 1, 2028, subject to the terms and conditions of the underlying award agreement.
- F5. This performance-based RSU award was granted October 1, 2023, and is scheduled to vest on October 1, 2026, subject to the terms and conditions of the underlying award agreement. The "target" number of RSUs is reported. Between 0% and 200% of the target number of units may vest based on Apple's relative total shareholder return from the first day of Apple's fiscal year 2024 and ending with the last day of Apple's fiscal year 2026.
- F6. This RSU award was granted September 29, 2024, and is scheduled to vest as to one-third of the units on each of April 1, 2027, April 1, 2028, and April 1, 2029, subject to the terms and conditions of the underlying award agreement.
- F7. This performance-based RSU award was granted September 29, 2024, and is scheduled to vest on October 1, 2027, subject to the terms and conditions of the underlying award agreement. The "target" number of RSUs is reported. Between 0% and 200% of the target number of units may vest based on Apple's relative total shareholder return from the first day of Apple's fiscal year 2025 and ending with the last day of Apple's fiscal year 2027.
- F8. This RSU award was granted September 28, 2025, and is scheduled to vest as to one-third of the units on each of April 1, 2028, April 1, 2029, and April 1, 2030, subject to the terms and conditions of the underlying award agreement.
- F9. This performance-based RSU award was granted September 28, 2025, and is scheduled to vest on October 1, 2028, subject to the terms and conditions of the underlying award agreement. The "target" number of RSUs is reported. Between 0% and 200% of the target number of units may vest based on Apple's relative total shareholder return from the first day of Apple's fiscal year 2026 and ending with the last day of Apple's fiscal year 2028.
Key Figures
Common stock directly held: 34,155 shares
2022 RSU underlying shares: 22,159 shares
2023 time-based RSU underlying shares: 38,938 shares
+4 more
7 metrics
Common stock directly held
34,155 shares
Direct holdings of Apple common stock held through Mr. Ternus' trust
2022 RSU underlying shares
22,159 shares
Underlying Apple common shares for RSU award granted September 25, 2022
2023 time-based RSU underlying shares
38,938 shares
Underlying Apple common shares for RSU award granted October 1, 2023
2023 performance-based RSU underlying shares
58,408 shares
Target underlying shares for performance-based RSU award granted October 1, 2023
2024 time-based RSU underlying shares
43,901 shares
Underlying Apple common shares for RSU award granted September 29, 2024
2025 time-based RSU underlying shares
48,932 shares
Underlying Apple common shares for RSU award granted September 28, 2025
Performance-based RSU vesting range
0% to 200%
Range of target RSUs that may vest based on relative total shareholder return
Key Terms
Restricted Stock Unit, performance-based RSU, relative total shareholder return, target number of RSUs
4 terms
Restricted Stock Unit financial
"This restricted stock unit ("RSU") award was granted September 25, 2022."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance-based RSU financial
"This performance-based RSU award was granted October 1, 2023, and is scheduled"
Performance-based RSUs are promises to deliver company stock to employees only if the firm or the individual meets preset financial or operational targets; they convert into actual shares when those goals are achieved. For investors, they matter because they link pay to results—shaping management incentives, affecting future share count and earnings reports, and signaling how confident leadership is about hitting measurable milestones (think of a bonus that only pays out if sales or profit goals are reached).
target number of RSUs financial
"The "target" number of RSUs is reported. Between 0% and 200% of the target"
FAQ
What does the AAPL Form 3 filed by John Ternus report?
It reports John Ternus' initial holdings in Apple Inc. (AAPL), including 34,155 shares of common stock held through his trust and several outstanding restricted stock unit (RSU) awards that may convert into Apple common shares over future vesting periods.
What RSU awards for AAPL from 2022 are disclosed for John Ternus?
An RSU award granted on September 25, 2022 is reported with 22,159 underlying shares. RSUs from this award vested on April 1, 2025 and April 1, 2026, and 22,159 RSUs are scheduled to vest on April 1, 2027, subject to the award agreement.
What 2023 RSU awards in AAPL stock does John Ternus report?
The filing reports time-based RSUs granted on October 1, 2023 with 38,938 underlying shares, and a separate performance-based RSU award granted the same day with 58,408 underlying shares, with vesting tied to Apple’s relative total shareholder return for fiscal years 2024–2026.
What 2024 and 2025 RSU awards in AAPL are listed for John Ternus?
Awards granted on September 29, 2024 and September 28, 2025 are reported, each split between time-based RSUs with 43,901 and 48,932 underlying shares, respectively, and performance-based RSUs with the same underlying share counts and vesting contingent on relative total shareholder return.
How do John Ternus’ performance-based RSUs in AAPL vest?
For each performance-based RSU award, the Form 3 states that between 0% and 200% of the target number of RSUs may vest based on Apple’s relative total shareholder return over specified three-year fiscal periods, subject to the underlying award agreements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
