Apple CEO John Ternus Acquires 120,943 Target Stock Units

The 120,943 target performance units are tied to Apple's relative total shareholder return through fiscal 2029 and may vest at 0% to 200% of target.

Rhea-AI Filing Summary

Apple Inc. CEO and director John Ternus acquired awards of 40,315 restricted stock units and 120,943 target performance-based RSUs on September 27, 2026. Each RSU represents the right to receive one share of common stock at settlement.

The 40,315-unit award is scheduled to vest 12.5% on April 15, 2027, with remaining units scheduled to vest in 12.5% semi-annual installments over four years ending October 15, 2030. The performance-based award is scheduled to vest October 1, 2029; between 0% and 200% of target units may vest based on Apple's relative total shareholder return from the first day of fiscal 2027 through the last day of fiscal 2029, subject to the award agreement.

Insider Trade Summary

Grant/Award: 161,258 shares

Grant/Award 2 txns

Insider Ternus John

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit F1, F2	40,315	$0.00	$0.00
Grant/Award	Restricted Stock Unit F1, F3	120,943	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 161,258 contracts (Direct)

Footnotes (3)

1. F1. Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock.
2. F2. These RSUs are scheduled to vest as to 12.5% of the units on April 15, 2027 and the remaining RSUs are scheduled to vest 12.5% in semi-annual installments over a four-year period ending October 15, 2030, subject to the terms and conditions of the underlying award agreement.
3. F3. These performance-based RSUs are scheduled to vest on October 1, 2029, subject to the terms and conditions of the underlying award agreement. The "target" number of restricted stock units 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 2027 and ending with the last day of Apple's fiscal year 2029.

Key Figures

Restricted stock units: 40,315 RSUs Target performance-based RSUs: 120,943 RSUs Initial scheduled vesting: 12.5% +2 more

5 metrics

Restricted stock units 40,315 RSUs Awarded to John Ternus on September 27, 2026

Target performance-based RSUs 120,943 RSUs Awarded to John Ternus on September 27, 2026

Initial scheduled vesting 12.5% Of the 40,315-unit award, scheduled for April 15, 2027

Performance-based vesting range 0% to 200% of target Based on Apple's relative total shareholder return during fiscal 2027 through fiscal 2029

Scheduled vesting period Four years Remaining RSUs scheduled to vest in 12.5% semi-annual installments, ending October 15, 2030

Key Terms

restricted stock unit, performance-based RSUs, semi-annual installments, relative total shareholder return

4 terms

restricted stock unit financial

"Each restricted stock unit ("RSU") represents the right to receive"

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 RSUs financial

"These performance-based RSUs are scheduled to vest"

Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.

semi-annual installments financial

"remaining RSUs are scheduled to vest 12.5% in semi-annual installments"

relative total shareholder return financial

"based on Apple's relative total shareholder return"

Relative total shareholder return measures how much an investor’s gain from a company — including stock price changes and dividends — beats or lags a chosen benchmark or peer group over a set time. Think of it as a race: it shows whether the company outpaced rivals or the market, which helps investors and boards judge performance, compare returns fairly, and link results to pay or investment decisions.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did AAPL CEO John Ternus receive?

John Ternus acquired 40,315 restricted stock units and 120,943 target performance-based restricted stock units on September 27, 2026. Each RSU represents the right to receive one share of common stock at settlement.

When do John Ternus's 40,315 AAPL RSUs vest?

The 40,315-unit award is scheduled to vest 12.5% on April 15, 2027, with the remaining RSUs scheduled to vest 12.5% in semi-annual installments over a four-year period ending October 15, 2030.

What are the vesting terms for John Ternus's AAPL performance-based RSUs?

The 120,943 target performance-based RSUs are scheduled to vest on October 1, 2029. Between 0% and 200% of the target units may vest based on Apple's relative total shareholder return from the first day of fiscal 2027 through the last day of fiscal 2029, subject to the award agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/29/2026 - 06:34 PM Accepted by SEC EDGAR 09/29/2026 - 06:33 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ternus John

(Last) (First) (Middle)

ONE APPLE PARK WAY

(Street)

CUPERTINO CALIFORNIA 95014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Apple Inc. [ AAPL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	09/27/2026		A		40,315		(2)	(2)	Common Stock	40,315	$0.00	40,315	D
Restricted Stock Unit	(1)	09/27/2026		A		120,943		(3)	(3)	Common Stock	120,943	$0.00	120,943	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock.

2. These RSUs are scheduled to vest as to 12.5% of the units on April 15, 2027 and the remaining RSUs are scheduled to vest 12.5% in semi-annual installments over a four-year period ending October 15, 2030, subject to the terms and conditions of the underlying award agreement.

3. These performance-based RSUs are scheduled to vest on October 1, 2029, subject to the terms and conditions of the underlying award agreement. The "target" number of restricted stock units 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 2027 and ending with the last day of Apple's fiscal year 2029.

	/s/ Sam Whittington, Attorney-in-Fact for John Ternus	09/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)