Apple awards CFO two stock grants of 47,645 units each
The CFO's time-based units are scheduled to vest through October 2030, while the performance-based award may vest from 0% to 200% of target.
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Rhea-AI Filing Summary
Apple Inc. reported two direct restricted stock unit awards to Senior Vice President, CFO Kevan Parekh on September 27, 2026, each covering 47,645 RSUs. The time-based award is scheduled to vest 12.5% on April 15, 2027, with the remaining RSUs scheduled to vest in 12.5% semi-annual installments over four years ending October 15, 2030, subject to its award agreement. The performance-based award has a target of 47,645 RSUs and is scheduled to vest October 1, 2029; between 0% and 200% of target 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 its award agreement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2 | 47,645 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit F1, F3 | 47,645 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock.
- 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.
- 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
Key Terms
restricted stock unit financial
performance-based RSUs financial
semi-annual installments financial
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