Apple‘s new CEO John Ternus officially took over the company Tuesday, and the veteran tech executive will be getting a hefty pay raise alongside the new title and responsibilities. According to an SEC filing Tuesday afternoon, Ternus will receive a $3 million salary, paired with annual equity awards valued at $55 million. He will also receive a one-time prorated $2.5 million RSU grant. His annual equity award will see 25 percent of shares vest over time, and the remaining 75 percent vesting based on Apple’s performance compared to other companies in the S&P 500 index. The nature of equity grants and RSUs means that the final value of the…
