Apple chief executive Tim Cook was paid $102m (£76m) this year after collecting a huge share bonus linked to the company’s stock market performance.
Cook is also furnished with the use of a private jet for his ‘personal safety and security’, according to Apple’s regulatory filing.
His basic salary was $3 million (£2.2 million) and he got $9.3 million (£6.9 million) in bonuses up from $5.4 million (£4 million) last year.
A bonus of 560,000 shares paid out in September added $89 million (£66 million) to his earnings, causing them to jump 74% from last year, Apple disclosed in the filing.
Apple chief executive Tim Cook was paid $102m (£76m) this year after collecting a huge share bonus linked to the company’s stock market performance
The generous share award was part of a compensation package agreed when Mr Cook was appointed chief executive in 2011.
It was a 74 per cent increase in his annual bonus compared to last year.
The bumper award is linked to Apple’s share price performance versus its S&P 500 peers and comes after the company beat its annual sales and income targets.
The tech giant booked net sales and operating income for 2017 of $229.2 billion (£170 million) and $61.3 billion (£45.4 billion) respectively, while its share price rose 36.7 per cent in 2017.
Apple sold more than 46.6 million iPhone handsets in the last quarter, up from 45.5 in the comparable period in 2016.
The company also saw iPhone sales increase by 3 per cent, indicting a steady start for the iPhone 8, which went on sale in September.
Provided he remains CEO of the company, Cook will receive 560,000 shares of stock annually until 2020, writes The Guardian.
In 2021, he will get 1.26 million shares as part of his final payment in the original contract.
His private jet cost the company $93,000 (£69,000) for private holidays alone.
The regulatory filing released by the US firm read: ‘Our executive compensation programme is designed to reward performance in a simple and effective way.
‘It reflects the unparalleled size, scope, and success of Apple’s business and the importance of our executive officers operating as a high-performing team, while focusing on key measures of profitability and the creation of shareholder value.
Apple sold more than 46.6 million iPhone handsets in the last quarter, up from 45.5 in the comparable period in 2016 (stock image)
‘We believe the compensation paid to our named executive officers for 2017 appropriately reflects and rewards their contributions to our performance,’ the firm added.
Apple’s top five most senior employees were all paid around $24.2 million (£18 million) each.
Luca Maestri, chief financial officer; Angela Ahrendts, head of retail; Johny Srouji, head of hardware technology; Dan Riccio, head of hardware engineering; and Bruce Sewell, the outgoing general counsel, collected $20 million (£15 million) in share awards, cash bonuses of $3.1 million (£2.3 million) and basic pay of just over $1 million (£0.7 million).
It was not disclosed how much the UK chief design officer, Jony Ive, was paid.