NASDAQ — Technology: Manufacturing, Consumer Electronics: Electronic Computers
www.apple.comKevan Parekh, Apple Inc.'s Senior Vice President and Chief Financial Officer since January 2025, will receive the first installment of his time-based restricted stock units (RSUs) on April 1, 2027. This vesting is part of a set of 36,767 RSUs awarded under Apple Inc.'s 2022 Employee Stock Plan. These RSUs are scheduled to vest in equal parts on April 1 of 2027, 2028, and 2029. The RSUs serve as an incentive in line with Apple's executive compensation framework. This event reflects Apple's compensation strategy for retaining key executives by aligning their interests with shareholders through equity-linked incentives.
Financial EventApple Inc. will witness the vesting of the second installment of time-based restricted stock units (RSUs) awarded to Kevan Parekh on April 1, 2028. Parekh, who became Apple’s Chief Financial Officer in January 2025, received these RSUs as part of the compensatory arrangements outlined by Apple's Board of Directors during the CFO transition. Alongside performance-based RSUs tied to Apple's shareholder return, the time-based RSUs vest in three equal installments, with April 2028 marking the middle installment. Such vesting events are part of the compensation strategy to align executive interests with shareholder objectives. Previously, Parekh's base salary was adjusted to $1 million, and he was made eligible for the Executive Cash Incentive Plan, emphasizing Apple's commitment to rewarding leadership performance. The vesting is a routine financial event reflecting compensation agreements and does not indicate any new strategic direction or financial impact for the company.
Financial EventKevan Parekh, Apple Inc.'s Senior Vice President and Chief Financial Officer, is set to receive the final installment of his time-based restricted stock units (RSUs) on April 1, 2029. This vesting is part of a compensation package under Apple's 2022 Employee Stock Plan. Parekh was awarded 36,767 time-based RSUs for fiscal year 2025, scheduled to vest in three equal installments, with the final one in 2029. These incentives are tied to his role and performance as CFO, a position he assumed on January 1, 2025, as part of a previously announced transition plan. There are no known material financial implications disclosed. Kevan Parekh's compensation structure reflects Apple's strategy to retain top executives through both performance and time-based incentives.
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