Apple Inc DEF 14A, filed Jan 8, 2026

Apple Inc. (AAPL)

DEF 14A 2026-01-08 For: 2026-02-24

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Added on June 12, 2026

About this DEF 14A

Apple Inc filed this DEF 14A on January 8, 2026.

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Notice of 2026 Annual Meeting of Shareholders		3
Message from our Chief Executive Officer		5
Proxy Statement Summary		7
2025 Business Highlights		8
Executive Compensation		9
Shareholder Engagement		9
Nominees to Apple’s Board of Directors		10
Progress Across our Values		11
Items of Business and Board Voting Recommendations		12
Corporate Governance		13
Our Corporate Governance Framework		14
Role of the Board of Directors		15
Board Independence		15
Board and Committee Structure		15
Board Oversight		17
Board Meetings and Attendance		20
Annual Board and Committee Self-Evaluations		20
Related Party Policy and Transactions		20
Business Conduct Policy		21
Communications with the Board		21
Directors		23
Board Composition and Evaluation of Candidates		24
Nominees for Election		25
Compensation of Directors		31

Executive Officers		33
Executive Compensation		35
Message from the People and Compensation Committee		37
Compensation Discussion and Analysis		38
People and Compensation Committee Report		51
Executive Compensation Tables		52
Management Proposals		63
Proposal No. 1 - Election of Directors		64
Proposal No. 2 - Ratification of Appointment of Independent Registered Public Accounting Firm		65
Proposal No. 3 - Advisory Vote to Approve Executive Compensation		67
Proposal No. 4 - Approval of the Apple Inc. Non-Employee Director Stock Plan, as Amended and Restated		68
Shareholder Proposals		73
Shareholder Proposals		74
Identification of Proponents		74
Vote Required		74
Proposal No. 5		75
Other Information		79
Audit and Finance Committee Report		80
Security Ownership of Certain Beneficial Owners and Management		81
Equity Compensation Plan Information		83
General Information		84
Annex A		A-1

Date and Time		Virtual Meeting Site		Who Can Vote
February 24, 2026 8:00 A.M. Pacific Time		www.virtualshareholdermeeting.com/AAPL2026		Shareholders of record at the close of business on January 2, 2026

1	Election of Directors: Wanda Austin, Tim Cook, Alex Gorsky, Andrea Jung, Art Levinson, Monica Lozano, Ron Sugar, and Sue Wagner	FOR
2	Ratification of Appointment of Independent Registered Public Accounting Firm	FOR
3	Advisory Vote to Approve Executive Compensation	FOR
4	Approval of the Apple Inc. Non-Employee Director Stock Plan, as Amended and Restated	FOR
5	Shareholder Proposal if properly presented	AGAINST

Business Highlights		Products and Services Innovation
● Achieved all-time revenue record for total company, iPhone, and Services ● Achieved 14% year-over-year Services revenue growth, surpassing $100B in revenue for the first time ● Reached all-time revenue records in the majority of markets we track, including many emerging markets, such as India, Latin America, and the Middle East ● Delivered company gross margin of 46.9%, an increase of 70 basis points year-over-year ● Achieved all-time diluted earnings per share record of $7.46 ● Reached new all-time highs in our installed base across all major product categories and geographic segments ● Reached all-time high in paid and transacting customer accounts across our Services ● Returned over $110B to shareholders		● Introduced our most powerful lineup of products ever, including iPhone 17, iPhone 17 Pro and Pro Max, and iPhone Air, Apple Watch Series 11 and Ultra 3, and AirPods Pro 3, and brought M5, the next big leap in AI performance for Apple silicon, to iPad Pro, MacBook Pro, and Vision Pro ● Introduced dozens of new features with Apple Intelligence that are powerful, intuitive, private, and deeply integrated into the things our customers do every day, including Visual Intelligence and Live Translation ● Introduced our broadest software design update ever with Liquid Glass, a beautiful new design that takes advantage of Apple’s powerful advances in hardware, silicon, and graphics technologies across platforms ● Continued to advance groundbreaking health features, introducing hypertension notifications on Apple Watch Series 9 and later models, developed using large-scale machine learning models ● Earned over 650 wins and 3,000 nominations in total for Apple TV productions to date, including 22 Emmy Award wins in 2025

Name	Occupation	Independent	Age	Director Since	Audit Committee	People and Compensation Committee	Nominating Committee

Art Levinson Board Chair	Founder and CEO, Calico		75	2000
Tim Cook	CEO, Apple		65	2011
Wanda Austin	Former President and CEO, The Aerospace Corporation		71	2024
Alex Gorsky	Former Chair and CEO, Johnson & Johnson		65	2021
Andrea Jung	President and CEO, Grameen America		67	2008
Monica Lozano	Former President and CEO, College Futures Foundation		69	2021
Ron Sugar	Former Chair and CEO, Northrop Grumman Corporation		77	2010
Sue Wagner	Co-founder and Director, BlackRock		64	2014
● Chair ● Member

Proposal		Board Recommendation	Page Reference
1	Election of Directors ● All of our directors are elected annually for a one-year term. ● Our Board is made up of directors with a broad range of skills and experiences to effectively address Apple’s evolving needs and represent the best interests of Apple’s shareholders.	FOR	64
2	Ratification of Appointment of Independent Registered Public Accounting Firm ● Ernst & Young LLP is an independent auditing firm with the required knowledge and experience to effectively audit Apple’s financial statements. ● Audit and non-audit services are pre-approved by the Audit and Finance Committee.	FOR	65
3	Advisory Vote to Approve Executive Compensation ● Our executive compensation program is designed to align pay with shareholder interests and company performance. ● The compensation paid to our named executive officers in 2025 reflects the strength of our annual financial results and stock price performance.	FOR	67
4	Approval of the Apple Inc. Non-Employee Director Stock Plan, as Amended and Restated ● Our Non-Employee Director Stock Plan is currently set to expire on November 13, 2027. ● The proposed amendment would extend the term of the Plan to February 23, 2036.	FOR	68
5	China Entanglement Audit ● The requested report is unnecessary given we already provide extensive information on our international operations. ● The proposal is highly prescriptive and attempts to inappropriately restrict Apple’s ability to manage its own ordinary business operations and business strategies.	AGAINST	75

One share equals one vote		We have a single class of shares with equal voting rights.
Annual director elections		All directors are elected annually for a one-year term.
Majority voting		We have a majority voting standard for uncontested elections of directors.
Separation of Chair and CEO roles		Our CEO is focused on managing Apple and our independent Chair drives accountability at the Board level.
Stock ownership guidelines		We have robust stock ownership guidelines for our directors and executive officers.
Shareholder engagement		We have a comprehensive year-round shareholder engagement program.
Access to management		Our Board has significant interaction with senior management and access to other employees.
Time commitment policy		The Nominating and Corporate Governance Committee annually reviews each director’s various time commitments.
Financial expertise		The Board has determined that each Audit and Finance Committee member qualifies as an “audit committee financial expert” as that term is defined under SEC rules.
Continuing education		Our Board regularly receives updates on ethics, compliance, and governance as well as emerging topics relevant to the evolving needs of the Company.
Succession planning		Our Board regularly reviews Board and executive succession planning.
Executive sessions		All quarterly Board and committee meetings include executive sessions during which no members of management are present.
Board, committee, and individual self-evaluations		Our Board, committees, and individual directors conduct annual performance self-evaluations led by our independent Chair, including one-on-one interviews.
Prohibitions on hedging, pledging, and other transactions		We prohibit short sales, transactions in derivatives, and hedging of Apple securities by directors, executive officers, and employees, and prohibit pledging of Apple securities by directors and executive officers.
Special meetings		Shareholders owning at least 10% of our outstanding shares have the right to call a special meeting of the shareholders.
Proxy access		Up to 20 shareholders owning at least 3% of our outstanding shares continuously for three years may nominate up to 20% of our Board.

Board and Executive Succession Planning		The Board regularly reviews Board and executive succession planning. The Board considers oversight of executive succession planning to be one of its most critical duties, and it is on the agenda for every regularly scheduled meeting of the Board. With respect to Board succession planning, the Board regularly evaluates its composition in the context of Apple’s long-term strategic goals and monitors the Board’s mix of skills, backgrounds, and experiences to help ensure that the Board is well-equipped to perform its oversight function effectively. The Nominating Committee is responsible for coordinating and overseeing the annual Board evaluation process, which includes reviewing the skills and qualifications of individual directors, as well as reviewing the Board’s structure as a whole to determine if the Board and its committees are functioning effectively.
People and Teams		The Board oversees matters related to our people and teams, including with respect to inclusion and diversity, culture and employee engagement, talent recruitment, development, and retention, and has allocated direct responsibilities for this area of oversight to the People and Compensation Committee. Additionally, Apple’s People and Compensation Committee oversees risks related to Apple’s compensation programs. Each year, the People and Compensation Committee evaluates whether the design and operation of Apple’s compensation programs or policies encourage our executive officers or our employees to take unnecessary or excessive risks. In establishing and reviewing Apple’s compensation programs for risk, the People and Compensation Committee considers program features that mitigate potential risks for our executive officers, such as fixed base salaries; goals that are tied to specific company financial measures and payout caps for the annual cash incentive program; clawbacks for our cash and equity incentives; the quantity and mix of long-term performance-based and time-based equity incentives; and stock ownership requirements. The People and Compensation Committee also generally considers the program features that mitigate potential risks for our non-executive officer employees. In its annual review, the People and Compensation Committee concluded that Apple’s executive compensation programs and policies continue to provide an effective and appropriate mix of incentives to help ensure performance is focused on long-term shareholder value creation, and do not encourage short-term risk taking at the expense of long-term results or create risks that are reasonably likely to have a material adverse effect on Apple.

Compliance and Business Conduct		The Audit Committee regularly reviews and discusses with management Apple’s compliance and business conduct programs, including through updates on competition, privacy, political compliance, and other legal and regulatory risks. Apple’s full Board also receives regular updates on legal and regulatory developments, including updates on legislative developments, government investigations, litigation, and other legal proceedings.

Privacy and Data Security		The Audit Committee regularly reviews and discusses with management Apple’s privacy and data security risks. The Audit Committee receives regular updates from management, including Apple’s Head of Corporate Information Security. Additionally, the Audit Committee reviews updates on privacy and data security matters from Apple’s General Counsel, Chief Compliance Officer, and the heads of Business Assurance and Internal Audit. Apple also has a management Privacy Steering Committee chaired by Apple’s General Counsel, with members including Apple’s Senior Vice President of Software Engineering, Apple’s Senior Vice President, Services, and a cross-functional group of senior representatives from Privacy Engineering, Product Marketing, Corporate Communications, and Privacy Legal. The Privacy Steering Committee sets privacy standards for teams across Apple and acts as an escalation point for addressing privacy compliance issues for decision or further escalation.
Online Safety		The Board reviews regular updates from management relating to online safety. These updates cover a range of topics, including updates on regulatory and enforcement issues and on features designed to help keep users safe online. Apple also has a management Online Safety Steering Committee chaired by Apple’s General Counsel, with members including senior leaders from Software Engineering, Child Safety Engineering, Trust & Safety, and Product Marketing. The committee meets regularly and oversees online safety issues across Apple, including those affecting children.
Artificial Intelligence		Apple’s full Board directly oversees corporate and product strategy and receives regular updates on emerging technologies, including artificial intelligence. These updates cover a broad range of matters, such as strategy, investments, partnerships, regulation, and risks. The Audit Committee assists the Board in its oversight of privacy-related artificial intelligence matters, as well as legal and regulatory risks related to artificial intelligence. The Company has published Responsible AI principles, which aim to guide how the Company develops artificial intelligence tools, as well as the models that underpin them. The principles are available at: machinelearning.apple.com/research/introducing-apple-foundation-models.

Human Rights		The Board has adopted a human rights policy for Apple — Our Commitment to Human Rights. The policy governs how we treat everyone, including our customers and teams, business partners and communities, and people at every level of our supply chain. In line with Apple’s Human Rights Policy, which is based on the United Nations Guiding Principles, Apple identifies salient human rights risks through risk assessments and through channels we maintain with stakeholders. Apple works to mitigate any risks identified, and seeks to remedy adverse impacts, track and measure progress, and report findings. Additionally, the policy requires Apple to maintain active communication channels with rights holders and other stakeholders. The Board and its committees are responsible for overseeing and periodically reviewing our Human Rights Policy. Apple’s General Counsel is responsible for its ongoing implementation, and reports to the Board and its committees on any significant issues identified during the diligence process and Apple’s progress.
Environment and Climate		The Board and its committees review and discuss updates on environmental matters with senior management responsible for the development, review, and execution of plans designed to minimize Apple’s impact on the environment. These reports include updates on Apple’s progress towards environmental and climate goals and the environmental impact of our products and operations. Apple reports publicly on its efforts and progress across its environmental initiatives through an annual Environmental Progress Report.
Supply Chain		The Board and its committees review and discuss with management reports regarding Apple’s supply chain and operations. These include updates from Apple’s Chief Operating Officer on Apple’s supply chain management. Apple reports publicly on its efforts and progress in the critical work of protecting people and the planet across its supply chain through an annual People and Environment in Our Supply Chain progress report.

●	The nature and extent of the related person’s interest in the transaction;
●	The approximate dollar value involved in the transaction;
●	The approximate dollar value of the related person’s interest in the transaction without regard to the amount of any profit or loss;
●	Whether the transaction was undertaken in the ordinary course of Apple’s business;
●	The material terms of the transaction, including whether the transaction with the related person is proposed to be, or was entered into, on terms no less favorable to Apple than terms that could have been reached with an unrelated third party;

●	The business purpose of, and the potential benefits to Apple of, the transaction;
●	Whether the transaction would impair the independence of a non-employee director;
●	Required public disclosure, if any; and
●	Any other information regarding the transaction or the related person in the context of the proposed transaction that would be material to the Audit Committee’s decision, in its business judgment, in light of the circumstances of the particular transaction.

Art Levinson Chair of the Board Director since 2000 People and Compensation Committee		Key Skills and Qualifications Art Levinson brings to the Board executive leadership experience, including through his service as a chairman and chief executive officer of a large international public company, along with extensive financial expertise and brand marketing experience. Through his experiences at biotechnology and pharmaceutical companies, he also brings significant expertise in the health sector and technology and innovation. Career Highlights Dr. Levinson, 75, has served as the Chief Executive Officer of Calico, a company focused on health, aging, and well-being, since September 2013. Dr. Levinson previously served as Chief Executive Officer of Genentech, Inc., a medical drug developer, from July 1995 to April 2009, and served as Genentech’s Chairman from September 1999 to September 2014. Dr. Levinson also serves on the Board of Directors of the Broad Institute of MIT and Harvard and on the Board of Scientific Consultants at the Memorial Sloan Kettering Cancer Center. Dr. Levinson was awarded the National Medal of Technology and Innovation, the nation’s highest honor for achievement and leadership in advancing the fields of science and technology, and the Biotechnology Heritage Award from the Biotechnology Industry Organization and the Chemical Heritage Foundation. Dr. Levinson has been inducted into the Biotech Hall of Fame. Other Public Company Boards: None


Tim Cook Chief Executive Officer Director since 2011		Key Skills and Qualifications Tim Cook brings to the Board extensive executive leadership experience in the technology industry, including the management of worldwide operations, sales, service, and support. Career Highlights Mr. Cook, 65, has served as Apple’s Chief Executive Officer since 2011, having previously served as Apple’s Chief Operating Officer from October 2005. Mr. Cook joined Apple in March 1998 and served as Executive Vice President, Worldwide Sales and Operations from February 2002 to October 2005. From October 2000 to February 2002, Mr. Cook served as Senior Vice President, Worldwide Operations, Sales, Service and Support. From March 1998 to October 2000, Mr. Cook served as Senior Vice President, Worldwide Operations. Mr. Cook serves on the Board of Directors of The National Football Foundation & College Hall of Fame, Inc., the Board of Trustees of Duke University, and on the Leadership Council for the Malala Fund, an international non-profit organization that advocates for girls’ education. Other Public Company Boards: Current: NIKE, Inc.

	Net Sales ($B)			Operating Income ($B)


Achievements and Milestones


Shareholder Engagement

Wanda Austin Director since 2024 Audit Committee		Key Skills and Qualifications Wanda Austin brings to the Board executive leadership experience through her service as president and chief executive officer of a large research and development organization, significant expertise in advanced technology and innovation, experience with environment, cybersecurity, and public policy, and a global business perspective from her service on other boards. Career Highlights Dr. Austin, 71, is the retired President and Chief Executive Officer of The Aerospace Corporation, an independent, non-profit organization performing objective technical analyses and assessments for a variety of government, civil, and commercial customers, operating the only federally funded research and development center committed exclusively to the space enterprise. Dr. Austin served in this role from January 2008 until October 2016. Dr. Austin joined The Aerospace Corporation in 1979, serving in various positions of increasing responsibility. Dr. Austin is also a Member of the National Academy of Engineering and is a co-founder of MakingSpace, Inc., a leadership and science, technology, engineering, and mathematics (STEM) consulting firm. Dr. Austin was the Interim President of the University of Southern California from 2018 to 2019 and has served on the American Energy Innovation Council since 2017. Dr. Austin also served on the Defense Policy Board from 2017 to 2019, the President’s Council of Advisors on Science and Technology from 2015 to 2017, the Defense Science Board from 2009 to 2017, and the NASA Advisory Council from 2005 to 2007 and 2014 to 2016. Other Public Company Boards: Current: Amgen Inc.; Chevron Corporation Within Last Five Years: Virgin Galactic Holdings, Inc.




Alex Gorsky Director since 2021 Nominating Committee People and Compensation Committee		Key Skills and Qualifications Alex Gorsky brings to the Board executive leadership experience, as well as brand marketing expertise and extensive experience in the fields of health and technology through his service as a chairman and chief executive officer of a large international public company. Career Highlights Mr. Gorsky, 65, is the retired Chief Executive Officer and Executive Chairman of Johnson & Johnson, a global healthcare products company. Mr. Gorsky served as Executive Chairman from January 2022 to January 2023, having previously served as CEO from April 2012 and Chair of the Board from December 2012. Mr. Gorsky joined Johnson & Johnson in 1988, serving in various positions of increasing responsibility. In 2004, Mr. Gorsky left Johnson & Johnson to join Novartis Pharmaceuticals Corporation, where he served as head of its pharmaceutical business in North America, before returning to Johnson & Johnson in 2008. Mr. Gorsky is the co-founder of Alderline Group and a General Partner at ICONIQ Capital. Mr. Gorsky serves on the boards of the Travis Manion Foundation, a non-profit organization that empowers veterans to develop character in future generations, and The Cleveland Clinic. Mr. Gorsky also serves on the Board of Advisors at the Wharton School. Mr. Gorsky is the recipient of the Robert F. Kennedy Human Rights Ripple of Hope Award, and the Prix Galien Roy Vagelos Pro Bono Humanum Award. Other Public Company Boards: Current: International Business Machines Corporation; JPMorgan Chase & Co. Within Last Five Years: Johnson & Johnson

Name	Fees Earned or Paid in Cash ($)			Stock Awards ($)⁽¹⁾		All Other Compensation ($)⁽²⁾		Total ($)
Wanda Austin		100,000			310,035		2,815		412,850
Alex Gorsky		100,000			310,035		6,457		416,492
Andrea Jung		140,000			310,035		7,985		458,020
Art Levinson		275,000			274,956		7,275		557,231
Monica Lozano		100,000	⁽³⁾		310,035		2,921		412,956
Ron Sugar		145,000			310,035		16,248		471,283
Sue Wagner		135,000			310,035		338		445,373

(1)	In accordance with SEC rules, the amounts shown reflect the aggregate grant date fair value of RSUs granted to Non-Employee Directors during 2025, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC 718”). The grant date fair value for RSUs is measured based on the closing price of Apple’s common stock on the date of grant. Each Non-Employee Director serving on the Board on February 25, 2025, received an Annual Director Award with a grant date fair value for each RSU of $247.04. Dr. Levinson received an Annual Director Award of 1,113 RSUs and each other Non-Employee Director received an Annual Director Award of 1,255 RSUs. As of September 27, 2025, Dr. Levinson held 1,113 unvested RSUs and each other Non-Employee Director held 1,255 unvested RSUs.
(2)	The amounts shown reflect the value of one or more products received under the Board’s equipment program during the fiscal year. The amounts also include matching charitable contributions under Apple’s matching gifts program of $10,000 for Dr. Sugar and $5,479 for Ms. Jung.
(3)	Ms. Lozano deferred $750.00 of her 2025 fees into the Deferred Compensation Plan in 2025.

Prohibition on hedging, pledging, and short sales		We prohibit short sales, transactions in derivatives, hedging, and pledging of Apple securities by our named executive officers.
Stock ownership guidelines		We have robust stock ownership guidelines for our named executive officers, including a ten times annual base salary requirement for our CEO.
Compensation recoupment policies		We have a policy for the recovery of any erroneously awarded performance-based incentive compensation, as required under Section 10D-1 of the Exchange Act and Nasdaq listing standards. In addition, we maintain a discretionary recoupment policy applicable to our named executive officers and our broader executive team that allows for recovery of annual cash incentives, time and performance-based equity awards, or other amounts that may be paid with respect to awards in certain events, including for certain acts of misconduct by our named executive officers.
No repricing		We do not allow repricing of stock options without shareholder approval.
Limited perquisites		We provide limited perquisites to our named executive officers. For example, for security and efficiency purposes, Mr. Cook is provided personal security protection and is required by the Board to use private aircraft for all business and personal travel.
No tax gross-ups on perquisites		We do not provide tax gross-ups for the limited perquisites provided to our named executive officers.
No change of control payments		We do not provide change of control payments or gross-ups of related excise taxes.
Vesting requirements for dividend equivalents		Dividend equivalents will not be paid unless and until the vesting and performance conditions for the underlying equity award are met.
At-will employment		Our named executive officers do not have employment contracts and are employed at will.
No pension or other supplemental benefits		We do not provide pension, supplemental executive health, or insurance benefits.
Annual compensation risk assessment		The People and Compensation Committee oversees an annual risk assessment of our compensation program.
Independent compensation consultant		The People and Compensation Committee directly retains an independent compensation consultant that performs no services for Apple other than services for the People and Compensation Committee.

●	Managing Apple for the long term
●	Aligning pay with performance
●	Retaining exceptional, values-driven leaders
●	Considering shareholder interests and feedback
●	Maintaining Apple’s unique team-based approach

		2025 Primary Peer Group

Alphabet	Cisco	Mastercard	NVIDIA	Verizon
Amazon	Comcast	Meta	Oracle	Visa
AT&T	Disney	Microsoft	Qualcomm	Warner Bros. Discovery
Broadcom	Intel	Netflix	Salesforce

Relative TSR Percentile v. S&P 500 Companies	Performance-Based RSUs Vesting as a Percentage of Target
85th Percentile or Above	200%
55th Percentile	100%
25th Percentile	25%
Below 25th	0%

Named Executive Officer	Target Performance-Based RSU Value
Tim Cook	$37,500,000
Kevan Parekh	$8,375,000
Kate Adams	$10,000,000
Sabih Khan	$10,000,000
Luca Maestri	$2,500,000
Deirdre O’Brien	$10,000,000

	Relative TSR Percentile Ranking for Three-Year Performance Period	TSR Results for Three-Year Performance Period
Apple	81.20th Percentile	57.88%
S&P 500 Companies	85th Percentile	65.57%
	55th Percentile	20.99%
	25th Percentile	-9.41%
	Below 25th	< -9.41%

Named Executive Officer	Target Time-Based RSU Value
Tim Cook	$12,500,000
Kevan Parekh	$8,375,000
Kate Adams	$10,000,000
Sabih Khan	$10,000,000
Luca Maestri	$2,500,000
Luca Maestri	$7,500,000
Deirdre O’Brien	$10,000,000

Name and Principal Position	Year	Salary ($)	Stock Awards⁽¹⁾ ($)	Non-Equity Incentive Plan Compensation⁽²⁾ ($)	All Other Compensation ($)		Total ($)
Tim Cook Chief Executive Officer	2025	3,000,000	57,535,293	12,000,000	1,759,518	⁽³⁾⁽⁴⁾	74,294,811
	2024	3,000,000	58,088,946	12,000,000	1,520,856		74,609,802
	2023	3,000,000	46,970,283	10,713,450	2,526,112		63,209,845
Kevan Parekh Senior Vice President, Chief Financial Officer	2025	891,519	18,433,135	3,120,317	22,338	⁽⁴⁾⁽⁵⁾	22,467,309
Kate Adams Senior Vice President, General Counsel and Secretary	2025	1,000,000	22,009,766	4,000,000	22,482	⁽⁴⁾⁽⁶⁾	27,032,248
	2024	1,000,000	22,157,075	4,000,000	22,182		27,179,257
	2023	1,000,000	22,323,641	3,571,150	46,914		26,941,705
Sabih Khan Senior Vice President, Chief Operating Officer	2025	1,000,000	22,009,766	4,000,000	21,905	⁽⁴⁾⁽⁷⁾	27,031,671
Luca Maestri Former Senior Vice President, Chief Financial Officer	2025	819,231	13,003,031	1,638,462	22,204	⁽⁴⁾⁽⁸⁾	15,482,928
	2024	1,000,000	22,157,075	4,000,000	22,182		27,179,257
	2023	1,000,000	22,323,641	3,571,150	41,092		26,935,883
Deirdre O’Brien Senior Vice President, Retail + People	2025	1,000,000	22,009,766	4,000,000	37,867	⁽⁴⁾⁽⁹⁾	27,047,633
	2024	1,000,000	22,157,075	4,000,000	22,182		27,179,257
	2023	1,000,000	22,323,641	3,571,150	42,219		26,937,010

(3)	This amount represents: (i) Apple’s contributions to Mr. Cook’s account under the 401(k) plan in the amount of $21,000; (ii) term life insurance premiums paid by Apple in the amount of $2,964; (iii) vacation cash-out in the amount of $57,692; (iv) security expenses in the amount of $887,870 which represents the incremental cost to Apple for personal security services provided to Mr. Cook as determined by allocating both direct costs and a percentage of fixed costs incurred by Apple and used to provide such personal security services; and (v) personal air travel expenses in the amount of $789,991, which represent the incremental cost to Apple for Mr. Cook’s personal use of private aircraft based on hourly flight charges and other variable costs incurred by Apple for such use, including variable fuel charges, departure fees, and landing fees. For security and efficiency reasons, the Board requires Mr. Cook to use private aircraft for all business and personal travel.
(4)	As noted in the “Other Compensation and Benefits” section of the CD&A, certain benefits included in this column as “All Other Compensation,” including matching contributions under the 401(k) plan, term life insurance, and vacation cash-out, are available to all U.S. employees of Apple on the same terms.
(5)	This amount represents (i) Apple’s contributions to Mr. Parekh’s account under the 401(k) plan in the amount of $21,000; and (ii) term life insurance premiums paid by Apple in the amount of $1,338.
(6)	This amount represents: (i) Apple’s contributions to Ms. Adams’ account under the 401(k) plan in the amount of $21,000; and (ii) term life insurance premiums paid by Apple in the amount of $1,482.
(7)	This amount represents: (i) Apple’s contributions to Mr. Khan’s account under the 401(k) plan in the amount of $20,423; and (ii) term life insurance premiums paid by Apple in the amount of $1,482.
(8)	This amount represents: (i) Apple’s contributions to Mr. Maestri’s account under the 401(k) plan in the amount of $21,000; and (ii) term life insurance premiums paid by Apple in the amount of $1,204.
(9)	This amount represents: (i) Apple’s contributions to Ms. O’Brien’s account under the 401(k) plan in the amount of $21,000; (ii) term life insurance premiums paid by Apple in the amount of $1,482; and (iii) vacation cash-out in the amount of $15,385.

			Estimated Future Payouts Under Non-Equity Incentive Plan Awards			Estimated Future Payouts Under Equity Incentive Plan Awards			All Other Stock Awards: Number of Shares of Stock or Units (#)	Grant Date Fair Value of Stock Awards⁽¹⁾ ($)
Name	Award Type	Grant Date	Threshold ($)	Target ($)	Maximum ($)	Threshold (#)	Target (#)	Maximum (#)		Grant Date Fair Value of Stock Awards⁽¹⁾ ($)
Tim Cook	Cash Incentive	—	3,000,000	6,000,000	12,000,000	—	—	—	—	—
	Performance- based RSUs	09/29/2024	—	—	—	41,157	164,626	329,252	—	45,035,089
	Time-based RSUs	09/29/2024	—	—	—	—	—	—	54,876	12,500,204
Kevan Parekh	Cash Incentive	—	780,079	1,560,158	3,120,317	—	—	—	—	—
	Performance-based RSUs	09/29/2024	—	—	—	9,192	36,767	73,534	—	10,057,981
	Time-based RSUs	09/29/2024	—	—	—	—	—	—	36,767	8,375,155
Kate Adams	Cash Incentive	—	1,000,000	2,000,000	4,000,000	—	—	—	—	—
	Performance- based RSUs	09/29/2024	—	—	—	10,975	43,901	87,802	—	12,009,558
	Time-based RSUs	09/29/2024	—	—	—	—	—	—	43,901	10,000,209
Sabih Khan	Cash Incentive	—	1,000,000	2,000,000	4,000,000	—	—	—	—	—
	Performance-based RSUs	09/29/2024	—	—	—	10,975	43,901	87,802	—	12,009,558
	Time-based RSUs	09/29/2024	—	—	—	—	—	—	43,901	10,000,209
Luca Maestri	Cash Incentive	—	409,616	819,231	1,638,462	—	—	—	—	—
	Performance-based RSUs	09/29/2024	—	—	—	2,744	10,976	21,952	—	3,002,595
	Time-based RSUs	09/29/2024	—	—	—	—	—	—	43,902	10,000,437
Deirdre O’Brien	Cash Incentive	—	1,000,000	2,000,000	4,000,000	—	—	—	—	—
	Performance- based RSUs	09/29/2024	—	—	—	10,975	43,901	87,802	—	12,009,558
	Time-based RSUs	09/29/2024	—	—	—	—	—	—	43,901	10,000,209

		Assumptions
Grant Date	Performance Period End Date		Expected Term (years)	Expected Volatility	Risk-Free Interest Rate
09/29/2024	9/25/2027		2.99	27.49%	3.46%

	Stock Awards
Name	Number of Shares Acquired on Vesting (#)	Value Realized on Vesting ($)⁽¹⁾
Tim Cook	695,869	158,898,772
Kevan Parekh	40,152	8,965,991
Kate Adams	201,817	46,039,611
Sabih Khan	201,817	46,039,611
Luca Maestri	205,933	46,873,677
Deirdre O’Brien	201,817	46,039,611

Name	Grant Date	Number of Shares or Units of Stock That Have Not Vested (#)		Market Value of Shares or Units of Stock That Have Not Vested⁽¹⁾ ($)	Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)		Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested⁽¹⁾ ($)
Tim Cook	9/26/2021	85,080	⁽²⁾	21,734,537	—		—
	9/25/2022	44,318	⁽³⁾	11,321,476	199,429	⁽⁴⁾	50,946,132
	10/01/2023	73,010	⁽⁵⁾	18,651,135	219,030	⁽⁵⁾⁽⁶⁾	55,953,404
	09/29/2024	54,876	⁽⁷⁾	14,018,623	164,626	⁽⁶⁾⁽⁷⁾	42,055,358
Kevan Parekh	9/26/2021	5,530	⁽⁸⁾	1,412,694	—		—
	9/25/2022	17,449	⁽⁹⁾	4,457,522	—		—
	10/01/2023	25,553	⁽¹⁰⁾	6,527,769	—		—
	09/29/2024	36,767	⁽⁷⁾	9,392,498	36,767	⁽⁶⁾⁽⁷⁾	9,392,498
Kate Adams	9/26/2021	22,688	⁽¹¹⁾	5,795,876	—		—
	9/25/2022	44,318	⁽¹²⁾	11,321,476	66,477	⁽¹³⁾	16,982,214
	10/01/2023	58,408	⁽⁵⁾	14,920,908	58,408	⁽⁵⁾⁽⁶⁾	14,920,908
	09/29/2024	43,901	⁽⁷⁾	11,214,949	43,901	⁽⁶⁾⁽⁷⁾	11,214,949
Sabih Khan	9/26/2021	22,688	⁽¹¹⁾	5,795,876	—		—
	9/25/2022	44,318	⁽¹²⁾	11,321,476	66,477	⁽¹³⁾	16,982,214
	10/01/2023	58,408	⁽⁵⁾	14,920,908	58,408	⁽⁵⁾⁽⁶⁾	14,920,908
	09/29/2024	43,901	⁽⁷⁾	11,214,949	43,901	⁽⁶⁾⁽⁷⁾	11,214,949
Luca Maestri	9/26/2021	22,688	⁽¹¹⁾	5,795,876	—		—
	9/25/2022	44,318	⁽¹²⁾	11,321,476	66,477	⁽¹³⁾	16,982,214
	10/01/2023	58,408	⁽⁵⁾	14,920,908	58,408	⁽⁵⁾⁽⁶⁾	14,920,908
	09/29/2024	10,976	⁽⁷⁾	2,803,929	10,976	⁽⁶⁾⁽⁷⁾	2,803,929
	09/29/2024	28,810	⁽¹⁴⁾	7,359,803	—		—
Deirdre O’Brien	9/26/2021	22,688	⁽¹¹⁾	5,795,876	—		—
	9/25/2022	44,318	⁽¹²⁾	11,321,476	66,477	⁽¹³⁾	16,982,214
	10/01/2023	58,408	⁽⁵⁾	14,920,908	58,408	⁽⁵⁾⁽⁶⁾	14,920,908
	09/29/2024	43,901	⁽⁷⁾	11,214,949	43,901	⁽⁶⁾⁽⁷⁾	11,214,949

(1)	The dollar amounts shown in these columns are determined by multiplying the number of shares or units shown in the preceding column by $255.46, the closing price of Apple’s common stock on September 26, 2025, the last trading day of Apple’s fiscal year.
(2)	Subject to the terms of the award agreement, the remaining 85,080 time-based RSUs are scheduled be released on April 1, 2026.
(3)	22,159 time-based RSUs subject to this award were released on April 1, 2025, and subject to the terms of the award agreement, the remainder of the RSUs are scheduled to be released in two annual installments of 22,159, commencing on April 1, 2026.
(4)	139% of the 199,429 target number of performance-based RSUs subject to this award (totalling 277,206 performance-based RSUs) vested on October 1, 2025, based on Apple’s Relative TSR over the relevant performance period.
(5)	Subject to the terms of the award agreement, the time-based RSUs subject to this award are scheduled to vest and/or be released in three annual installments commencing on April 1, 2026. Subject to the terms of the award agreement, the performance-based RSUs subject to this award are scheduled to vest on October 1, 2026, provided the applicable performance condition is satisfied.
(6)	The target number of performance-based RSUs is shown. As described under “Executive Compensation—Compensation Discussion and Analysis,” in each case, between 0% and 200% of the target number of performance-based RSUs may vest depending on Apple’s Relative TSR over the relevant performance period.
(7)	Subject to the terms of the award agreement, the time-based RSUs subject to this award are scheduled to vest and/or be released in three annual installments commencing on April 1, 2027. Subject to the terms of the award agreement, the performance-based RSUs subject to this award are scheduled to vest on October 1, 2027, provided the applicable performance condition is satisfied.
(8)	The remaining 5,530 time-based RSUs subject to this award vested and were released on October 15, 2025.
(9)	5,816 time-based RSUs subject to this award vested and were released on October 15, 2025 and subject to the terms of the award agreement, 5,817 RSUs are scheduled to vest on April 15, 2026 and 5,816 RSUs are scheduled to vest on October 15, 2026.
(10)	5,111 time-based RSUs vested and were released on October 15, 2025 and subject to the terms of the award agreement, the remainder of the RSUs are scheduled to vest in four semi-annual installments commencing on April 15, 2026.
(11)	Subject to the terms of the award agreement, the remaining 22,688 time-based RSUs are scheduled to vest on April 1, 2026.
(12)	22,159 time-based RSUs subject to this award vested on April 1, 2025, and subject to the terms of the award agreement, the remainder of the RSUs are scheduled to vest in two annual installments of 22,159, commencing on April 1, 2026.
(13)	139% of the 66,477 target number of performance-based RSUs subject to this award (totalling 92,403 performance-based RSUs) vested on October 1, 2025, based on Apple’s Relative TSR over the relevant performance period.
(14)	4,116 time-based RSUs vested and were released on October 15, 2025 and subject to the terms of the award agreement, the remainder of the RSUs are scheduled to vest in six semi-annual installments commencing on April 15, 2026.

Name	Executive Contributions ($)	Apple Contributions ($)	Aggregate Earnings ($)	Aggregate Withdrawals/ Distributions ($)	Aggregate Balance at September 27, 2025 ($)
Tim Cook	1,624,038⁽¹⁾	—	202,660	—	2,083,918⁽³⁾
Kate Adams	2,400,000⁽²⁾	—	1,226,962	—	14,497,897⁽³⁾

(1)	Reflects $424,038 of Mr. Cook’s base salary for 2025 and $1,200,000 of Mr. Cook’s annual cash incentive payout for 2024 deferred and contributed to the Deferred Compensation Plan. These payments are reflected in the “Salary” and “Non-Equity Incentive Plan Compensation” columns of the “Summary Compensation Table—2025, 2024, and 2023” under 2024 and 2025, the years they would have been paid or earned.
(2)	Reflects the portion of Ms. Adams’ annual cash incentive payout for 2024 deferred and contributed to the Deferred Compensation Plan. The payout is reflected in the “Non-Equity Incentive Plan Compensation” column of the “Summary Compensation Table—2025, 2024, and 2023,” under 2024, the year it was earned.
(3)	The aggregate balance includes $1,436,538 for Mr. Cook and $11,489,225 for Ms. Adams of compensation reported in the “Summary Compensation Table” in prior years.

Name	Estimated Total Value upon Retirement⁽¹⁾ ($)	Estimated Total Value upon Death⁽¹⁾ ($)	Estimated Total Value upon Disability⁽¹⁾ ($)
Tim Cook	256,459,589	366,679,154	366,679,154
Kevan Parekh	—	28,175,626	11,357,950
Kate Adams	—	105,569,664	73,177,450
Sabih Khan	—	105,569,664	73,177,450
Luca Maestri	—	98,940,938	67,449,336
Deirdre O’Brien		105,569,664	73,177,450