Apple (AAPL) Executive Chair Tim Cook Receives RSU Award

What Happened
Timothy D. Cook, Apple’s Executive Chair and Director, was granted two equity awards on September 27, 2026: 65,969 restricted stock units (RSUs) and a second award of 65,969 RSUs, for a total of 131,938 RSUs. Each RSU represents the right to receive one share of Apple common stock at settlement. The awards are reported as derivative grants with an acquisition price of $0.00 per unit (reported as transaction code “A” — Award/Grant).

Key Details

• Transaction date: 2026-09-27 (Form 4 filed 2026-09-29 — filing appears timely).
• Award amounts: 65,969 RSUs + 65,969 RSUs = 131,938 RSUs total. Reported acquisition price: $0.00 per unit (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: 1 RSU = right to receive 1 share at settlement.
  • F2: Time-based RSUs vest 12.5% on April 15, 2027, then 12.5% semi-annually through October 15, 2030, subject to award terms.
  • F3: Performance-based RSUs vest on October 1, 2029 (target number reported); actual payout may be 0%–200% of target based on Apple’s relative total shareholder return for fiscal years 2027–2029.
• No associated sale, purchase, or tax-withholding transaction is reported with these grants.

Context
RSUs are compensation awards that convert into shares only if and when vesting and/or performance conditions are met; they are not open-market purchases or sales and do not necessarily signal a near-term trading stance. The performance RSUs here are market-conditional (0%–200% of target), so the final number of shares issued could differ from the 65,969 target units reported for that award.