Apple CEO John Ternus Receives RSU Awards

What Happened John Ternus, Apple Inc. (AAPL) Chief Executive Officer and Director, was granted two restricted stock unit (RSU) awards on September 27, 2026: 40,315 RSUs and 120,943 RSUs, for a total of 161,258 RSUs. The grants are reported as derivative awards with an acquisition price of $0.00 (typical for RSU grants). Each RSU represents the right to one share of common stock at settlement.

Key Details

• Transaction date: September 27, 2026; Form 4 filed September 29, 2026.
• Grants: 40,315 RSUs (time‑based) and 120,943 RSUs (performance‑based target units), total 161,258 RSUs.
• Price reported: $0.00 per RSU (award/grant, not a cash purchase).
• Vesting (per footnotes):
  • Time‑based RSUs (40,315): 12.5% vest April 15, 2027, then 12.5% semi‑annually over four years ending Oct 15, 2030 (subject to award terms).
  • Performance RSUs (120,943 target units): scheduled to vest Oct 1, 2029 based on relative total shareholder return for FY2027–FY2029; actual payout may range from 0% to 200% of target.
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Form 4 was filed two days after the transaction date (Form 4 is generally due within two business days).

Context These entries are grants of RSUs (derivative awards), not open‑market purchases or sales. Time‑based RSUs vest over multiple dates; performance RSUs depend on specified performance metrics and may result in more or fewer shares than the target. Such awards are standard executive compensation and do not represent an immediate cash transaction or sale of shares.