Apple (AAPL) SVP/CFO Kevan Parekh Receives Award

What Happened
Kevan Parekh, Senior Vice President and CFO of Apple, was granted two restricted stock unit (RSU) awards on 2026-09-27: 47,645 RSUs and an additional 47,645 RSUs (95,290 RSUs total). Each award was granted at $0 (derivative award), meaning these are compensation RSUs rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-27; Form 4 filed 2026-09-29 (appears timely).
• Grant details: two awards of 47,645 RSUs each (total 95,290 RSUs); grant price reported as $0 (derivative).
• Vesting / footnotes:
  • F1: Each RSU converts to one share at settlement.
  • F2: One award vests 12.5% on April 15, 2027, then 12.5% semi-annually over four years through Oct 15, 2030 (time-based RSUs).
  • F3: The other award is performance-based (target = 47,645 RSUs); scheduled to vest Oct 1, 2029 based on Apple’s relative total shareholder return over fiscal 2027–2029; actual payout may be 0%–200% of target.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Transaction type code: A = Award/Grant (derivative). No indication of 10b5-1 plan, tax withholding, or late filing in this excerpt.

Context
These RSUs are compensation awards that provide the right to receive shares in the future if vesting and any performance conditions are met. Time-based RSUs gradually convert to shares per the schedule; performance RSUs only convert if the specified TSR goals are met, potentially adjusting the payout between 0% and 200% of target. Awards are not the same as open-market purchases and should be read as executive compensation, not a direct buy/sell signal.