The iPhone maker's CEO received company stock worth $89 million last week after hitting a key performance target, according to a regulatory filing Monday. Because Apple outperformed more than two-thirds of the companies in the index over the past three years, Cook received the full payout, the filing said. The huge stock grant the tech company gave Cook in 2011 was valued at around $380 million at the time. But Apple's share price gains since then mean the nearly 3 million shares that are yet to vest are worth about $484 million at current prices. Cook also currently holds Apple shares worth about $145 million, according to the filing.

Source: CNN August 29, 2017 04:30 UTC