By Ben Fox Rubin
Apple Inc. (AAPL) Chief Executive Timothy Cook, who topped the list of highest-paid CEOs last year, received significantly less for 2012, taking home just $4.2 million in total compensation, according to a Securities and Exchange Commission filing.
Mr. Cook's pay package for 2011, when he was named Apple chief executive, was about $378 million. Nearly all of the pay stemmed from a grant of one million shares of restricted stock, based on Apple's stock price at the time. His 2011 compensation is the highest recorded in The Wall Street Journal's annual CEO pay survey since at least 2006.
While Mr. Cook's salary rose to $1.4 million from $900,000 last year, he received no stock awards in 2012, resulting in the much-smaller pay package.
Meanwhile, Chief Financial Officer Peter Oppenheimer's compensation ballooned to $68.6 million from $1.4 million last year, as his pay package included $66.2 million in stock awards.
Robert Mansfield, the company's hardware chief, received compensation of $85.5 million this year, nearly all of it from stock awards. Earlier this year, Mr. Cook coaxed Mr. Mansfield out of retirement amid a big executive shake-up, people familiar with Apple's hardware group have said.
Apple's shares were down 0.8% at $509.10 in recent trading. The stock is up 26% so far this year.
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