Tim Cook took a pay cut in Apple's 2019 fiscal year but still made $125m

Apple spent $457,083 on Mr Cook’s security last year and $315,311 on personal air travel expenses

Apple chief executive Tim Cook high-fives fans during a college football game in the US. Mr Cook donated $2m worth of Apple shares to an undisclosed charity last week. AP

Apple chief executive Tim Cook made $125 million (Dh459m) in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus.

Mr Cook received a $3m salary, a $7.7m bonus and $884,466 in perks and other compensation in the latest period, the Cupertino, California-based technology giant said in a filing on Friday. The executive also had $113.5m worth of Apple stock vest.

That $125m in total compensation was down from the $136m Mr Cook made a year earlier. In that 2018 fiscal year, he got a $12m bonus, his largest ever. The bonus shrank in the latest period because Apple didn’t beat its sales and operating income targets by as much as the year before.

Mr Cook holds unvested Apple shares worth almost $400m, according to Apple’s filing. Mr Cook has amassed the majority of his stock through a 2011 equity award when he took over as chief executive from co-founder Steve Jobs.

Other Apple executives, including chief operating officer Jeff Williams, chief financial officer Luca Maestri and general counsel Kate Adams also saw their total compensation decline. All three executives saw their bonuses decline from $4m to $2.6m for the same reason as Mr Cook.

Apple spent $457,083 on Mr Cook’s security in 2019, another $315,311 on personal air travel expenses, the company said in its filing.

Mr Cook donated $2m worth of Apple shares to an undisclosed charity last week and has said he plans to eventually donate the majority of his fortune before he dies.