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Apple CEO Tim Cook gets modest 2012 compensation package after blowout 2011

  • Apple CEO Tim Cook Speaking FBN

     (Reuters)

  • Apple CEO Tim Cook Verizon iPhone

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  • Tim Cook AllThingsD 2.jpg

    May 29, 2012: Apple CEO Tim Cook talks to Kara Swisher and Walt Mossberg of The Wall Street Journal at the 10th D:All Things Digital conference in Rancho Palos Verdes, Calif. (Asa Mathat / All Things Digital)

  • Apple WWDC Tim Cook Preview.jpg

    March 7, 2012: Apple CEO Tim Cook announces a new iPad during an Apple announcement in San Francisco. Cook is expected to show off new iPhone software, updated Mac computers and provide more details on future releases of Mac software when he kicks off the company's annual conference for software developers on Monday, June 11, 2012. (AP Photo/Paul Sakuma)

Apple CEO Tim Cook got a relatively modest $4.2 million in pay for the latest fiscal year, after the company's board set him up with stock now worth $510 million for taking the reins in 2011.

Cook's pay for fiscal 2012, which ended in September, consisted of $1.4 million in salary, a bonus of $2.8 million, and $17,000 in company contributions to his 401(k) account and life insurance premiums, according to a filing.

Apple Inc.'s board saw no need to grant Cook additional shares in 2012 after the sign-on grant of 1 million shares in 2011. Half of those shares vest in 2016 and the other half in 2021.

Cook did vest into shares worth $140 million in 2012. Those shares were granted earlier, when he was chief operating officer.