Apple Inc. (AAPL) awards Angela Ahrendts with $68M in stock options
Angela Ahrendts, the new VP of Retail at Apple Inc. (NASDAQ:AAPL), has been awarded $68 million in stock options. As part of a signing bonus, Ahrendts received 113,334 restricted stock units that will vest at several different periods between 2014 and 2018. Yesterday, Apple’s shares closed at $600.96, which gives a value of $68.1 million for the shares. Apple announced the hiring of Ahrendts in October 2013. Ahrendts did not join Apple until last week. She used to be the CEO of clothing company, Burberry.