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Apple Gives New SVP Retail Angela Ahrendts $68 Million in Restricted Stock Units

Posted May 6, 2014 at 2:59pm by iClarified · 6789 views
Apple has given its new SVP Retail and Online Stores Angela Ahrendts 113,334 restricted stock units, valued at $68.1 million based on yesterday's closing share price, reports Reuters.

Angela Ahrendts, a senior vice president and the highest-ranking woman executive at the company, will receive the shares spread over several different vesting periods between June 1, 2014 and June 14, 2018. Ahrendts is the first woman to join Apple's executive team in nearly a decade and will take on an expanded role, overseeing its vast network of stores that employs about 42,400 people and online teams.

Ahrendts officially started working at Apple last week and was added to Apple's leadership page on May 2nd.

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