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According to Apple's filing with the U.S. Securities and Exchange Commission, Tim Cook was awarded 560,000 restricted stock units. The CEO was given these stocks as time and performance awards and they are worth roughly $57.5 million.
Until Cook didn't sell any vested restricted stock units. Senior Vice President Eddy Cue also received 350,000 restricted stock units and he also didn't sell any of his units. 290,836 and 171,853 shares from Cook and Cue respectively were withheld by Apple respectively to satisfy the minimum statutory tax withholding requirements on vesting of RSUs.
Cue transferred his remaining 178,147 shares that vested to a family trust, and he has now been awarded all 700,000 shares granted to him on September 2, 2011.
Source: AppleInsider
