Apple’s New Hardware Chief Johny Srouji Awarded Nearly $10 Million in Stock

Apple’s newly promoted Senior Vice President of Hardware Technologies Johny Srouji was awarded 90,270 restricted stock units on October 5, 2015, according to a recent filing with the U.S. Securities and Exchange Commission. The RSUs awarded vest 12.5% in semi-annual installments over a four year period ending October 2019.

Srouji now has a total of 217,305 RSUs and 101,881 common stock units, which together amount to just over $34 million at AAPL’s current trading price of around $107 per share. The latest batch of 90,270 RSUs are currently valued at approximately $9.6 million.

Apple often rewards high-level executives with RSUs based on their performance. In August, for example, Apple CEO Tim Cook and Senior Vice President of Internet Software and Services Eddy Cue received 560,000 and 350,000 RSUs respectively worth over $97 million combined. Apple retail chief Angela Ahrendts also received 113,334 RSUs as a signing bonus upon joining Apple in May 2014.

Srouji was promoted to Senior Vice President of Hardware Technologies on December 17, as part of a larger executive team makeover that saw Jeff Williams promoted to COO and marketing chief Phil Schiller take over App Store leadership across all Apple platforms. Tor Myhren, chief creative officer at ad agency Grey, will also join Apple in early 2016 as Vice President of Marketing Communications.

Srouji joined Apple in 2008 to lead development of the A4 chip for iPhone 4, and he now oversees silicon and hardware technologies, including batteries, application processors, storage controllers, sensors silicon, display silicon and other chipsets across Apple’s entire product line. Prior to Apple, he held senior positions at Intel and IBM in the areas of processor development and design.

Tags: AAPL, Johny Srouji, SEC, RSUs
Discuss this article in our forums

Прочетете повече

Yahoo and Microsoft Court Apple as Google’s Safari Search Engine Deal Expires in 2015

Apple renewed its maps and search partnership with Google in 2010, but with that contract reportedly set to end in 2015, both Yahoo and Microsoft are actively vying to be the next default search provider for Apple’s Safari products, reports The Information.

Both Microsoft and Yahoo have existing relationships with Apple, with Yahoo providing stock data to iOS and Microsoft supplying Siri with Bing search results. Executives from both companies have reportedly already approached Eddy Cue, Apple’s Senior Vice President of Internet Software and Services, about a potential agreement that could see one of them displace Google to become the default search engine for iOS devices and Macs. There is no indication Apple has made any decision which company, if any, will replace Google.

Yahoo has approached Apple in the past about expanding their relationship on mobile, although things moved in the opposite direction with iOS 8 as Apple cut out middle-man Yahoo for weather data and instead began sourcing data directly from The Weather Channel.

Yahoo has also reportedly been working on a revamp of its mobile search in hopes of landing an agreement with Apple to be the default search provider on iOS, but for now the companies are still in the discussion stages as Apple’s deal with Google remains in effect for the time being.

Microsoft was said to be in the running for the 2010 deal with its Bing services, but Apple ultimately opted to extend its deal with Google that has seen Apple reportedly receiving in excess of $1 billion per year.




Прочетете повече

Apple Watch Launching in ‘Spring’ According to Apple Retail Chief Angela Ahrendts

In a video message sent out to retail employees, Apple’s Senior Vice President of Retail and Online Stores Angela Ahrendts revealed that the Apple Watch will be launching in the Spring of next year, reports 9To5Mac. The timeframe given is slightly more specific than Apple’s own launch projection of „early next year“, which was shared during its initial unveil of the Apple Watch back in September.

„So, again, we do – you guys were hired because you’re the best people in the world. And you know how to service customers, but we are sprinting a marathon and it’s not going to stop. Right? We’re going into the holidays, we’ll go into Chinese New Year, and then we’ve got a new watch launch coming in the spring.“

The report also notes that Apple will be training its retail employees on how to introduce customers to the Apple Watch. Apple Retail Stores will allow customers to try on the wearable device and experience the different sizes and bands offered. The Apple Watch’s presence at the company’s retail stores are said to be a big emphasis for Ahrendts, who believes that sales of the device will help deepen relationships with customers.

A source briefed on Apple’s plans for the Apple Watch told The Information in September that the company would be „lucky to ship it by Valentine’s Day.“ That report stated that Apple planned to have the watch ready to ship in time for the 2014 holiday season, but had problems finishing software development in time. Hints of a delay on the software side first surfaced shortly after the device’s unveiling, as members of the press who were invited to spend some hands-on time with the devices noted that none of the display units were running the actual Watch OS operating system.




Прочетете повече

U2’s ‘Songs of Innocence’ Accessed Over 33 Million Times Since Start of iTunes Promotion [iOS Blog]

Six days after it began offering U2’s latest album „Songs of Innocence“ for free to 500 million iTunes customers, Apple has announced (via the Associated Press) that over 33 million customers have accessed the record.

In a statement, Apple’s Senior Vice President of Software and Services Eddy Cue called the numbers record-breaking, and said that the numbers include users who downloaded the album from their iTunes account, streamed it, or used iTunes Radio to listen to it.

Earlier this morning, Apple also released a tool for customers to delete the U2 album off of their iTunes accounts, as some users were upset with it being added to their devices without their knowledge.

Last Friday, it was reported that Songs of Innocence was downloaded 2 million times after three days of being made available. The album will be free for iTunes customers until October 13.




Прочетете повече

Ikea channels Jony Ive’s showmanship to promote its 2015 catalog

Four years ago, Apple debuted the iPad with the first of what would soon become a widely parodied style of video, in which Apple’s Senior Vice President of Design Jony Ive said of Apple’s first tablet: “It’s true that when…Read more ›



Прочетете повече

Amazon integrates Audible into Kindle for Android and iOS

; Amazon today introduced Whispersync for Voice to its Kindle apps for Android and iOS, allowing users to switch between reading and listening inside just one app. The feature combines Kindle ebooks with their companion Audible titles using Amazon’s one-click…Read more ›



Прочетете повече

Amazon integrates Audible into Kindle for Android and iOS

; Amazon today introduced Whispersync for Voice to its Kindle apps for Android and iOS, allowing users to switch between reading and listening inside just one app. The feature combines Kindle ebooks with their companion Audible titles using Amazon’s one-click…Read more ›



Прочетете повече