Disney President and CEO Robert Iger will be pulling in just over six figures after joining Apple's board, when you consider both his annual retainer and his initial grant of restricted stock units.
In an SEC filing today, Apple noted that Iger--who --will get "the standard $50,000 annual retainer" which is to be paid out in quarterly installments.
Additionally, Iger gets an initial grant of 142 restricted stock units, as part of the company's Director Plan, worth about $55,000 based on Apple's current trading price. According to Apple's annual proxy filing earlier year, those shares are set to vest in February.
Other perks Iger gets as an Apple board member include "one of each new product" Apple introduces, free of charge, under the company's Board of Directors Equipment Program; that's if he requests them, the program's description says.
As a frame of reference, Iger's base salary last year as the CEO of Walt Disney was just shy of $2.8 million. However he pulled in more than $28 million when including a mix of performance-based bonuses and annual equity awards.
Besides Apple, Iger is on a handful of other boards, including the National September 11 Memorial & Museum and New York's Lincoln Center for the Performing Arts. This is also Iger's second board appointment this year. In June, he joined the board of the U.S.-China Business Council.
Apple - USE TAG
reading•Iger sees six-figure payday for joining Apple's board
Sep 21•iPhone's Face ID isn't perfect, but you can make it better
Sep 21•Apple lets you interact with iPhone XS and XS Max without leaving the house
Sep 21•Best iPhone XS and XS Max cases
Sep 21•Amazon introduces new Alexa gadgets, Apple's latest phones hit stores