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Apple execs score stock options

NOW THAT’S A PACKAGE: Apple has given a host of senior execs the gift that keeps on giving just for sticking around, the Wall Street Journal reports. On Friday, the company filed regulatory forms with the SEC saying it had granted these executives 150k restricted stock units each. Half of each grant vests in 2013 and half in 2016, assuming the executives remain at the company. At Friday's closing price for Apple shares, each package was worth about $60 million. Among those who scored big were CFO Peter Oppenheimer, General Counsel Bruce Sewell and SVPs Scott Forstall, Phil Schiller, Bob Mansfied and Jeffrey Williams. iTunes chief Eddy Cue, who received a stock grant earlier this year when he received his SVP stripes, got another 100k restricted stock units. An Apple spokesman said that the awards are "meant to reward them down the road for their hard work in helping to keep Apple the most innovative company in the world." When Tim Cook was named CEO in August, the Apple board approved a package of 1 million shares for him. (11/7a)

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