Apple CEO Cook's pay more dependent on stock performance in 2023

Formula One F1 - United States Grand Prix - Circuit of the Americas, Austin, Texas, U.S. - October 23, 2022 Tim Cook, the CEO of Apple is seen before the race REUTERS/Brian Snyder

(Reuters) - Apple Inc Chief Executive Tim Cook's pay package for the fiscal 2023 year is expected to be smaller than last year and depend more on how well the iPhone maker's shares perform relative to market peers, regulatory filings showed.

Cook's compensation for the fiscal 2022 year ended September was $99.4 million, slightly higher than the $98.7 million he received the previous year, the company said in securities filings.