Apple CEO Tim Cook earned US$10.3m in 2015

Apple’s (AAPL) stock might be struggling as of late – but CEO Tim Cook’s pay is on the rise.

The tech company says in a filing that Cook’s total pay was almost $10.3 million, including $2 million salary, an $8 million bonus and $209,000 for private security. That’s a 11.5% raise from fiscal 2014 and a 141.8% raise from fiscal 2013.

Cook’s compensation might appear paltry compared to other chief executives, Disney CEO Bob Iger made $44.9 million in 2015, for example, but Cook made an astronomical $378 million in 2011 courtesy of stock awards he’d receive periodically over a decade. That’s means the stock has lost almost a quarter of its value from its all-time high notched in April 2015.

Apple Inc Chief Executive Tim Cook’s compensation rose 11.5 percent to $10.3 million (roughly Rs. 68 crores) in 2015, the company said on Wednesday, a year when its sales grew 28 percent and profits by 35 percent but its shares fell for the first time since 2008. In fiscal 2015, the company reported record sales of $233.7 billion and net income of $53.4 billion.

All three earned roughly $US25 million in the year.

Senior executives Bruce Sewell, Dan Riccio, Eddy Cue, and Luca Maestri all earned more than $25 million in 2015, numbers that do not include restricted stock units that vested in 2015. All executives, aside from Cook, received a $1 million salary in 2014.

Absent from Apple’s summary compensation table is Chief Design Officer Jony Ive, called by some the company’s most important employee.

The shares are expected to vest between August 2016 and August 2021.

Kristin Huguet, a spokeswoman for Apple, declined to comment beyond the filing.