updated 11:45 am EST, Fri November 18, 2011
Split between common, restricted stock
In all Apple's newest board member, Disney CEO Bob Iger, has actually received about $84,376 in Apple stock, notes Fortune. The 142 shares mentioned previously actually represent only restricted ones. On top of this Iger is getting 75 shares of common stock, hitting the $84,376 total based on a closing price from Tuesday, when the executive was awarded his investments.
Iger's most stable Apple pay will come in the form of a $50,000 annual retainer. Disney and Apple also have strong business ties, however, thanks in large part to Disney's acquisition of Pixar in 2006, which made Steve Jobs the largest individual Disney shareholder and cemented his place on the Disney board. Apple has often featured Pixar and/or Disney content in marketing; Pixar shorts, for instance, were among the first videos to appear on the iTunes Store.