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Apple Chief Counsel Receives $24.9M in Stock Grant

by , 2:00 PM EDT, November 2nd, 2007

Apple General Counsel Daniel Cooperman has received a grant of restricted stock valued at an estimated US$24.9M, according to a regulatory filing on Thursday.

Mr. Cooperman, who was previously at Oracle, was selected by Apple in September, 2007 to become Apple's senior vice president, general counsel and secretary starting November 1st. He replaced Donald J. Rosenberg.

In a Dow Jones Newswire report, Mr. Cooperman received 133,000 restricted stock units. Based on the the current value of Apple stock, the estimated value is well over US$24M. The stock will vest over a period of four years.

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