Apple (NASDAQ: AAPL) GC Jennifer Newstead reports new RSU awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Apple Inc. executive Jennifer Newstead, SVP, General Counsel and Secretary, filed an initial Form 3 reporting her holdings of Apple restricted stock units (RSUs). The filing lists two RSU awards, each representing the right to receive one share of Apple common stock at settlement.
One RSU award was granted on February 15, 2026 and vests in multiple tranches from March 15, 2026 through December 15, 2029, subject to the underlying award agreement. A separate performance-based RSU award, also granted on February 15, 2026, is scheduled to vest on October 1, 2028, with 0% to 200% of the target units vesting based on Apple’s relative total shareholder return over its fiscal years 2026–2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Newstead Jennifer
Role
SVP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 301,040 shares (Direct)
Footnotes (1)
- This RSU award was granted February 15, 2026. 20% of the total number of RSUs subject to the award are scheduled to vest on March 15, 2026; 10% of the total number of RSUs subject to the award are scheduled to vest on each of June 15, September 15 and December 15, 2026; 8.75% of the total number of RSUs subject to the award are scheduled to vest on each of March 15, June 15, September 15 and December 15, 2027; 2.5% of the total number of RSUs subject to the award are scheduleds to vest on each of March 15, June 15, September 15 and December 15, 2028; and 1.25% of the total number of RSUs subject to the award are scheduled to vest on each of March 15, June 15, September 15 and December 15, 2029, subject to the terms and conditions of the underlying award agreement. Each RSU represents the right to receive, at settlement, one share of Apple Inc.'s ("Apple's") common stock. This performance-based RSU award was granted February 15, 2026, and is scheduled to vest on October 1, 2028, subject to the terms and conditions of the underlying award agreement. The "target" number of RSUs is reported. Between 0% and 200% of the target number of units may vest based on Apple's relative total shareholder return from the first day of Apple's fiscal year 2026 and ending with the last day of Apple's fiscal year 2028.
FAQ
What does Apple (AAPL) disclose about Jennifer Newstead in this Form 3?
Apple reports that Jennifer Newstead is SVP, General Counsel and Secretary and has reported initial holdings of restricted stock units (RSUs). The Form 3 lists her RSU awards and associated vesting schedules under the applicable award agreements.
What RSU awards for Jennifer Newstead are reported by Apple (AAPL)?
The filing reports two Apple restricted stock unit awards for Jennifer Newstead. One is a time-based RSU grant with staggered vesting from 2026 to 2029, and the other is a performance-based RSU grant tied to Apple’s relative total shareholder return.
When were Jennifer Newstead’s Apple (AAPL) RSU awards granted and when do they vest?
Both RSU awards were granted on February 15, 2026. The time-based RSUs vest in multiple tranches from March 15, 2026 through December 15, 2029, while the performance-based RSUs are scheduled to vest on October 1, 2028.
How is the performance-based RSU award for Apple (AAPL) executive Jennifer Newstead structured?
The performance-based RSU award uses Apple’s relative total shareholder return from fiscal 2026 to fiscal 2028. Between 0% and 200% of the target number of RSUs may vest on October 1, 2028, depending on that performance metric.
What does each restricted stock unit represent in Jennifer Newstead’s Apple (AAPL) awards?
Each RSU represents the right to receive one share of Apple common stock at settlement. Actual shares are delivered when vesting and settlement conditions in the award agreements are satisfied, rather than at the grant date.
Does Apple’s (AAPL) Form 3 for Jennifer Newstead show any stock purchases or sales?
The Form 3 functions as an initial ownership report and does not show explicit stock purchases or sales. It primarily details restricted stock unit grants and their vesting and performance conditions for the executive.