Kate Adams
About
Kate Adams is a seasoned legal executive known for her comprehensive oversight of corporate governance, intellectual property, litigation, compliance, global security, and privacy at AAPL. She began her tenure at the company on November 1, 2017, joining as General Counsel before her role evolved into that of Senior Vice President, General Counsel, and Secretary, reflecting her growing responsibilities within the organization.
Before her arrival at AAPL, she built an impressive career serving as General Counsel at Honeywell International Inc. from September 2008, after joining the company in 2003, and she also held a key partnership role at the law firm Sidley Austin LLP.
Born in 1964 or 1965 and currently 60 years old, her professional journey exemplifies deep legal expertise and strategic leadership in high-profile roles. While details on her educational background are not provided, her career achievements and progression underscore her prominence in the legal field.
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Honeywell International Inc. | General Counsel | September 2008 - November 2017 | Left the role upon joining Apple |
| Sidley Austin LLP | Partner | N/A | Held the position prior to joining Honeywell |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,000,000 | Annual | Fixed annual cash salary |
| Time-Based RSUs | 58,408 RSUs; Fair Value: $10,000,034 | Vesting over time (granted on October 1, 2023) | Award granted as part of long-term incentive plan |
| All Other Compensation | $22,182 | Annual | Includes matching charitable contributions and other benefits |
| Deferred Compensation | Executive Contributions: $1,785,575; Aggregate Earnings: $1,989,941 | Deferred (from 2023 payout) | Aggregate Balance as of September 28, 2024: $10,870,935 |
Performance Compensation
Performance-Based RSUs
| Metric | Details |
|---|---|
| Grant Date | October 1, 2023 |
| Target RSUs | 58,408 RSUs |
| Grant Date Fair Value | $12,157,041 |
| Performance Metric | Relative Total Shareholder Return (TSR) versus the S&P 500 |
| Performance Period | 3 years (2024–2026) |
| Vesting Schedule | Vest on October 1, 2026, subject to meeting performance conditions |
| Vesting Thresholds | 85th Percentile: 200% vest; 55th Percentile (Target): 100% vest; 25th Percentile: 25% vest; Below 25th Percentile: 0% vest; TSR negative results in cap at 100% vest |
| Dividend Equivalents | Included, payable only if vesting conditions are met |
Non-Equity Incentive Plan Compensation
| Metric | Details |
|---|---|
| Threshold | $1,000,000 |
| Target | $2,000,000 |
| Maximum | $4,000,000 |
| Actual Payout | 200% of the target payout due to exceeding maximum performance goals on net sales and operating income |
| Nature | Cash-based award paid out based on annual performance relative to predetermined financial and individual executive goals |
| Vesting | Not applicable (cash-based award) |