Apple CEO Tim Cook set to collect stock worth $120 million after rally

This month, Apple became the first US-based company to reach $1 trillion in market value

Apple Inc’s Tim Cook is set to collect stock worth about $120 million this week thanks to a run-up in shares of the iPhone maker.

On Friday, Cook stands to receive 280,000 shares tied to his continued service as chief executive officer. He’ll get as many as 280,000 additional shares if Apple’s stock-market return over the preceding three years exceeds at least two-thirds of the firms in the S&P 500.

Apple returned 119 percent from Aug 25, 2015, through Tuesday’s close, including reinvested dividends, outperforming more than 80 per cent of companies in the index. Barring a major collapse this