Apple’s Board of Directors has elected to modify the award of restricted stock that Tim Cook received after being promoted to CEO in August 2011. The modification, made at Cook’s request, changes the award of 1,000,000 restricted stock units — originally supposed to be awarded in two lump sums over 10 years — to a more performance-based compensation system.
via Apple Board Modifies Tim Cook CEO Bonus Stock Award to Be More Performance Based – Mac Rumors.
I can’t imagine the confidence he must have in the future performance of Apple to make this request. It’s a class act nevertheless, and an example of leading by example.