The award is made up of 560,000 shares and has ballooned in value thanks to the company’s soaring stock price

Tim Cook, the chief executive of Apple, has collected $89.6m as part of a 10-year deal that he signed as an incentive to keep the iPhone maker at the forefront of the technology industry after he took over the reins in 2011 from company co-founder Steve Jobs.

The windfall was made up of the proceeds of the sale of 560,000 shares, according to a regulatory filing.

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