Nearly $64 million of the share options were withheld for tax reasons and Cook took home over $57 million.
The stock awards were in addition to his salary and bonus scheme.
Cook earned $12.8 million last year -- $3 million as base salary and a $9.3 million cash bonus, rising 46 per cent.
"Cook's net worth is estimated to be $625 million," the report said.
Earlier this month, Apple became America's first publicly-traded company to hit the $1-trillion milestone.
Apple, maker of the iPhone, iPad and other devices, said its fiscal 2018 third quarter revenue stood at $53.3 billion, up 17 per cent from the same period last year.
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