Apple CEO Tim Cook drew $125 million pay package in 2019

Apple's board set less ambitious goals for 2019, lowering its sales target by 3 percent from 2018 to $256.6 million and its profit target by 15 percent (YoY) to $60.1 billion.

Cook, 59, earned about $11.56 million in non-equity compensation for 2019 -- a 26 percent decline compared to 2018 when he earned nearly $15.7 million.

"In 2019, Apple's performance exceeded the target performance goals for both net sales and operating income, resulting in a total payout of 128 per cent of the target payout opportunity for each named executive officer," Apple said in the SEC filing.

Apple shares hit $300 for the first time in late December and closed at $297.43 on Friday.

Apple shares hit a new all-time high of $300 on Thursday, marking significant growth over the course of the last year. In early January 2019, Apple shares were at $144.

Apple stock has surged owing to reports of better than expected aCE iPhone 11aCE and 11 Pro sales and reports of stronger AirPods Pro sales. The company's stock rose by nearly 90 percent last year.