Apple failed to meet its annual sales goals in 2016, and CEO Tim Cook paid the price.
Cook earned $8.75 million in 2016, according to a Securities and Exchange Commission filing from Apple on Friday. That compares with $10.28 million in 2015, and $9.22 million in 2014.
The Cupertino, California-based company had aimed to surpass its $223.6 billion in sales from 2015. Instead it fell short in 2016, raking in $215.6 billion.