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Apple CEO Tim Cook will take home $4.17 million in 2012, a far cry from the $378 million he made last year. Why is there such a big difference in the exec’s compensation? Cook won’t take home stock rewards this year, Bloomberg said.

Cook’s final compensation is a combination of $2.8 million in incentives and $1.36 million in salary, according to a regulatory filing spotted by Bloomberg. Cook’s big pay check last year included $376.2 million in stock rewards, but he’ll receive that final figure over a 10 year period.

In other words, he’s not exactly going hungry.

Source Bloomberg