They are following advice from another company (ISS). I would assume that ISS on the other hand have some policies on how to evaluate these things and what to r

They are following advice from another company (ISS). I would assume that ISS on the other hand have some policies on how to evaluate these things and what to recommend (random results from Google [1]). While this does not make difference in case of Mr Cook, it might be relevant for less wealthy managers and they likely want to apply similar policies for everybody. [1] https://www.issgovernance.com/file/policy/active/americas/US-Equity-Compensation-Plans-FAQ.pdf https://www.issgovernance.com/file/policy/active/americas/US...