CFO equity compensation - RSU vesting schedule
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed · happened May 12, 2023
Gallagher resigned as CFO on May 12, 2023. That was before the first-anniversary vesting of his September 2022 grant, so the service-conditioned schedule could not be completed.
“Hugh Gallagher, our former Chief Financial Officer, who resigned on May 12, 2023.”
2024-04-28 · Marathon Digital DEF 14A filed 2024-04-29 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Hugh Gallagher is due 150,000 restricted stock units, with 33.33% vesting upon the first anniversary of joining as CFO, and the remaining units vesting at 8.33% (12,500 shares) quarterly over 8 consecutive quarters thereafter.
Source (primary)
Marathon Digital DEF 14A filed 2022-09-12 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Mr. Gallagher is due 150,000 restricted stock units upon joining as the Company's Chief Financial Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 100,000 RSUs will vest 8.33% (12,500) every three months thereafter for eight consecutive calendar quarters.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
Both the ownership footnote and the description of Gallagher's employment agreement set out this schedule. His agreement and appointment are both dated March 31, 2022.
Confirmed in the source:
- Hugh Gallagher is due 150,000 restricted stock units
- 33.33% of Gallagher's RSUs vest on the first anniversary of his CFO agreement (March 31, 2023)
- The remaining 100,000 Gallagher RSUs vest at 8.33% (12,500 units) every three months for eight consecutive calendar quarters
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315222025646/formdef14a.htm) in full (101,709 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital DEF 14A filed 2022-09-12
Quote: “Mr. Gallagher is due 150,000 restricted stock units upon joining as the Company's Chief Financial Officer which 33.33% will vest upon the first anniversary of signing the agreement and the remaining 100,000 RSUs will vest 8.33% (12,500) every three months thereafter for eight consecutive calendar quarters.”