Hugh Gallagher CFO RSU grant
Company: Marathon Digital
What the later record shows
Delivered; the record does not say when
The 10-K/A confirms Gallagher was granted the 150,000 RSUs, but no passage says when, or confirms that the March 31, 2023 tranche actually vested. He resigned on May 12, 2023, so later quarterly vesting is in doubt.
“Gallagher has been provided with a grant of 150,000 restricted stock units (“Initial Executive Award”), subject to the vesting schedule displayed below”
2023-04-27 · Marathon Digital 10-K/A filed 2023-04-28 View cached copy (2026-09-13)Live source ↗
“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 granted 150,000 restricted stock units as Chief Financial Officer, with 33.33% vesting upon first anniversary of joining agreement and remaining RSUs vesting 8.33% quarterly for 8 consecutive quarters
Source (primary)
Marathon Digital PRE 14A filed 2022-09-02 (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-table footnote and Gallagher's employment agreement summary in the proxy describe the 150,000-RSU grant and this vesting schedule.
Confirmed in the source:
- Hugh Gallagher was granted 150,000 restricted stock units upon joining as Marathon's Chief Financial Officer
- 33.33% of Gallagher's RSUs vest on the first anniversary of signing the agreement (March 31, 2023)
- Gallagher's remaining RSUs vest 8.33% 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/1507605/000149315222024987/formpre14a.htm) in full (101,802 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital PRE 14A filed 2022-09-02
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.”
confirms Marathon Digital DEF 14A filed 2024-04-29
Quote: “Hugh Gallagher, our former Chief Financial Officer, who resigned on May 12, 2023.”
confirms Marathon Digital 10-K/A filed 2023-04-28
Quote: “Gallagher has been provided with a grant of 150,000 restricted stock units (“Initial Executive Award”), subject to the vesting schedule displayed below”