Executive equity awards structure
Company: Applied Digital
The claim, verbatim
CEO, President and CFO received five-year RSU and PSU awards with a 25/75 RSU-to-PSU ratio and a two-year post-vesting holding requirement for PSUs
Source (primary)
Five leases lifted Applied Digital (APLD)'s initial-term contracted revenue beyond $7 billion. - Stock Titan (-, news_article)
View cached copy (2026-09-26)Live source ↗Archive.org ↗
Quote: “The proxy describes five-year RSU and PSU awards for the CEO, President and CFO, with a 25/75 RSU-to-PSU ratio and a two-year post-vesting holding requirement for PSUs”
How we checked this
Checked on September 28, 2026. The cited source supports every part of this claim.
The compensation discussion describes all of these award terms. It notes that the CFO's PSU performance period runs about five years and one month.
Confirmed in the source:
- Applied Digital's CEO Wes Cummins, President Jason Zhang and CFO Saidal Mohmand received multi-year RSU and PSU awards
- The awards use a five-year performance and vesting horizon
- The awards have a 25/75 RSU-to-PSU ratio
- Shares from the PSUs are subject to a two-year post-vesting holding requirement
What we did: Read our cached copy of the publisher (https://www.stocktitan.net/sec-filings/APLD/def-14a-applied-digital-corp-definitive-proxy-statement-295e8d7c8256.html) in full (290,241 characters, retrieved September 26, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Five leases lifted Applied Digital (APLD)'s initial-term contracted revenue beyond $7 billion. - Stock Titan
Quote: “The proxy describes five-year RSU and PSU awards for the CEO, President and CFO, with a 25/75 RSU-to-PSU ratio and a two-year post-vesting holding requirement for PSUs”