Executive LTIP Performance RSU grant tied to TSR
Company: Marathon Digital
What the later record shows
Delivered on time · happened January 31, 2025
The 2026 proxy says the 2024 PSUs vested as to 25% on January 31, 2025, with the rest vesting in 12 quarterly installments, matching the promised schedule. The 2025 proxy instead gives December 31, 2024, which would still be on time. No passage ties the $34.2 million figure to a specific holder, so confidence is medium.
“The shares of our common stock earned pursuant to the 2024 LTIP awards vested as to 25% of the earned shares on December 31, 2024”
2025-04-29 · Marathon Digital DEF 14A filed 2025-04-30 View cached copy (2026-08-31)Live source ↗
“the 2024 PSUs, which vested as to 25% of the underlying shares on January 31, 2025, and vest as to the remaining shares in 12 equal quarterly installments thereafter”
2026-04-29 · Marathon Digital DEF 14A filed 2026-04-30 View cached copy (2026-08-31)Live source ↗
Checked November 7, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The reporting person received LTIP Performance RSUs that vest based on total stockholder return. The maximum award, at 200% of the TSR target, equals $34.2 million divided by the 100-trading-day average closing price, and actual vesting may range from 0% to 200% of target. Once the earned amount is determined, 25% vests on January 31, 2025 and the remainder vests in 12 quarterly installments of 6.25%, subject to continued service.
Source (primary)
marathon-digital 8-K exhibit (ex99.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-07)Live source ↗
Quote: “is equal to $34,200,000 divided by the average closing price over the prior 100 consecutive trading days as determined on the Grant Date”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms marathon-digital 8-K exhibit (ex99.htm)
Quote: “is equal to $34,200,000 divided by the average closing price over the prior 100 consecutive trading days as determined on the Grant Date”
confirms Marathon Digital DEF 14A filed 2025-04-30
Quote: “The shares of our common stock earned pursuant to the 2024 LTIP awards vested as to 25% of the earned shares on December 31, 2024”
confirms Marathon Digital DEF 14A filed 2026-04-30
Quote: “the 2024 PSUs, which vested as to 25% of the underlying shares on January 31, 2025, and vest as to the remaining shares in 12 equal quarterly installments thereafter”