CEO equity compensation - October 2024 grant
Company: Applied Digital
The claim, verbatim
Applied Digital granted Wesley Cummins 600,000 restricted stock units on October 10, 2024, vesting over approximately three years with tranches on October 10, 2025, April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027
Source (primary)
Applied Digital SC 13D/A filed 2024-11-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On October 10, 2024, the Reporting Person received a grant of 600,000 RSUs (the " October 2024 Grant "), of which one-third (1/3) of the RSUs vest on October 10, 2025 and one-sixth (1/6) of the RSUs vest on April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027.”
How we checked this
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Additional evidence
confirms Applied Digital SC 13D/A filed 2024-11-29
Quote: “On October 10, 2024, the Reporting Person received a grant of 600,000 RSUs (the " October 2024 Grant "), of which one-third (1/3) of the RSUs vest on October 10, 2025 and one-sixth (1/6) of the RSUs vest on April 10, 2026, October 10, 2026, April 10, 2027, and October 10, 2027.”