CFO retention bonus contingent on December 31, 2024 employment
Company: Core Scientific
What the later record shows
Delivered on time · happened December 31, 2024
The March 2025 proxy says Ms. Sterling would stay employed until May 1, 2025 or her successor started, and that staying through December 31, 2024 made her entitled to the $500,000 bonus. It does not state outright that the bonus was paid, and payment depended on customary conditions.
“If Ms. Sterling remained employed by the Company through December 31, 2024, she became entitled to a cash bonus of $500,000”
2025-03-27 · Core Scientific DEF 14A filed 2025-03-28 View cached copy (2026-08-31)Live source ↗
“Sterling will remain employed with the Company through the earlier of May 1, 2025, unless her employment is terminated earlier as provided in the agreement)”
2025-03-27 · Core Scientific DEF 14A filed 2025-03-28 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
If Ms. Sterling remains employed through December 31, 2024, she is entitled to a cash bonus of $500,000.
Source (primary)
Core Scientific 424B3 filed 2024-09-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “If Ms. Sterling remains employed by the Company through December 31, 2024, she is entitled to a cash bonus of $500,000 (the "Retention Bonus")”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states this retention bonus directly. It adds that payment also depends on her meeting certain customary conditions in the Transition Agreement.
Confirmed in the source:
- If Ms. Sterling remains employed through December 31, 2024, she is entitled to a cash bonus
- The cash bonus amount is $500,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828024039812/a9624prospectussupplement.htm) in full (10,554 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 424B3 filed 2024-09-09
Quote: “If Ms. Sterling remains employed by the Company through December 31, 2024, she is entitled to a cash bonus of $500,000 (the "Retention Bonus")”
confirms Core Scientific DEF 14A filed 2025-03-28
Quote: “If Ms. Sterling remained employed by the Company through December 31, 2024, she became entitled to a cash bonus of $500,000”