COO Long-Term Incentive Award
Company: Riot
The claim, verbatim
Stephen Howell granted up to 373,927 shares under Long-Term Incentive Program as of July 1, 2023, consisting of 24,643 service-based restricted shares vesting in three equal annual tranches (July 1, 2024, 2025, 2026) and up to 349,284 performance-based shares vesting based on relative total shareholder return performance versus Russell 3000 Index over three-year period.
Source (primary)
Riot 8-K filed 2024-06-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Prior to his appointment as COO, Mr. Howell was enrolled in the LTIP and granted an unvested and contingent award of up to 373,927 shares... The 2023 LTIP Award consists of: (i) a service-based component of 24,643 restricted Shares... in three approximately equal annual tranches, as of July 1, 2024, 2025, and 2026; and (ii) a performance-based component of up to 349,284 Shares... based on the relative performance of the Company's common stock ("TSR"), compared to the performance of the Russell 3000 Index, during the three-year performance period”
How we checked this
Checked on September 18, 2026. The cited source supports part of this claim, but not all of it.
The filing supports the award amounts, dates and vesting criteria, but describes the service-based tranches as approximately equal rather than equal.
Confirmed in the source:
- Howell was granted an unvested, contingent award of up to 373,927 Riot shares under the Long-Term Incentive Program as of July 1, 2023
- The award includes 24,643 service-based restricted shares vesting in annual tranches on July 1, 2024, 2025 and 2026
- The award includes up to 349,284 performance-based shares
- The performance shares vest based on Riot's relative stock performance (TSR) against the Russell 3000 Index over a three-year performance period
We could not confirm this from the cited source:
- The three service-based tranches are exactly equal (the filing says they are 'approximately equal')
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155837024008967/riot-20240601x8k.htm) in full (8,273 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2024-06-06
Quote: “Prior to his appointment as COO, Mr. Howell was enrolled in the LTIP and granted an unvested and contingent award of up to 373,927 shares... The 2023 LTIP Award consists of: (i) a service-based component of 24,643 restricted Shares... in three approximately equal annual tranches, as of July 1, 2024, 2025, and 2026; and (ii) a performance-based component of up to 349,284 Shares... based on the relative performance of the Company's common stock ("TSR"), compared to the performance of the Russell 3000 Index, during the three-year performance period”