CEO equity compensation grant
Company: Applied Digital
The claim, verbatim
4,500,000 performance stock units and 1,500,000 restricted stock units granted to CEO Wes Cummins, vesting over 5 years with PSUs based on stock price hurdles and RSUs on time-based schedule
Source (primary)
Applied Digital 8-K filed 2026-01-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “unanimously approved the grant of 4,500,000 performance stock units ("PSUs") and 1,500,000 restricted stock units (the "RSUs") to Wes Cummins, Chairman and Chief Executive Officer of the Company”
How we checked this
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Additional evidence
confirms Applied Digital 8-K filed 2026-01-08
Quote: “unanimously approved the grant of 4,500,000 performance stock units ("PSUs") and 1,500,000 restricted stock units (the "RSUs") to Wes Cummins, Chairman and Chief Executive Officer of the Company”