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CEO equity compensation grant

Company: Applied Digital

Subject kind
personnel
Statement date
2026-01-07
Promised amount
6000000.0 shares
Current status
stated

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

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315226000974/form8-k.htm) in full (15,873 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

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”

View cached copy (2026-08-31)Live source ↗