Vecchiarelli compensation agreement
Company: CleanSpark
What the later record shows
Delivered; the record does not say when
The 2026 proxy confirms Vecchiarelli receives a $650,000 salary, a pro rata share of a 1.247 BTC monthly pool, a bonus targeted at 150% of salary, and an RSU grant vesting over three years. The exact 429,515 RSU count is not restated.
“Vecchiarelli receives a $650,000 annual base salary (subject to Board review) and a monthly Bitcoin payment equal to his pro rata share of a 1.247 BTC pool”
2026-01-21 · CleanSpark DEF 14A filed 2026-01-22 View cached copy (2026-08-31)Live source ↗
“He is eligible for an annual discretionary bonus targeted at 150% of base salary and participates in our equity plan, including an initial RSU grant equal to six times base salary”
2026-01-21 · CleanSpark DEF 14A filed 2026-01-22 View cached copy (2026-08-31)Live source ↗
Checked October 11, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Gary A. Vecchiarelli to receive annual base salary of $650,000, annual discretionary bonus up to 150% of base salary (target $975,000), 429,515 restricted stock units vesting over three years, and pro rata share of 1.247 bitcoin per month pool
Source (primary)
CleanSpark 8-K filed 2025-09-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Gary A. Vecchiarelli $650,000 up to 150% $975,000 429,515; The other Executives will receive their pro rata share of a bitcoin pool of 1.247 bitcoin per month”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The table lists these figures for Vecchiarelli, and the filing says executives other than Schultz share the 1.247 bitcoin monthly pool pro rata.
Confirmed in the source:
- Vecchiarelli's annual base salary is $650,000
- Vecchiarelli's annual discretionary bonus is up to 150% of base salary, with a target amount of $975,000
- Vecchiarelli receives 429,515 RSUs vesting in three equal annual installments over three years
- Vecchiarelli receives a pro rata share of a 1.247 bitcoin per month pool
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017025113381/clsk-20250904.htm) in full (15,035 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2025-09-08
Quote: “Gary A. Vecchiarelli $650,000 up to 150% $975,000 429,515; The other Executives will receive their pro rata share of a bitcoin pool of 1.247 bitcoin per month”
confirms CleanSpark DEF 14A filed 2026-01-22
Quote: “Vecchiarelli receives a $650,000 annual base salary (subject to Board review) and a monthly Bitcoin payment equal to his pro rata share of a 1.247 BTC pool”