Executive equity compensation for co-CEOs
Company: IREN
The claim, verbatim
IREN's board approved equity packages of 9 million restricted stock units (RSUs) each for co-CEOs William Roberts and Daniel Roberts, valued at approximately $788 million, vesting over 4 years with 2-year post-vesting holding periods
Source (primary)
IREN Stock Heads For Ninth Straight Loss: $50M-A-Year NBA Spends, $788M Co-Founder Pay Packet Leave Retail Unimpressed - Stocktwits (-, news_article)
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Quote: “Iren's board unanimously approved an equity package granting 9 million restricted stock units (RSUs) each to Co-Founders and Co-CEOs William Roberts and Daniel Roberts. Based on recent stock values, the total package is worth roughly US$788 million. The RSUs vest in equal installments over four years. Crucially, each annual tranche is subject to an additional two-year post-vesting holding period, meaning they cannot sell or monetize those shares for a combined six-year timeline (stretching to the 2033 fiscal year)”
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Additional evidence
confirms IREN Stock Heads For Ninth Straight Loss: $50M-A-Year NBA Spends, $788M Co-Founder Pay Packet Leave Retail Unimpressed - Stocktwits
Quote: “Iren's board unanimously approved an equity package granting 9 million restricted stock units (RSUs) each to Co-Founders and Co-CEOs William Roberts and Daniel Roberts. Based on recent stock values, the total package is worth roughly US$788 million. The RSUs vest in equal installments over four years. Crucially, each annual tranche is subject to an additional two-year post-vesting holding period, meaning they cannot sell or monetize those shares for a combined six-year timeline (stretching to the 2033 fiscal year)”