Jason Les and Benjamin Yi AIP target increase
Company: Riot
What the later record shows
Delivered on time · happened January 1, 2026
The proxy describes both Les and Yi as having an AIP target of 125% of base salary, up from the 100% shown for 2025. Their amended agreements are dated January 1, 2026.
“Mr. Yi is eligible to receive additional annual incentive bonuses under the AIP with a target amount of 125% of his base salary”
2026-04-29 · Riot DEF 14A filed 2026-04-30 View cached copy (2026-08-31)Live source ↗
“Les is eligible to receive additional annual incentive bonuses under the AIP with a target amount of 125% of his base salary”
2026-04-29 · Riot DEF 14A filed 2026-04-30 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The target award level under the Annual Incentive Plan for Jason Les and Benjamin Yi increased from 100% to 125% of base salary
Source (primary)
Riot 8-K filed 2026-01-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the target award level under the Company's Annual Incentive Plan (the "AIP") for Messrs. Les and Yi increased from 100% to 125%”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that the AIP target award level for Les and Yi rose from 100% to 125%, and separately that they are eligible for a target payout of 125% of base salary.
Confirmed in the source:
- The Annual Incentive Plan target award level for Jason Les and Benjamin Yi increased from 100% to 125%
- Their target payout is set at 125% of base salary
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231x8k.htm) in full (15,572 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2026-01-02
Quote: “the target award level under the Company's Annual Incentive Plan (the "AIP") for Messrs. Les and Yi increased from 100% to 125%”
confirms Riot DEF 14A filed 2026-04-30
Quote: “Mr. Yi is eligible to receive additional annual incentive bonuses under the AIP with a target amount of 125% of his base salary”