LTIP TSR cap on performance awards
Company: Riot
The claim, verbatim
Performance Award Agreements will include a total shareholder return (TSR) cap limiting maximum vesting to 100% of the Target Award if absolute TSR for the Performance Period is negative
Source (primary)
Riot 8-K filed 2026-01-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Performance Award Agreement and the Performance Award Agreement (Units) will include a total shareholder return ("TSR") cap, providing that if the Company's absolute TSR for the Performance Period is negative, the maximum vesting percentage that may be earned will be limited to 100% of the Target Award”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing describes the TSR cap in the Performance Award Agreement and Performance Award Agreement (Units) in the same terms as the claim.
Confirmed in the source:
- Riot Platforms' Performance Award Agreements under its Long-Term Incentive Program include a total shareholder return (TSR) cap
- The TSR cap limits the maximum vesting percentage to 100% of the Target Award if the company's absolute TSR for the Performance Period is negative
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 Performance Award Agreement and the Performance Award Agreement (Units) will include a total shareholder return ("TSR") cap, providing that if the Company's absolute TSR for the Performance Period is negative, the maximum vesting percentage that may be earned will be limited to 100% of the Target Award”