Applied Digital Awards CEO Wes Cummins 6 Million Equity Units in Five-Year Compensation Plan
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Applied Digital Corporation has approved a compensation package for CEO Wes Cummins, granting him 6 million equity units, including 4.5 million performance stock units and 1.5 million restricted stock units. This five-year plan replaces future equity grants and is contingent on significant value creation for shareholders. The decision follows a year of 214% stock price increase and major milestones in data center leasing and revenue growth.
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