Form 4: Marathon Digital Holdings Director Jay P Leupp Receives Stock Grant

Director Jay P Leupp of Marathon Digital Holdings received a grant of 28,887 restricted stock units (RSUs) on May 1, 2024, which will vest on January 31, 2025.

Summary

• Jay P Leupp, a director of Marathon Digital Holdings, received 28,887 restricted stock units (RSUs) on May 1, 2024.
• The RSUs were granted under the company's 2018 Equity Incentive Plan.
• These RSUs will vest in full on January 31, 2025.
• Each RSU represents a contingent right to receive one share of Marathon Digital Holdings' common stock.
• The number of RSUs granted was determined by dividing $600,000 by the average closing price of the company's stock over the 100 consecutive trading days prior to the grant date.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the company's future performance. It's a neutral-to-positive event.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and contribution to the company.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting date of the RSUs.

Industry Context

Stock grants are a common form of executive compensation in the technology and cryptocurrency industries, aligning management interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in publicly traded companies, particularly in growth-oriented sectors like technology and cryptocurrency.
• Companies like Riot Platforms and Hut 8 Mining also utilize stock-based compensation to attract and retain talent.
• The vesting schedule of the RSUs is fairly standard, aligning with industry norms for incentivizing long-term performance.

Stakeholder Impact

• The RSU grant could have a slightly dilutive effect on existing shareholders.
• The grant incentivizes the director to work towards increasing shareholder value.

Key Dates