Form 4: Marathon Digital Holdings Director Kevin A DeNuccio Receives Stock Grant

Kevin A DeNuccio, a director at Marathon Digital Holdings, was granted 28,887 restricted stock units (RSUs) on May 1, 2024, which will vest on January 31, 2025.

Summary

• On May 1, 2024, Kevin A DeNuccio, a director of Marathon Digital Holdings, received a grant of 28,887 restricted stock units (RSUs) under the company's 2018 Equity Incentive Plan.
• These RSUs will vest in full on January 31, 2025.
• Each RSU represents the 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 compensation practice (granting of RSUs) which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative performance or concerning issues.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting period encourages long-term commitment from the director.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Grants of stock options and restricted stock units are a common way for companies, especially in the technology and growth sectors, to compensate and incentivize their directors and key employees. This aligns their interests with the long-term success of the company.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the director to work towards the company's long-term success.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Key Dates