Form 4: Marathon Digital Holdings Director Receives $600,000 in Restricted Stock Units

Vicki Mealer-Burke, 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, Vicki Mealer-Burke, a director of Marathon Digital Holdings, received a grant of 28,887 restricted stock units (RSUs).
• 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 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, indicating stability and alignment of interests. It's a neutral to slightly positive event.

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 beyond the vesting date of the RSUs.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the technology and cryptocurrency industries, aligning management interests with shareholder value and incentivizing long-term performance.

Comparison to Industry Standards

• RSU grants are a standard compensation practice among publicly traded companies, particularly in high-growth sectors like technology and cryptocurrency.
• The size of the grant ($600,000) is within a reasonable range for director compensation at a company of Marathon Digital Holdings' size and market capitalization.
• Comparable companies like Riot Platforms or Hut 8 also utilize equity-based compensation to attract and retain talent.

Stakeholder Impact

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

Key Dates