Form 4: Riot Platforms Director Hubert Marleau Receives 24,000 Restricted Stock Units

Director Hubert Marleau of Riot Platforms, Inc. was granted 24,000 restricted stock units (RSUs) on July 1, 2024, as part of the company's 2019 Equity Incentive Plan.

Summary

• Hubert Marleau, a director at Riot Platforms, Inc., received 24,000 restricted stock units (RSUs) on July 1, 2024.
• These RSUs were granted under the company's 2019 Equity Incentive Plan, as amended, in connection with his service on the Board of Directors through July 1, 2025.
• Each RSU represents the right to receive one share of Riot Platforms' common stock upon vesting and settlement.
• The RSUs are eligible to vest in four equal quarterly tranches after the grant date, contingent upon Marleau's continued service with the company.
• Marleau's total beneficial ownership of Riot Platforms' common stock following the transaction is 83,861 shares, adjusted to correct a previous rounding error.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of RSUs is a standard practice and indicates confidence in the company's future performance. The correction of a rounding error is a minor positive, showing attention to detail.

Positives

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

Future Outlook

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

Industry Context

This type of equity compensation is common for directors of publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the industry.
• Companies like Marathon Digital Holdings (MARA) and CleanSpark (CLSK) also utilize stock options and restricted stock units to compensate their directors.
• The specific amount and vesting schedule can vary based on company size, performance, and individual contributions.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns the director's interests with those of the shareholders.
• Employees: The grant of RSUs is a standard practice and indicates confidence in the company's future performance.

Key Dates