Applied Digital Awards CEO Wes Cummins 6 Million Equity Units in Five-Year Compensation Plan

Reuters01-09

<a href="https://laohu8.com/S/APLD">Applied Digital</a> Awards CEO Wes Cummins 6 Million Equity Units in Five-Year Compensation Plan

Applied Digital Corporation has approved a new compensation package for Chairman and CEO Wes Cummins. On January 6, 2026, the company’s Board of Directors granted Cummins 4,500,000 performance stock units (PSUs) and 1,500,000 restricted stock units (RSUs) under the 2024 Omnibus Equity Incentive Plan. Each unit entitles Cummins to one share of company stock upon vesting. These awards are intended to cover the next five years, replacing future equity grants during that period unless unforeseen circumstances arise. The PSUs are structured to require significant value creation for shareholders before any payout can be realized. This decision follows a year in which Applied Digital’s stock price rose approximately 214% and the company achieved major milestones in data center leasing and revenue growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Digital Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-000974), on January 08, 2026, and is solely responsible for the information contained therein.

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On January 6, 2026, the company’s Board of Directors granted Cummins 4,500,000 performance stock units (PSUs) and 1,500,000 restricted stock units (RSUs) under the 2024 Omnibus Equity Incentive Plan. Each unit entitles Cummins to one share of company stock upon vesting. These awards are intended to cover the next five years, replacing future equity grants during that period unless unforeseen circumstances arise. The PSUs are structured to require significant value creation for shareholders before any payout can be realized. This decision follows a year in which Applied Digital’s stock price rose approximately 214% and the company achieved major milestones in data center leasing and revenue growth.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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