Marathon Digital Holdings ( (MARA) ) has issued an update.
On February 28, 2024, Marathon Digital Holdings’ Talent, Culture and Compensation Committee approved new award agreements for restricted stock units (RSUs) and performance-based RSUs (PSUs) under the company’s Amended and Restated 2018 Equity Incentive Plan. The RSUs will have a new vesting schedule, with 30% vesting immediately and 70% vesting over three years. The PSUs will include both performance-based and time-based vesting conditions, with performance targets such as Hashrate Hours, Total Exahash, and Megawatts, and a maximum payout of 249% of the target shares. In the event of a Change in Control, unvested PSUs will be treated similarly to RSUs with performance conditions deemed achieved at target level.
More about Marathon Digital Holdings
YTD Price Performance: -23.71%
Average Trading Volume: 43,552,586
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.46B
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