Applied Digital Corp. CEO Wes Cummins' 2022 pay jumps 8,730% to $4.6M
Applied Digital Corp. reports 2022 executive compensation
By ExecPay News
Published: September 27, 2022
Applied Digital Corp. reported fiscal year 2022 executive compensation information on September 27, 2022.
In 2022, three executives at Applied Digital Corp. received on average a compensation package of $2.4M, a 5,329% increase compared to previous year.
Average pay of disclosed executives at Applied Digital Corp.
Wes Cummins, Chief Executive Officer, received $4.6M in total, which increased by 8,730% compared to 2021. 87% of Cummins' compensation, or $4M, was in stock awards. Cummins also received $300K in bonus and $279K in salary.
David Rench, Chief Financial Officer, received a compensation package of $1.8M, which increased by 2778% compared to previous year. 76% of the compensation package, or $1.3M, was in stock awards.
Regina Ingel, Chief Marketing Officer, earned $969K in 2022, a 4407% increase compared to previous year.
Applied Digital Corp.'s fiscal year ends on May 31.
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Source: SEC filing on September 27, 2022.