Applied Digital Corp. CTO Michael Maniscalco's 2024 pay jumps 55% to $1.8M
Applied Digital Corp. reports 2024 executive compensation
By ExecPay News
Published: October 22, 2024
Applied Digital Corp. reported fiscal year 2024 executive compensation information on October 22, 2024.
In 2024, three executives at Applied Digital Corp. received on average a compensation package of $1.3M, a 59% decrease compared to previous year.
Average pay of disclosed executives at Applied Digital Corp.
Michael Maniscalco, Chief Technology Officer, received $1.8M in total, which increased by 55% compared to 2023. 58% of Maniscalco's compensation, or $1M, was in stock awards. Maniscalco also received $368K in bonus, $375K in salary, as well as $12K in other compensation.
Wes Cummins, Chief Executive Officer, received a compensation package of $1.2M, which decreased by 79% compared to previous year. 49% of the compensation package, or $600K, was in bonus.
David Rench, Chief Financial Officer, earned $987K in 2024, a 64% decrease compared to previous year.
Applied Digital Corp.'s fiscal year ends on May 31.
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Source: SEC filing on October 22, 2024.