Companies Iren Ltd
Iren (IREN): executive pay, fiscal 2026
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CEO pay, last three years
- $49,988,498FY2026
CEO total pay was $49,988,498 in fiscal 2026; the brief holds no earlier figure for this CEO.
FY2026: salary $1,080,971 · bonus $0 · stock awards $46,032,491 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Daniel Roberts | $1,080,971 | $0 | $46,032,491 | $0 | $2,750,000 | $0 | $125,036 | $49,988,498 |
| Co-Chief Executive Officer | ||||||||
| Anthony Lewis | 417,311 | 0 | 3,543,353 | 0 | 643,166 | 0 | 19,029 | 4,622,859 |
| Chief Financial Officer | ||||||||
| Belinda Nucifora | 110,431 | 0 | 1,640,438 | 0 | 0 | 0 | 298,755 | 2,049,624 |
| Former Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Daniel Roberts | $49,988,498 | — | — | — |
| Anthony Lewis | 4,622,859 | — | — | — |
| Belinda Nucifora | 2,049,624 | 2,321,407 | 921,643 | ↓ −271,783 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation programs are designed to attract, motivate and retain the talent that can deliver strong returns on shareholder investments through a highly motivated culture focused on innovation, operational excellence and continued growth.
| CEO STI target (% of salary) | 200% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Anthony Lewis | RSU | 2025-07-01 | — | — | 63,910 | — | $931,169 |
| Anthony Lewis | PSU | 2025-07-01 | 13,725 | 27,449 | — | 54,897 | 709,269 |
| Anthony Lewis | RSU | 2025-07-01 | — | — | 130,605 | — | 1,902,915 |
| Belinda Nucifora | RSU | 2025-07-01 | — | — | 63,910 | — | 931,169 |
| Belinda Nucifora | PSU | 2025-07-01 | 13,725 | 27,449 | — | 54,897 | 709,269 |
| Daniel Roberts | RSU | 2025-07-01 | — | — | 1,793,392 | — | 26,129,721 |
| Daniel Roberts | PSU | 2025-07-01 | 385,116 | 770,231 | — | 1,540,462 | 19,902,769 |
| William Roberts | RSU | 2025-07-01 | — | — | 1,793,392 | — | 26,129,721 |
| William Roberts | PSU | 2025-07-01 | 385,116 | 770,231 | — | 1,540,462 | 19,902,769 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Anthony Lewis | $2,834,084 | $709,269 | $0 | 20.0% |
| Belinda Nucifora | 931,169 | 709,269 | 0 | 43.2% |
| Daniel Roberts | 26,129,721 | 19,902,769 | 0 | 43.2% |
| William Roberts | 26,129,721 | 19,902,769 | 0 | 43.2% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Roberts | RSU | 22,922 | — | $1,048,223 |
| Belinda Nucifora | RSU | 84,450 | — | 2,232,111 |
| Roberts | RSU | 91,689 | — | 4,192,938 |
| Roberts | RSU | 236,198 | — | 10,801,335 |
| Roberts | RSU | 237,722 | — | 10,871,027 |
| Roberts | RSU | 529,275 | — | 24,203,746 |
| Roberts | RSU | 1,537,385 | — | 70,304,616 |
| Roberts | RSU | 1,540,462 | — | 70,445,327 |
| Roberts | RSU | 1,793,392 | — | 82,011,816 |
| Roberts | RSU | 6,584,042 | — | 289,855,538 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| David BartholomewIndependent · Board Chair · Audit and Risk · Compensation (Chair) | $258,657 | $713,347 | — | — | $6,343 | $978,347 |
| Michael AlfredIndependent · Audit and Risk · Compensation | 220,000 | 570,678 | — | — | — | 790,678 |
| Sunita ParasuramanIndependent · Audit and Risk (Chair) · Compensation | 147,500 | 570,678 | — | — | — | 718,178 |
| Christopher GuzowskiIndependent · Audit and Risk · Compensation | 120,000 | 570,678 | — | — | — | 690,678 |
| Daniel RobertsEmployee director | — | — | — | — | — | 0 |
| William RobertsEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $120,000 |
|---|---|
| Annual equity retainer | $320,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 27,500 / 25,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $746,157 |
| Equity awards (grant-date value) | $2,425,381 |
| All other compensation | $6,343 |
| Total cost of the board | $3,177,881 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Iren as a peer
Companies that benchmark against IREN
3 companies name IREN as a compensation peer
The list of companies that name IREN as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2026
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies Iren Ltd names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Hut 8 | 2025 | Asher Genoot | $550,000 | $238,248,457 | $0 | $0 | $239,909,042 |
| 2 | Iren Ltd | 2026 | Daniel Roberts | 1,080,971 | 46,032,491 | 0 | 2,750,000 | 49,988,498 |
| 3 | CleanSpark | 2025 | S. Matthew Schultz | 862,917 | 37,098,637 | 0 | 0 | 44,901,507 |
| 4 | TeraWulf | 2025 | Paul Prager | 1,000,372 | 23,151,000 | 0 | 0 | 39,411,005 |
| 5 | Mara Holdings | 2025 | Fred Thiel | 978,500 | 19,518,868 | 0 | 2,201,625 | 27,053,236 |
| 6 | Cipher Mining | 2025 | Rodney Tyler Page | 825,000 | 12,479,623 | 0 | 0 | 14,968,623 |
| 7 | Galaxy Digital | 2025 | Michael Novogratz | 500,000 | 1,102,265 | 3,078,086 | 0 | 7,651,727 |
| 8 | CoreWeave | 2025 | Michael Intrator | 748,932 | 0 | 0 | 0 | 3,454,004 |
| 9 | DigitalOcean | 2025 | Padmanabhan Srinivasan | 600,000 | 0 | 0 | 588,000 | 1,210,795 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Iren Ltd | 125% | RSU 67 · PSU 33 | Yes — Relative TSR | FW Cook |
| Cipher Mining | 200% | RSU 50 · PSU 50 | Yes — Relative TSR vs S&P Americas SmallCap Software & Services Index | Semler Brossy |
| CleanSpark | not disclosed | RSU 60 · PRSU 40 | No | Compensia Inc. |
| CoreWeave | not disclosed | RSU 100 | not disclosed | Semler Brossy |
| DigitalOcean | 98% | PSU 65 · RSU 35 | No | Compensia |
| Galaxy Digital | not disclosed | RSU 100 | not disclosed | Semler Brossy |
| Hut 8 | 200% | not disclosed | No | Compensia, Inc. |
| Mara Holdings | not disclosed | PSU 67 · RSU 33 | Yes — Relative TSR | Compensia, Inc. |
| TeraWulf | not disclosed | not disclosed | No | Lyons, Benenson & Company Inc. |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-11-19 | 215,574,890 | 29,396,834 | 3,897,710 | 88% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-11-19 | 88%a |
a. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 436 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | $114,400 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (34 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Daniel Roberts. DEF 14A, filed 2026-10-13. Section “Summary Compensation Table” · page 30. As printed: 49,988,498. View filing ↗
- Section 01, Anthony Lewis. DEF 14A, filed 2026-10-13. Section “Summary Compensation Table” · page 30. As printed: 4,622,859. View filing ↗
- Section 01, Belinda Nucifora. DEF 14A, filed 2026-10-13. Section “Summary Compensation Table” · page 30. As printed: 2,049,624. View filing ↗
- Section 03, Anthony Lewis RSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Lewis PSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Lewis RSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Belinda Nucifora RSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Belinda Nucifora PSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Daniel Roberts RSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Daniel Roberts PSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, William Roberts RSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, William Roberts PSU. DEF 14A, filed 2026-10-13. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-10-13. Section “CEO Pay Ratio”. As printed: 436 : 1. View filing ↗
- Section 08, David Bartholomew. DEF 14A, filed 2026-10-13. Section “Director Compensation”. As printed: 978,347. View filing ↗
- Section 08, Michael Alfred. DEF 14A, filed 2026-10-13. Section “Director Compensation”. As printed: 790,678. View filing ↗
- Section 08, Sunita Parasuraman. DEF 14A, filed 2026-10-13. Section “Director Compensation”. As printed: 718,178. View filing ↗
- Section 08, Christopher Guzowski. DEF 14A, filed 2026-10-13. Section “Director Compensation”. As printed: 690,678. View filing ↗
- Section 08, Daniel Roberts. DEF 14A, filed 2026-10-13. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, William Roberts. DEF 14A, filed 2026-10-13. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-11-24. Item 5.07 · say-on-pay result. As reported: 88% (votes for as printed: 215,574,890). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 746,157 + equity 2,425,381 + all other 6,343 = 3,177,881, summed across the director compensation table rows.
- Hut 8, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Hut 8's own proxy. As printed: 239,909,042. View filing ↗
- Iren Ltd (subject), Section 10b CEO total. DEF 14A, filed 2026-10-13. CEO total compensation as printed in Iren Ltd's own proxy. As printed: 49,988,498. View filing ↗
- CleanSpark, Section 10b CEO total. DEF 14A, filed 2026-01-22. CEO total compensation as printed in CleanSpark's own proxy. As printed: 44,901,507. View filing ↗
- TeraWulf, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in TeraWulf's own proxy. As printed: 39,411,005. View filing ↗
- Mara Holdings, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Mara Holdings's own proxy. As printed: 27,053,236. View filing ↗
- Cipher Mining, Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Cipher Mining's own proxy. As printed: 14,968,623. View filing ↗
- Galaxy Digital, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Galaxy Digital's own proxy. As printed: 7,651,727. View filing ↗
- CoreWeave, Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in CoreWeave's own proxy. As printed: 3,454,004. View filing ↗
- DigitalOcean, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in DigitalOcean's own proxy. As printed: 1,210,795. View filing ↗
- Section 10a, Cipher Mining reciprocity. DEF 14A. Cipher Mining names Iren Ltd in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, CleanSpark reciprocity. DEF 14A. CleanSpark names Iren Ltd in its own disclosed peer group (read from its most recent proxy). View filing ↗