Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-04-29

Stronghold Digital Mining (SDIG)

Fiscal year 2023 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,508,103
Gregory Beard total, FY2023
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against SDIG
No companies currently name SDIG as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Gregory Beard$600,000$499,603$408,500$0$0$0$0$1,508,103
Chief Executive Officer and Chairman
Matthew Smith300,000450,000285,00000001,054,731
Chief Financial Officer
Richard Shaffer163,32735,00059,37500010,876268,579
Senior Vice President, Asset Management

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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Gregory Beard$1,508,103$493,615+1,014,488
Matthew Smith1,054,7311,644,809−590,078
Richard Shaffer268,579269,529−950

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Gregory BeardOTHER$408,500
Richard ShafferOTHER59,375
Matthew SmithOTHER285,000
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Matthew SmithRSU131,946$963,206
Gregory BeardRSU200,00014,600,000
Richard ShafferRSU28,129205,342
05

Incentive-plan design — the Compensation Discussion & Analysis

The purpose of the OIP is to attract, retain and motivate qualified persons as employees, directors and consultants of the Company and its affiliates. The OIP also provides a means through which such persons can acquire and maintain stock ownership or awards, the value of which is tied to the performance of the Company

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policytrue
Anti-hedgingtrue
Anti-pledging
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Bill SpenceNot independent · Departed during FY$0$2,225,000$0$0$256,667$2,481,667
Indira AgarwalIndependent · Audit (Chair) · Compensation75,000160,840000235,840
Sarah P. JamesIndependent · Nominating/Governance (Chair)68,750160,840000229,590
Thomas J. PacchiaIndependent · Lead Independent Director · Audit · Compensation (Co-Chair)63,750160,840000224,590
Thomas R. Trowbridge, IVIndependent · Compensation (Co-Chair) · Nominating/Governance63,750160,840000224,590
Thomas DohertyIndependent · Audit · Nominating/Governance · Newly elected55,00081,667000136,667
Matthew J. SmithEmployee director00000
Gregory A. BeardEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$55,000
Annual equity retainer$160,840
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)13,750 / 20,000 / 8,750
Stock ownership guideline
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$326,250
Equity awards (grant-date value)$2,950,027
All other compensation$256,667
Total cost of the board$3,532,944

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Stronghold Digital Mining2023Gregory Beard$600,000$408,500$0$0$1,508,103

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Gregory BeardDEF 14A2024-04-290001140361-24-022864Section “Summary Compensation Table”. As printed: 1,508,103. Filing ↗machine: t81 · r1 · c18 · span 277186–277196
2Section 01, Matthew SmithDEF 14A2024-04-290001140361-24-022864Section “Summary Compensation Table”. As printed: 1,054,731. Filing ↗machine: t81 · r3 · c18 · span 284569–284579
3Section 01, Richard ShafferDEF 14A2024-04-290001140361-24-022864Section “Summary Compensation Table”. As printed: 268,579. Filing ↗machine: t81 · r5 · c18 · span 291929–291936
4Section 03, Gregory Beard OTHERDEF 14A2024-04-290001140361-24-022864Section “TABLE OF CONTENTS EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t81 · r1 · c12 · span 275913–275920
5Section 03, Richard Shaffer OTHERDEF 14A2024-04-290001140361-24-022864Section “TABLE OF CONTENTS EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t81 · r5 · c12 · span 290685–290691
6Section 03, Matthew Smith OTHERDEF 14A2024-04-290001140361-24-022864Section “TABLE OF CONTENTS EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t81 · r3 · c12 · span 283476–283483
7Section 08, Bill SpenceDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 2,481,667. Filing ↗machine: t91 · r6 · c12 · span 374779–374788
8Section 08, Indira AgarwalDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 235,840. Filing ↗machine: t91 · r1 · c12 · span 361720–361727
9Section 08, Sarah P. JamesDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 229,590. Filing ↗machine: t91 · r3 · c12 · span 367041–367048
10Section 08, Thomas J. PacchiaDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 224,590. Filing ↗machine: t91 · r4 · c12 · span 369530–369537
11Section 08, Thomas R. Trowbridge, IVDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 224,590. Filing ↗machine: r5 · c12 · span 372373–372380
12Section 08, Thomas DohertyDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 136,667. Filing ↗machine: t91 · r2 · c12 · span 364204–364211
13Section 08, Matthew J. SmithDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Gregory A. BeardDEF 14A2024-04-290001140361-24-022864Section “Director Compensation”. As printed: 0. Filing ↗
15Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
16Section 09b board cost (computed)ComputedcomputedCash 326,250 + equity 2,950,027 + all other 256,667 = 3,532,944, summed across the director compensation table rows.machine: formula: Σ = 3,532,944
17Stronghold Digital Mining (subject), Section 10b CEO totalDEF 14A2024-04-290001140361-24-022864CEO total compensation as printed in Stronghold Digital Mining's own proxy. As printed: 1,508,103. Filing ↗machine: t81 · r1 · c18 · span 277186–277196