Fred Thiel compensation by year
MARA Summary Compensation Table · all 5 fiscal years held| Component | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Salary | $339,734 | $677,749 | $800,000 | $950,000 | $978,500 |
| Bonus | $500,000 | $562,500 | $1,800,000 | $0 | $0 |
| Stock awards | $17,182,601 | $0 | $33,506,720 | $40,094,856 | $19,518,868 |
| Option awards | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $0 | $0 | $0 | $1,998,563 | $2,201,625 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 |
| All other | $0 | $0 | $9,900 | $201,390 | $4,354,243 |
| Total | $18,022,335 | $1,240,249 | $36,116,620 | $43,244,809 | $27,053,236 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: MARA Holdings, Inc. DEF 14A filed April 30, 2026, accession 0001507605-26-000010, and prior-year filings. Open the filing on EDGAR.
How this page was built: the MARA Holdings, Inc. filed document, accession 0001507605-26-000010. Every figure is read from that document and cited to the page and table it appears in. Filed April 30, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 2,748,316 | $24,679,878 | — |
| PSU | 158,163 | $1,420,304 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in MARA Holdings, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments MARA discloses, by trigger · FY2024| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Change in control and involuntary termination | $950,000 | $46,563,246 | $10,992 | $48,474,238 |
| Involuntary termination without cause | $950,000 | $46,563,246 | $10,992 | $48,474,238 |
| Resignation for good reason, no change in control | $950,000 | $46,563,246 | $10,992 | $48,474,238 |
Per the Potential Payments Upon Termination or Change in Control table in MARA Holdings, Inc.'s FY2024 proxy. Estimates as the company printed them; a dash means it printed no figure.
MARA’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Fred Thiel · this page | Chief Executive Officer and Chairman of the Board | $27,053,236 |
| Salman Khan | Chief Financial Officer | $18,890,432 |
| Zabi Nowaid | General Counsel and Corporate Secretary | $6,112,668 |
Board service
MARA board · FY2021–FY2025| Fiscal year | Cash fees | Stock awards | Option awards | Other | Total |
|---|---|---|---|---|---|
| FY2025 | — | — | — | — | — |
| FY2024 | $0 | $0 | $0 | $0 | — |
| FY2022 | $0 | $0 | $0 | $0 | — |
| FY2021 | $24,092 | $2,079,656 | $0 | $0 | $2,103,748 |
Each year as the company reported it in MARA's director compensation table. Totals are the company's own disclosed totals.
How this board is paid
Company policy: MARA pays directors a $100,000 cash retainer and $600,000 in RSUs. As stated in MARA's FY2025 proxy.
The full MARA compensation record
free company briefThis page is one person within MARA's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the MARA proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order MARA's full Executive Compensation Report with peer benchmarking.
How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are MARA's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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