Wes Cummins compensation by year
Applied Digital Summary Compensation Table · all 5 fiscal years held| Component | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Salary | $279,167 | $312,500 | $600,000 | $706,251 | $875,000 |
| Bonus | $300,000 | $150,000 | $600,000 | $1,500,000 | $1,200,000 |
| Stock awards | $0 | $0 | $0 | $25,462,000 | $185,900,249 |
| Option awards | — | $0 | $0 | $0 | $0 |
| Non-equity incentive | $4,020,000 | $0 | $0 | $0 | $0 |
| Pension and deferred compensation | — | $0 | $0 | $0 | $0 |
| All other | $0 | $5,492,078 | $37,002 | $39,841 | $1,242,271 |
| Total | $4,599,167 | $5,954,578 | $1,237,002 | $27,708,092 | $189,217,520 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Applied Digital Corp. DEF 14A filed September 22, 2025, accession 0001493152-25-014495, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Applied Digital Corp. filed document, accession 0001493152-25-014495. Every figure is read from that document and cited to the page and table it appears in. Filed September 22, 2025.
Equity holdings
unvested awards at FY2026 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 4,500,000 | $212,760,000 | — |
| RSU | 1,600,000 | $75,648,000 | — |
| RSU | 1,500,000 | $70,920,000 | — |
| RSU | 300,000 | $14,184,000 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Applied Digital Corp.'s FY2026 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
25 Form 4 lines since the FY2025 proxy (filed September 22, 2025)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-10-16 | Purchase | — | 55,803 | $18.04 | 5,874,453 |
| 2026-10-10 | Tax withholding | — | 39,350 | $23.68 | 5,818,650 |
| 2026-10-10 | Exercise or conversion derivative | — | 100,000 | $0.00 | 200,000 |
| 2026-10-10 | Exercise or conversion | — | 100,000 | — | 5,858,000 |
| 2026-08-04 | Other | — | 714,685 | — | 12,798 |
| 2026-07-31 | Grant or award | — | 1,600,000 | — | 6,387,600 |
| 2026-07-31 | Tax withholding | — | 629,600 | $27.39 | 5,758,000 |
| 2026-06-22 | Grant or award | — | 800,000 | — | 5,102,400 |
The 8 most recent of 25 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments Applied Digital discloses, by trigger · FY2026| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Change in control, no termination | $0 | $165,480,000 | $0 | $165,480,000 |
| Involuntary termination without cause | $2,187,500 | $137,112,000 | $85,030 | $139,384,530 |
| Change in control and involuntary termination | $4,375,000 | $236,400,000 | $85,030 | $240,860,030 |
Per the Potential Payments Upon Termination or Change in Control table in Applied Digital Corp.'s FY2026 proxy. Estimates as the company printed them; a dash means it printed no figure.
Applied Digital’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Wes Cummins · this page | Chief Executive Officer and Chairman | $27,708,092 |
| Laura Laltrello | Chief Operating Officer | $9,946,409 |
| Saidal Mohmand | Chief Financial Officer | $9,787,555 |
Board service
Applied Digital board · FY2023–FY2026How this board is paid
Company policy: Applied Digital pays directors a $40,000 cash retainer and $240,000 in RSUs. As stated in Applied Digital's FY2026 proxy.
The full Applied Digital compensation record
free company briefThis page is one person within Applied Digital's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the Applied Digital 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 Applied Digital'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 Applied Digital'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.
Order APLD
Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.