Marathon Digital grants LTIP awards up to $34.2M for CEO; reorganizes into business units

MARA Holdings, Inc.

CEO Fred Thiel receives LTIP target value of $17.1M in RSUs; maximum payout at 200% of target is $34.2M.
CFO Salman Khan target value $11.25M; General Counsel Zabi Nowaid target $4.5M.
Vesting tied to 2024 TSR vs peer group percentile; payout ranges from 0% to 200% of target.
Company reorganizes into three business units: digital asset mining (James Crawford), technology (Ashu Swami), strategic initiatives & energy harvesting (Adam Swick).
LTIP awards have a three-year service vesting after performance determination in Jan 2025.

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