---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017855"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:58:33.072076+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-017855
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224017855/0001493152-24-017855-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224017855/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017855
- JSON: https://secwatch.observer/filing/0001493152-24-017855.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017855.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.