APLD grants 2.7M PSUs to CEO, CFO, and VP tied to hyperscaler data center leases and revenue milestones

Applied Digital Corp.

CEO Wes Cummins awarded 1.6M PSUs (800k each tranche) tied to leasing Buildings A and B, financing, and sustainable revenue by Dec 31, 2027.
CFO Saidal Mohmand (490k PSUs) and David Rench (612.5k PSUs) granted with same performance conditions; vest after 1 year plus milestones.
Upon change of control before 2027, all PSUs vest in full, subject to continued employment.
PSUs forfeited if milestones not met by Dec 31, 2027; partial retention on qualifying termination based on achieved conditions A-C.

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