secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001493152-26-008063
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MARA adopts new RSU/PSU agreements tying executive pay to megawatt capacity and recurring revenue
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- RSUs vest over 11 quarterly installments from April 2026 to Dec 2028, subject to continued employment.
- PSUs tied to FY2026 metrics: Economic Triad Megawatt Capacity and Annual Recurring Revenues; payout up to 249% of target.
- Earned PSUs: 1/3 settles after certification, remaining 2/3 vest in two annual installments on anniversaries.
- Relative TSR modifier over 3-year period (2026-2028) adjusts payout; aggregate LTIP payout capped at 200% of target.
- Change in control: unvested PSUs treated like RSUs with performance deemed at target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315226008063/0001493152-26-008063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315226008063/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer