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Wes Cummins received $27.7M in total compensation as Principal Executive Officer of Applied Digital Corp. in FY2025. The largest component was $27.2M in stock awards. Source: SEC DEF 14A.
In fiscal year 2025, Wes Cummins, Principal Executive Officer of Applied Digital Corp. (APLD), received total compensation of $27.7 million.
Wes Cummins's compensation breakdown includes: base salary of $500K, stock awards valued at $27.2 million,.
Applied Digital Corp.'s top 1 named executive officers received combined total compensation of $27.7 million in fiscal year 2025.
The named executive officers disclosed in Applied Digital Corp.'s 2025 proxy statement are:Wes Cummins (Principal Executive Officer) with total compensation of $27.7 million.
Source Filing
Executive Record
Wes Cummins
Principal Executive Officer
Reported Pay
$27.7MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $27.7M against shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +999%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for APLD.
Team view
1 executive
Principal Executive Officer
Total PayFY2025
$27.7M
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01FY2025 total compensation breakdown
$27.7M total compensation
Wes Cummins earned $27.7M in FY2025— here's how that breaks down.
$27.2M
98% of total
$500.0K
2% of total
Activity timeline · FY2025
Recent events from filings
Nov 25, 2025
Jason Zhang — Retention Agreement | Awarded 170,000 restricted stock units (RSUs).; RSUs represent a right to receive one share of common stock upon vesting.; RSUs were fully vested on the Grant Date (November 25, 2025).; Awarded under the Company's 2024 Omnibus Equity Incentive Plan.
Nov 25, 2025
Jason Zhang RSU – 2024 Omnibus Equity Incentive Plan (170,000 threshold)
Sep 22, 2025
Wes Cummins Restricted Stock Award – 2024 Incentive Plan (28,606 threshold)
Sep 22, 2025
Wes Cummins PSU – 2024 Incentive Plan
Sep 22, 2025
Chad Mohmand RSU – 2022 Incentive Plan
Sep 22, 2025
Chad Mohmand PSU – 2024 Incentive Plan
Sep 22, 2025
Ms. Laltrello RSU – 2024 Incentive Plan (600,000 threshold)
Sep 22, 2025
Wes Cummins grant (Restricted Stock Award)
2024 Incentive PlanA pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the mid-cap median compensation benchmark for companies around $9.2B market cap, based on 475 peers in this size band.
03Recent insider trades by officers and directors
~40 trades
04Showing FY2025 data (latest available)
FY2026does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
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Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $0.50M | $0.00M | $27.2M | $0.00M | $0.00M | $27.7M | |
| 2024 | $0.60M | $0.60M | $0.00M | $0.00M | $0.04M | $1.24M | |
| 2023 | $0.31M | $0.15M | $0.00M | $0.00M | $5.49M | $5.95M | |
| 2022 | $0.28M | $0.30M | $4.02M | $0.00M | $0.00M | $4.60M | |
| 2021 | $0.05M | $0.00M | $0.00M | $0.00M | $0.00M | $0.05M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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Applied Digital Corp. (APLD) — Key Facts
Last updated Jul 8, 2026 · DEF 14A filed Sep 22, 2025
| CEO | Wes Cummins, Principal Executive Officer |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $27.7M |
| Base salary | $500K |
| Stock awards | $27.2M |
| Source | DEF 14A, 2025-09-22 |
Wes Cummins, the Principal Executive Officer of Applied Digital Corp., received total compensation of $27.7 million in fiscal year 2025. This includes base salary of $500,000 and stock awards valued at $27.2 million.
Wes Cummins's base salary at Applied Digital Corp. is $500,000 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $27.7 million.
Applied Digital Corp.'s CEO, Wes Cummins, earned $27.7 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($27.2 million) rather than base salary ($500,000).