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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. That’s up 381% from FY2023. 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,.
Compared to fiscal year 2023, Wes Cummins's total compensation increased 381% from $5.8 million to $27.7 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
$27.7M
Summary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $27.7M against +264% 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 Restricted Stock Award – Original Cummins Employment Agreement (3,000,000 threshold)
Sep 22, 2025
Wes Cummins PSU – 2024 Incentive Plan
Sep 22, 2025
Chad Mohmand RSU – 2022 Incentive Plan (125,000 threshold)
Sep 22, 2025
Chad Mohmand RSU – 2022 Incentive Plan
Sep 22, 2025
Chad Mohmand PSU – 2024 Incentive Plan
A 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 $8.6B market cap, based on 159 peers in this size band.
03Recent insider trades by officers and directors
~32 trades
04Showing FY2024 data (latest available)
FY2026 does not include director compensation in our current dataset, so we're showing the latest board table we found.
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Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | Wes Cummins Principal Executive Officer | $0.50M | $0.00M | $27.2M | $0.00M | $0.00M | $27.7M |
| 2024 | Wes Cummins Chief Executive Officer, President, Secretary and Treasurer | $0.50M | $0.00M | $0.74M | $0.00M | $0.00M | $1.24M |
| 2023 | Wes Cummins Chairman of the Board and Chief Executive Officer | $0.50M | $0.00M | $5.00M | $0.27M | $0.00M | $5.76M |
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 Apr 10, 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 |
| Year-over-year change | +381% |
| 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).