CLEANSPARK INC
For the period ended Jan 22, 2025. Filed Jan 22, 2025.
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Jan 22, 2025 · Filed Jan 22, 2025
Contents
SUMMARY COMPENSATION TABLE*
| NAME ANDPRINCIPAL POSITION | YEAR | SALARY($) | BONUS(1)($) | STOCK AWARDS(2)($) | OPTION AWARDS(2)($) | ALL OTHER COMPENSATION(3)($) | TOTAL($) |
|---|---|---|---|---|---|---|---|
| Zachary K. BradfordCEO | 2024 | 800,000 | 8,886,666 | 5,000,001 | — | 754,915 | 15,441,582 |
| 2023 | 600,000 | 2,600,000 | 3,423,000 | — | 352,812 | 6,975,812 | |
| 2022 | 500,000 | 350,000 | 25,378,854 | 605,445 | 204,593 | 27,038,892 | |
| Gary A. VecchiarelliCFO | 2024 | 425,000 | 1,191,666 | 300,001 | — | 104,867 | 2,021,534 |
| 2023 | 400,000 | 400,000 | 2,282,000 | — | 49,233 | 3,131,233 | |
| 2022 | 263,828 | 145,300 | 1,707,000 | — | — | 2,116,128 | |
| S. Matthew SchultzExecutive Chairman | 2024 | 720,000 | 8,664,666 | 3,834,005 | — | 679,250 | 13,897,921 |
| 2023 | 540,000 | 2,340,000 | 3,080,700 | — | 318,038 | 6,278,738 | |
| 2022 | 350,000 | 329,000 | 21,814,888 | 484,356 | 170,721 | 23,148,965 | |
| Scott E. GarrisonCOO(4) | 2024 | 299,091 | 485,000 | 2,153,998 | — | — | 2,938,089 |
| Taylor MonnigCTO(4) | 2024 | 299,091 | 435,000 | 1,754,003 | — | — | 2,488,094 |
- Columns (g) and (h) required under Item 402(c) of Regulation S-K have been omitted from this table as they are not applicable.
(1) Amounts shown represent two tiers of bonuses: (i) discretionary bonuses as generally described under the executives’ respective employment agreements and earned based on goals approved by the Compensation Committee, and (ii) incentive-based non-equity incentive payments for meeting certain growth and performance targets under the specified performance measures, while meeting or exceeding efficiency targets.
(2) Amounts shown represent the aggregate grant date fair value, as computed in accordance with ASC Topic 718. For a discussion of the assumptions made in the valuations reflected in these columns, see Note 14 to the Consolidated Financial Statements contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024.
(3) Amounts shown include compensation paid in bitcoin in accordance with the executives’ respective employment agreements and certain taxes paid by the Company on behalf of the executives in accordance with the executives’ employment agreements. The value included in the table represents the bitcoin price on the date of the issuance of the bitcoin.
(4) Mr. Garrison and Mr. Monnig became NEOs on May 7, 2024 and were not NEOs during the fiscal years ended September 30, 2023 and 2022. The compensation earned in 2024 relates to service both before and after the May 7, 2024 appointment at NEOs.
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