How Cummins was paid
$27.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Wes CumminsChief Executive Officer, Chairman and President | $706,251 | $1,500,000 | $25,462,000 | $39,841 | $27,708,092 |
| Saidal MohmandChief Financial Officer | $369,792 | $445,313 | $8,932,700 | $39,751 | $9,787,555 |
| Laura LaltrelloChief Operating Officer | $222,917 | $176,000 | $9,534,000 | $13,493 | $9,946,409 |
What changed and why
- $27.7M$27,708,092 was CEO Wes Cummins’ total compensation in fiscal 2025, versus $1,237,002 in fiscal 2024.
- $25.5M$25,462,000 of Cummins’ fiscal 2025 compensation consisted of stock awards.
- $1.5M$1,500,000 was Cummins’ fiscal 2025 bonus, including a $62,500 salary true-up payment.
- $8.9M$8,932,700 and $9,534,000 were the stock awards granted to the CFO and COO, respectively.
- 100%100% of base salary was Cummins’ target annual performance bonus, with a maximum payout of 200%.
- 97%97% of votes cast supported executive compensation at the 2024 Annual Meeting.
Other Applied Digital proxy statements
- 2026 proxy statement
Wes Cummins paid $189.2M (+583% on the year), pay ratio 828:1.
Filed Sep 25, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.