How Cummins was paid
$189.2M in total for fiscal Year 2026, 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 and Chairman | $875,000 | $1,200,000 | $185,900,249 | $1,242,271 | $189,217,520 |
| Jason ZhangPresident and Co-Founder and Former Co-Founder and Chief Strategy Officer | $688,279 | — | $99,325,997 | $21,069 | $100,035,346 |
| Saidal MohmandChief Financial Officer | $525,000 | $1,106,313 | $38,635,052 | $214,541 | $40,480,906 |
| Laura LaltrelloChief Operating Officer | $527,083 | $215,800 | $1,842,526 | $48,802 | $2,634,211 |
What changed and why
- $185.9M$185.9 million in stock awards drove Wes Cummins’ $189.2 million total compensation, versus $27.7 million in 2025.
- $99.3M$99.3 million in stock awards drove Jason Zhang’s $100.0 million total compensation in his first disclosed year as a named executive.
- 52.6%52.6% of votes supported say-on-pay at the 2025 annual meeting, prompting extensive stockholder engagement.
- 25%Fiscal 2027 annual incentives shift to objective adjusted cash EBITDA goals, with individual performance modifying payouts by up to 25%.
- CEO multi-year PSUs use ambitious stock-price hurdles and require a two-year post-vesting holding period.
- $36B$36 billion of contracted revenue and 1.41GW of contracted capacity marked Fiscal Year 2026 business growth.
Other Applied Digital proxy statements
- 2025 proxy statement
Wes Cummins paid $27.7M.
Filed Sep 22, 2025
About this page
The figures were read out of the DEF 14A proxy statement on EDGAR by a language model and every number was then checked against the filing text; a figure that could not be found there is left out rather than shown. Totals follow SEC rules, which value stock and option awards at grant. Read the filing for footnotes and the compensation committee's full reasoning.