How Les was paid
$3.5M 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 | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Jason M. LesCEO (Principal Executive Officer) | $1,584,337 | — | — | $1,827,581 | $48,304 | $3,460,222 |
| Benjamin YiExecutive Chairman | $1,576,043 | — | $1,867,438 | $8,853 | — | $3,452,334 |
| Colin YeeCFO (Principal Financial Officer) | $500,000 | — | $625,000 | $8,655 | — | $1,133,655 |
| Jonathan GibbsFormer Chief Data Center Officer | $320,833 | $4,708,280 | $6,989,497 | $641,667 | $14,505 | $12,674,783 |
| Stephen HowellChief Operating Officer | $450,000 | $6,160,152 | — | $562,500 | $28,074 | $7,200,726 |
What changed and why
- $83.5MCEO total compensation decreased from $83,532,328 in 2024 to $3,460,222 in 2025 due to no long-term incentive awards granted to prior NEOs in 2025.
- None of the Company's 2024 Named Executive Officers were granted any long-term incentive program awards in 2025.
- The Board added a cap on payouts when relative Total Shareholder Returns are negative on an absolute basis for future awards.
- 31.5%The Say-on-Pay vote at the 2025 Annual Meeting received 31.5% support, leading to extensive stockholder outreach and program reviews.
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.