Terawulf (WULF) executive compensation, 2026 proxy

Paul Prager, Chief Executive Officer and Chairman of the Board of Directors, was paid $39.4M in fiscal 2025, up 470% from $6.9M the year before.

Filed
April 28, 2026
Annual meeting
June 9, 2026
Pay year
fiscal 2025
Named executives
6
CEO total pay
$39.4M+470% vs prior year
CEO pay in equity
59%$23.2M in awards
Prior say-on-pay support
74%of votes cast
CEO Target Bonus
150%Percentage of base salary
Say-on-Pay Approval
74%Prior year support

How Prager was paid

$39.4M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary3%Bonus38%Stock awards59%All other compensation1%

Named executive officers

ExecutiveTotal
Paul PragerChief Executive Officer and Chairman of the Board of Directors$39,411,005
Patrick FleuryChief Financial Officer$20,133,749
Kerri LanglaisChief Strategy Officer and Director$20,189,002
Nazar KhanChief Technology Officer and Director$30,059,449
William TanimotoChief Accounting Officer$1,051,053
Kenneth DeaneFormer Chief Accounting Officer and Treasurer$628,108

What changed and why

  • $39.4MCEO total compensation increased to $39,411,005 in fiscal 2025.
  • $15MPaul Prager received a $15,000,000 bonus and $23,151,000 in stock awards.
  • 74%Say-on-pay received 74% stockholder approval at the prior annual meeting.

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.