Applied Digital CEO Wes Cummins vests 100,000 RSUs under 2024 equity award plan
APLD•Applied Digital disclosed that CEO and Chairman Wes Cummins vested 100,000 restricted stock units on Oct. 10, 2026, with 39,350 shares withheld for taxes; he held 5,818,650 common shares directly afterward.
1. Equity award vesting
Applied Digital disclosed that 100,000 restricted stock units vested into common stock on Oct. 10, 2026. Cummins had 200,000 restricted stock units remaining after the vesting, while 39,350 common shares were withheld to cover taxes; his directly held common shares totaled 5,818,650 afterward.
