Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

The susceptions susceptions for executive pay packets to drive bitcoin (Btc) miners to an average of 64% in the proxy season of this year, in addition to the more than 90% of the approval of approval on S & P 500, according to to July 10 Vaneck Search note.

Vaneck has revised the files from eight minor listed and found average-executive (noo) excursion from $ 6.6 million at $ 14.4 million 1224 Proxies.

Equity and other long-term instruments on 79% total pay in 2023 and 8% and 89 € and the Russian weight of the energy sector.

The basic salaries have been closed to the close industry at approximately $ 474,000, but the equity presents increased significantly.

Riot ‘platform’ CEO has secured a $ 79.3 million 2024 Stock Premward, almost double-marathons of 40.1 million and multiple times the median pair. In your me? Scientific core (I’m), which was emerging from the failure, issued its CEO $ 39.5 million in stock as part of the remuneration.

Say-on-pay votes shows mounting resistance

Corz, Riot, and Marathela (Mara) Make its 2025 counseling votes, the application approval rates of the only 38%, 32%, and 22%, respectively.

The 70% Board’s Support Limit of the 70% of the Board as “low support”, a failure of 75% for the Russell 3000.

Investors also discovered the expansion of the equity floor expansion equal to 10% of the actions of outstanding things were approved to Terawulf and i corz, while the smaller increases were approved to Digitally bit, Hut 8and mara. Analysts have notified that the reserves of generous share that reserves insider inside advertises when selling the prison on short timelines.

Gradual change toward the performance meeting

Six of the eight miners used the stock of performance stock (psus) than the price of the multi-year-year price or takehols to the TAKEWORK TAKEWORK, up to two in 2022. However, Cliantapain It is yet to adopt psus, and a digital bit authorizing but no issue.

Vaneck noticed that most plans are still two of the three-year-old horizon and “, left the gaps of alignment with the creation in the long-term alliation.

Comparing 2024 Neo Pay with market genes shows the 11 million of the 70 million of the edge of the edge

Vaneck has concluded that bords can the temper push-back in link Bonuses to the cost-per-coin To enforce operation discipline, attack the long-term equity instead of the absolute price goals, and extend vester’s plans

Mentioned in this item