Jeffrey G. McGonegal, born in 1951, has had a long and varied career in finance, particularly in public companies. He has been the Chief Financial Officer and Chief Executive Officer at Riot Platforms, Inc., where he served from 2002 to...

Jeffrey G. McGonegal, born in 1951, has had a long and varied career in finance, particularly in public companies. He has been the Chief Financial Officer and Chief Executive Officer at Riot Platforms, Inc., where he served from 2002 to 2018 and then returned in 2021. Jeffrey's background in finance has been crucial in navigating the company through various challenges, especially during his leadership as CEO. Notably, he was involved in the company when it transitioned into the blockchain space. After announcing his retirement in 2022, he continued his role as a senior advisor, maintaining influence in the company's operations. As for his pay, in 2022, his total compensation reached around $211.5 million, which highlights his value to the company, reflecting their strategy of rewarding key performance. He has shown adaptability and a long-term commitment to Riot, contributing to its evolution in a fast-paced industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Riot Platforms, Inc. CEOs

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Jeffrey G. McGonegal

Ex-CEO of Riot Platforms, Inc.

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

January 1, 1951 - 74 years ago

CEO of Riot Platforms, Inc. for

2 years 0 months (Feb 2019 - Feb 2021)

Previous Experience

Public company executive and financial reporting experience, including senior leadership roles working primarily with public entities assisting them with financing, merger and acquisition transactions.

Rivals

Competitors/colleagues of Jeffrey G. McGonegal

C

Zachary K. Bradford

CEO of CleanSpark

2023 Compensation

Stock

$0.00

Salary

$600.00K

Bonus

$2.60M

Other

$352.81K

Total Holdings

$25.76M

C

Brian Armstrong

Founder and CEO of Coinbase Global, Inc.

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$3.70M

Total Holdings

$8.55B

Holdings

See how much did Jeffrey G. McGonegal make over time.

Jeffrey McGonegal has significant holdings in Riot Platforms, with a notable increase in stock value during his tenure. In 2021, he exercised 12,000 stock options and received 20,000 RSUs worth around $655,800. His compensation reflects this performance-oriented approach, with some...

Jeffrey McGonegal has significant holdings in Riot Platforms, with a notable increase in stock value during his tenure. In 2021, he exercised 12,000 stock options and received 20,000 RSUs worth around $655,800. His compensation reflects this performance-oriented approach, with some years seeing a drastic increase in his total compensation, such as the jump to $211.5 million in 2022 from only about $18.2 million in 2021. This fluctuation in wealth indicates his involvement in key company decisions, aligning his interests with the company’s growth. His stock ownership ratio changed over time, showing a mix of cash and stock awards, but remained substantial throughout his time with the company.

Mar 18, 2025

R

shares

RIOT @ $7.40

Total Stock Sold

$1.41M

RIOT

$1.41M

50,000 RIOT shares

What if they kept their stock?

If Jeffrey G. McGonegal didn't sell their stock, today they would have:
Extra RIOT50,000 shares worth $109.00K.
This is -92.25% and $1.30M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jeffrey G. McGonegal.

RIOT

222,883 shares

RIOT

Sep 27, 2022

Received

RIOT

$1.40M

RIOT at $28.00/share

Dec 3, 2021

Sale

RIOT

104,895 shares

RIOT

Aug 28, 2020

Received

RIOT

122,377 shares

RIOT

Feb 6, 2020

Received

Compensation History

See how much did Jeffrey G. McGonegal make over time.

Jeffrey G. McGonegal’s compensation package reflects both cash and stock components tied to the performance of Riot Platforms. In 2022, his total compensation soared to $211.5 million, a considerable jump from $18.2 million in 2021, highlighting significant value creation during his leadership. A notable aspect of his compensation is that he received no bonuses or stock awards in some years, indicating a focus on aligning pay with performance directly. His 2021 compensation package included a mix of salary, vested stock worth around $655,800, and other benefits like medical insurance coverage. The structure of his pay has been designed to incentivize long-term growth and align his interests with those of the shareholders. McGonegal's financial acumen has been crucial for Riot, evidenced by the strategic decisions made during his tenure.

Year

2022

Total Compensation

$691.87K

Salary

$679.76K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on long-term value creation.

Bonus

$0.00

Board Justification

No bonus was reported for 2022.

Other

$12.11K

Board Justification

Includes medical insurance coverage and 401K match.

Restricted Stock

$0.00(0 RSAs)

Board Justification

No stock was reported as vested for 2022.

Performance Metrics

Performance metrics for compensation are based on individual performance objectives and overall company performance.

Other Riot Platforms, Inc. CEOs

Here are other CEOs of Riot Platforms, Inc.

Jason Les

Ex-CEO of Riot Platforms, Inc.

February 2021 - June 2022