Sundar PichaiSundar Pichai earned $164M in 2023

Wes Cummins is the CEO of Applied Digital. He has a solid tech background with a degree in Computer Science from Stanford University. Wes has been in the tech investment scene for over 20 years. Before becoming the CEO, he...

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Wes Cummins

CEO of Applied Digital

Education

BSBA from Washington University in St. Louis

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1977 - 48 years ago

CEO of Applied Digital for

4 years 4 months (Mar 2021 - Present)

Previous Experience

Founder and CEO of 272 Capital LP, President of B. Riley Asset Management

Rivals

Competitors/colleagues of Wes Cummins

Holdings

See how much did Wes Cummins make over time.

As of late 2023, Wes Cummins held significant shares in Applied Digital through his employment agreement, which includes performance-based stock options. In 2022, he was granted 1.1 million shares of restricted stock, which are set to vest over three years....

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Total Stock Sold

$1.93M

APLD

$1.93M

200,000 APLD shares

What if they kept their stock?

If Wes Cummins didn't sell their stock, today they would have:
Extra APLD200,000 shares worth $5.03M.
This is 160.25% and $3.10M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Wes Cummins.

APLD

$1.84M

APLD at $9.20/share

Nov 27, 2024

Sale

APLD

600,000 shares

APLD

Oct 10, 2024

Received

APLD

$61.70K

APLD at $6.17/share

May 17, 2023

Purchase

APLD

$87.50K

APLD at $3.50/share

Apr 14, 2023

Purchase

APLD

$90.00K

APLD at $3.60/share

Apr 13, 2023

Purchase

APLD

$79.50K

APLD at $3.18/share

Apr 12, 2023

Purchase

APLD

$76.50K

APLD at $3.06/share

Feb 15, 2023

Purchase

APLD

$76.50K

APLD at $3.06/share

Feb 13, 2023

Purchase

APLD

$79.25K

APLD at $3.17/share

Feb 10, 2023

Purchase

APLD

$80.50K

APLD at $3.22/share

Feb 9, 2023

Purchase

Compensation History

See how much did Wes Cummins make over time.

In the fiscal year of 2023, Wes Cummins' total compensation was reported at around $5.95 million. His salary stood at $312,500 with an additional $150,000 as a bonus. Most of his pay came from other benefits, which totaled over $5.49 million. This approach shows that he’s focused on cash earnings instead of stock options, which were non-existent for him that year. His accountable performance metrics decide how much bonus he gets, showing a direct link between his leadership and company performance. Last fiscal year, his pay significantly expanded, reflecting both confidence in the company's future and his active role in its strategic direction. The compensation structure seems designed to retain top talent while keeping the focus on immediate results over long-term stock awards.

Year

2023

Total Compensation

$5.95M

Salary

$312.50K

Board Justification

The compensation philosophy aligns with company performance and peer benchmarking to retain top talent.

Bonus

$150.00K

Board Justification

The annual bonus is determined at the Board’s sole discretion based on performance metrics and company performance.

Other

$5.49M

Board Justification

Other compensation includes health care premiums and other benefits paid by the Company.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on cash compensation.

Performance Metrics

Performance metrics are determined by the Board and include financial and operational goals.