Corporate GovernanceJul 1, 2026, 04:11 PM
IREN Grants Co-CEOs 9.1M RSUs Each with 6-Year Vesting
AI Summary
IREN Limited's Board of Directors approved the grant of 9,099,328 restricted stock units (RSUs) to each of its Co-Chief Executive Officers, William Roberts and Daniel Roberts. These Equity Grants are subject to a combined six-year vesting and holding period, with no further equity grants planned until fiscal year 2031. The grants are designed to retain and incentivize the Co-CEOs, aligning their interests with long-term shareholder value creation, and were approved after a comprehensive analysis by independent directors and compensation consultants.
Key Highlights
- IREN granted 9,099,328 restricted stock units (RSUs) to each Co-CEO, William Roberts and Daniel Roberts.
- The Equity Grants are subject to a combined six-year vesting and holding period.
- No further equity incentive grants will be made to Co-CEOs until the Company’s 2031 fiscal year.
- RSUs will vest in equal annual installments over a four-year period, subject to continued employment.
- Each tranche of RSUs will have an additional two-year post-vesting holding period.
- The grants were unanimously approved by independent directors upon recommendation from the Compensation Committee.
Price Impact
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