MARA Holdings Announces New Equity Incentive Plans

MARA Holdings, Inc. (NASDAQ:MARA), a Nevada-based finance services company with a market capitalization of $4.7 billion and a Fair Value rating from InvestingPro indicating slight undervaluation, has updated its equity incentive plans, introducing new award agreements for restricted stock units (RSUs) and performance-based RSUs (PSUs), as disclosed in an 8-K filing with the Securities and Exchange Commission today.

The Talent, Culture and Compensation Committee of MARA Holdings’ Board of Directors approved the new forms of award agreements under the company’s Amended and Restated 2018 Equity Incentive Plan. This move comes as the company maintains profitability with a P/E ratio of 7.44 and demonstrates strong revenue growth, according to InvestingPro data. The updated RSU agreement alters the vesting schedule to allow for 30% immediate vesting on the date of grant, with the remaining 70% vesting over a three-year period in substantially equal installments, contingent on continued employment.

The PSU agreement incorporates performance-based vesting conditions in addition to the time-based conditions. The performance metrics include operational targets such as Hashrate Hours, Total (EPA:TTEF) Exahash, and Megawatts, or relative total shareholder return targets. The PSUs will vest over a three-year period for Operational PSUs or at the end of a two-year period for Relative TSR PSUs, assuming the employee remains with the company through the vesting dates. Achievement levels of the performance conditions will determine the final number of shares earned, with a maximum payout of 249% of the target number of shares.

In the event of a Change in Control, as defined in the Plan, unvested PSUs will be treated similarly to RSUs, with performance conditions considered met at the target level.

The introduction of these new award agreements aims to align the interests of the company’s employees with those of shareholders by incentivizing performance that contributes to MARA Holdings’ growth and success. With an overall Financial Health score of "FAIR" and 12 additional key insights available on InvestingPro, investors can access comprehensive analysis of MARA’s performance metrics and growth potential through the platform’s detailed Pro Research Report.

The information in this article is based on a press release statement from MARA Holdings, Inc. and is provided for informational purposes only. It does not constitute an endorsement or an opinion regarding the company’s strategy, performance, or future prospects.

In other recent news, Marathon Digital Holdings Inc reported a strong performance in Q4 2024, significantly surpassing earnings expectations. The company posted earnings per share of $1.24, against a forecast of -$0.16, marking a substantial positive surprise. Revenue reached $214.4 million, exceeding the anticipated $180.74 million and reflecting a 37% increase year-over-year. Marathon Digital has also expanded its energy portfolio and acquired five data centers, indicating a strategic move towards becoming a vertically integrated energy and digital infrastructure company. The company is planning to venture into AI inference compute with pilots set for 2025, showcasing its focus on innovation and diversification. Analysts from Caniford Sheryls engaged with Marathon’s management regarding their AI infrastructure strategy and energy acquisition plans, highlighting the company’s forward-looking approach. Additionally, Marathon Digital is focusing on expanding its international energy capacity, aiming for 50% international energy capacity by 2028. The company’s strategic initiatives and operational efficiencies have positioned it for continued growth, with future revenue forecasts suggesting further increases.

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