Stronghold Digital Mining (SDIG) has released an update to notify the public and investors about its officers.
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Stronghold Digital Mining, Inc. granted restricted stock units (RSUs) to executive officers under its Omnibus Incentive Plan. CFO Matthew Smith received 120,000 RSUs, with half vesting immediately and the rest over two years, while SVP Richard Shaffer was awarded 15,000 RSUs vesting over the same period. Both grants fully vest if a company change in control occurs. Separately, the company amended warrants issued to Greg Beard, adjusting the exercise price to $7.51 based on stock performance, with the 2022 and 2023 Warrants exercisable for 60,241 and 100,000 shares respectively.
For further insights into SDIG corporate activity, check out TipRanks’ Insiders Trading Activity page.
