IREN granted co-CEOs about $700 million in RSUs, vesting over six years with added two-year lockups. The board approved the long-term equity plan after reviewing multiple compensation structu
Bitcoin miner IREN approved a long-term equity package for co-CEOs William Roberts and Daniel Roberts after its board authorized the awards on June 30. According to the company's Form 8-K filing, the grants total about $700 million and equal roughly 5% of outstanding shares, while the vesting structure stretches across six years with additional holding restrictions.
According to the filing, each executive received 9,099,328 restricted stock units, bringing the combined total to 18,198,656 RSUs. The awards will convert into company shares over time instead of immediate cash compensation. Notably, the vesting schedule divides the grants into four equal portions across six years.
However, each portion requires continued employment before vesting. The company also imposed another restriction after each tranche vests. Each vested portion remains locked for an additional two years before either executive can sell the shares.
According to IREN, both William Roberts and Daniel Roberts will not receive further equity awards before fiscal year 2031. The company included that condition within the approved compensation structure.
According to the filing, IREN's Compensation Committee evaluated several compensation models before recommending the final package. The board also considered performance-based structures, mixed incentive plans, and different vesting schedules.
Additionally, an independent compensation consultant assisted the committee during the review process. The board then unanimously approved the final structure after evaluating multiple alternatives.
The company said the framework aims to balance executive retention with shareholder interests. Furthermore, the extended vesting period limits immediate share sales.
The equity approval followed IREN's reported financial results for the quarter ended Dec. 31, 2025. During that period, the company generated $184.7 million in revenue while recording a net loss of $155.4 million.
Meanwhile, IREN continued expanding beyond Bitcoin mining. According to the provided information, the company signed multi-year cloud computing agreements using NVIDIA Blackwell GPUs.
Those contracts are expected to generate approximately $225 million in annualized run-rate revenue. At the announcement, about 11,000 of IREN's 23,000 GPUs had already been pre-sold under those agreements.
The post Bitcoin Miner IREN Grants Co-CEOs $700M Stock Awards Over Six Years appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
