Cleanspark (CLSK) EVP receives 160,000 RSUs and 120,000 performance units
Rhea-AI Filing Summary
Garrison Scott Eugene reported acquisition or exercise transactions in this Form 4 filing.
Cleanspark, Inc. executive Scott Eugene Garrison, EVP and Chief Development Officer, received new equity awards as part of his compensation. On March 20, 2026 he was granted 160,000 restricted stock units and 120,000 performance stock units tied to Cleanspark common stock, all at a stated price of $0.00 per unit.
The 160,000 restricted stock units will vest in equal annual installments on March 20, 2027, March 20, 2028 and March 20, 2029, subject to his continued employment. The performance stock units are Long-Term Incentive Plan awards that vest only if the common stock reaches a target market price of at least $18.80 based on a 20‑trading‑day average during the period ending March 20, 2027 and if he remains employed on the vesting date of March 20, 2029.
The footnotes also describe additional LTIP awards for a maximum of 120,000 shares linked to performance goals tied to gross power under leases to customers for data centers, with threshold performance at 600 MW gross and maximum payout at 800 MW gross during the period ending March 20, 2027, likewise subject to continued employment through March 20, 2029. The filing further shows that Garrison holds various existing option and RSU positions and 199,423 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 160,000 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 120,000 | $0.00 | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These Options were granted on July 7, 2023 and vest in equal monthly installments over 36 months. These Options were granted on May 14, 2021 and vested in equal monthly installments over 36 months. These RSUs will vest on September 30, 2026. These RSUs vest in equal annual installments over three years on September 4, 2026, September 4, 2027, and September 4, 2028. These RSUs vest in equal semiannual installments over three years on February 13, 2026, September 4, 2026, February 13, 2027, September 4, 2027, February 13, 2028, and September 4, 2028. These RSUs vest in equal quarterly installments on February 13, 2026, May 13, 2026, August 13, 2026, December 3, 2026, February 12, 2027, May 13, 2027, August 13, 2027, and December 3, 2027. These RSUs vest in equal annual installments over three years on March 20, 2027, March 20, 2028, and March 20, 2029, subject to the Reporting Person's continued employment or service with the Issuer through each such date. Vesting of these Long-Term Incentive Plan ("LTIP") awards is contingent on the common stock achieving a specified target market price of at least $18.80 based on a 20-trading day average during the period ending March 20, 2027, subject to the Reporting Person remaining employed by the Issuer on the vesting date of March 20, 2029. The reported LTIP awards do not include LTIP awards in respect of a maximum of 120,000 shares of common stock for which such awards will vest in accordance with their terms upon achievement of specified performance goals tied to gross power under leases to customers for data centers, with threshold performance at 600 MW gross and maximum payout at 800 MW gross, during the period ending March 20, 2027, subject to the Reporting Person remaining employed by the Issuer on the vesting date of March 20, 2029.
