Riot swaps CFO, alters executive salaries, overhauls incentive plan

Leadership Transition - Riot Platforms has appointed Jason Chung as CFO, effective March 1, 2026, succeeding Colin Yee, who will transition to a senior advisor role until January 1, 2028 [1][3] - Yee will receive an annual base fee of $500,000 for the first twelve months post-transition, adjusting to $20,000 monthly thereafter, along with $2,000,000 in service-based restricted stock units [2] Executive Compensation Adjustments - Chung's annual base salary has been increased from $500,000 to $550,000, while COO Stephen Howell's salary rose from $400,000 to $500,000 [4] - CEO Jason Les and Executive Chairman Benjamin Yi's annual base salaries have increased from $600,000 to $900,000, with their target award level under the annual incentive plan rising from 100% to 125% [5] Changes to Incentive Plans - Riot has restructured its 2026 annual incentive plan to focus on digital infrastructure, removing the bitcoin yield metric and introducing data center revenue and net operating income as key performance metrics [6] - The new data center metrics will each carry a 15% weighting in performance evaluations, with payouts ranging from 0% to a maximum of 200% based on achievement [6]