Company: CIFRW
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001819989-25-000027
Chunk: 35

Company: Cipher Mining Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 35
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 5,250 |     |           |  5,775,429 |
| Co-President, Chief Legal Officer and Corporate Secretary |     |      |     | 2023 |     |        | 362,500 |     |        | 1,242,083 |     |        |  1,300,000 |     |              | 11,319 |     |           |  2,915,902 |

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(1) Amounts reflect the actual base salaries paid to each named executive officer in respect of fiscal years 2024 and 2023.

(2) Amounts reflect (i) 2024 annual bonus awards granted in recognition of performance in 2024, which were paid on January 15, 2025, (ii) 2023 annual bonus awards granted in recognition of performance in 2023, which were paid on February 15, 2024 and (iii) discretionary cash bonus awards paid in 2023. The aggregate amount of annual bonus awards paid to each named executive officer for 2024 was $1,650,000 to Mr. Page and $787,500 each to Messrs. Farrell, Kelly and Iwaschuk. The amount of annual bonus awards paid to each named executive officer in 2023 was $1,485,000 to Mr. Page, $708,750 to Messrs. Farrell, Kelly and Iwaschuk. The amount of discretionary cash bonus awards paid to each named executive officer in 2023 was $1,000,000 to Mr. Page, and $533,333 to Messrs. Farrell, Kelly and Iwaschuk.

(3) Amounts reflect the full grant-date fair value of restricted stock unit, or RSU, awards granted during 2024 and 2023 computed in accordance with ASC Topic 718. The RSUs granted to the named executive officers in 2024 and 2023 were subject to service-based vesting conditions. For information regarding the assumptions used to calculate the value of all RSU awards made to named executive officers, see “ Notes to Consolidated Financial Statements – Note 17. Share-Based Compensation ” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and for the fiscal year ended December 31, 2023.

(4) Amounts reflect matching contributions made to each named executive officer’s 401(k) plan account in 2024 and 2023.