Core Scientific Executive Compensation (FY25)
CORZ · Executive and director compensation, fiscal 2023 to 2025
The Core Scientific brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Data as of September 9, 2026Latest filing (8-K): May 15, 2026
2 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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128 figures on this page: 127 cited to the filing that reported them, 1 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Adam Sullivan: $41,938,321 → $22,923,204 (45.3% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Core Scientific's chief executive and what were they paid?
Total compensation for Adam Sullivan, President and Chief Executive Officer, came to $22,923,204 in fiscal 2025. Compared with the $41,938,321 reported for fiscal 2024, Sullivan's total was 45.3% lower.
What was Core Scientific's say-on-pay result?
Shareholders supported the say-on-pay proposal with 63.7% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Core Scientific's peer group?
The disclosed peer group names CleanSpark, DigitalOcean Holdings, Informatica, Intapp and Mara Holdings, among others.
What is Core Scientific's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 171:1, against median employee compensation of $134,231.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Adam Sullivan President and Chief Executive Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Todd DuChene Executive Vice President, Chief Legal and Administrative Officer | ◇ | — | — | — | — | — | ◇ | ◇ |
Denise Sterling Former Executive Vice President, Chief Financial Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Adam Sullivan President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Todd DuChene Executive Vice President, Chief Legal and Administrative Officer | ◇ | ◇ | ◇ | — | ◇ | — | — | ◇ |
Denise Sterling Former Executive Vice President, Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Adam Sullivan President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Nygaard Executive Vice President, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Todd DuChene Executive Vice President, Chief Legal and Administrative Officer | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Denise Sterling Former Executive Vice President, Chief Financial Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Adam Sullivan | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Adam Sullivan | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Denise Sterling | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James Nygaard | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Todd DuChene | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Todd DuChene | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Denise Sterling | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Todd DuChene | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Adam Sullivan | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| James Nygaard | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Elizabeth Crain | ◇ | ◇ | — | — | — | — | ◇ |
Jordan Levy Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Yadin Rozov | ◇ | ◇ | — | — | — | — | ◇ |
Eric Weiss | ◇ | ◇ | — | — | — | — | ◇ |
Jeff Booth | ◇ | ◇ | — | — | — | — | ◇ |
Jarrod Patten | ◇ | — | — | — | — | — | ◇ |
Todd Becker | ◇ | — | — | — | — | — | ◇ |
Adam Sullivan served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- CleanSpark CLSK
- DigitalOcean Holdings DOCN
- Informatica INFA
- Intapp INTA
- Mara Holdings MARA
- MicroStrategy symbol not shown
- nCino NCNO
- Okta OKTA
- Rambus RMBS
- SentinelOne S
- SolarWinds SWI
- VeriSign VRSN
- Zeta Global Holdings ZETA
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 12, 2026 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
What this page does not include
Everything above is a fact Core Scientific disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Core Scientific sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceSay-on-pay responsiveness
Core Scientific recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
128 figures on this page: 127 cited to the filing that reported them, 1 calculated from figures it prints.
127 cited to the filing
1 calculated from the filing
Documents cited
- 0001839341-26-000002Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0001193125-26-134857CEO PAY RATIO · NON-EMPLOYEE DIRECTOR COMPENSATION · Outstanding Equity Awards at Fiscal Year-End of 2025 · Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Core Scientific executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CORZ (accessed 2026).
Short form: data: Velarion
The Core Scientific brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
2 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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The headline figures, each with its citation.
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Peers Core Scientific discloses
The companies named in CORZ's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}