GREE · Vulcan Infrastructure and Power Inc. Class A

The resignations of two independent directors—Kenneth Fearn from the Audit Committee and Christopher Krug from the Compensation Committee—represent a notable governance event for Greenidge Generation Holdings Inc., particularly given their concurrent departure and committee-specific oversight responsibilities. While the filing explicitly states that neither resignation stemmed from any disagreement with the Company, the timing and scope raise questions about board stability and continuity in critical oversight functions. The Compensation Committee’s decision to accelerate vesting of all remaining RSUs for both directors—174,107 units each, tied to grants made in April and November 2025—reflects a material compensation action aligned with the Company’s Third Amended and Restated 2021 Equity Incentive Plan. This acceleration implies immediate equity settlement upon departure, increasing near-term dilution pressure and signaling a clean separation without ongoing service obligations. Investors should monitor the pace and composition of director replacements, especially given the loss of dedicated expertise in financial reporting oversight (Audit Committee) and executive compensation design (Compensation Committee). No disclosure is provided regarding interim committee assignments or succession planning, leaving governance structure temporarily weakened.