Penguin Solutions Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Penguin Solutions disclosed inducement equity grants to new CFO Stephen Cumming, who began employment October 6, 2026. The awards consist of 33,502 time-based RSUs vesting over four years and 48,818 PSUs at target, tied to three-year TSR versus the Russell 2000 median with 0-200% payout.
Key figures
- Rsu vesting
- 4 years, 25% cliff Oct 20 2027, remainder quarterly
- Psu payout range
- 0%-200% of target
- Inducement psu shares
- 48818
- Inducement rsu shares
- 33502
AI analysis
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