Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 77

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 77
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 Olmstead, Frey, Clark, and Manca, and Ms. Kuykendall, respectively.

(3) See the “ Short-Term Cash Incentive Compensation ” section above for a description of these amounts for Messrs. Adams, Olmstead, Clark, and Manca, and Ms. Kuykendall.

(4) Amounts in this column for fiscal 2025 include the following:

(a) for Mr. Adams, (i) $14,000 for 401(k) plan matching contributions by the Company, (ii) $8,257 for life insurance premium payments by the Company, (iii) $10,000 for the reimbursement of executive medical examination fees and $4,738 for the related tax gross-up, and (iv) $2,500 for the reimbursement of tax preparation fees and $1,179 for the related tax gross-up;

(b) for Mr. Olmstead, (i) $18,462 for 401(k) plan matching contributions by the Company and (ii) $2,684 for life insurance premium payments by the Company;

(c) for Ms. Kuykendall, (i) $12,319 for 401(k) plan matching contributions by the Company and (ii) $1,993 for life insurance premium payments by the Company;

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(d) for Mr. Clark, (i) $13,800 for 401(k) plan matching contributions by the Company, (ii) $3,645 for life insurance premium payments by the Company, and (iii) $499 for a tax gross-up related to the reimbursement of tax preparation fees; and

(e) for Mr. Manca, (i) $20,385 for 401(k) plan matching contributions by the Company, (ii) $8,007 for life insurance premium payments by the Company, (iii) $1,251 for a tax gross-up related to the reimbursement of tax preparation fees, (iv) $375,000 in accrued severance payments, and (v) $20,568 in accrued post-termination healthcare continuation coverage.

(5) Mr. Frey joined the Company in August 2025.

(6) Mr. Manca’s employment with the Company terminated in August 2025. Pursuant to the terms of his amended and restated offer letter and his equity compensation award agreements, Mr. Manca forfeited all outstanding and unvested RSUs and