Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 32

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 32
---
 Covered Directors were in compliance with our stock ownership guidelines or were in the five-year transition period.

The following table summarizes the compensation of our then-serving independent directors for fiscal 2025. Mr. Ha, who joined our Board in December 2024, was designated to be appointed to the Board by SKT in connection with SKT’s preferred equity investment in the Company, was not determined to be an independent director, and did not receive any compensation as a director. Mr. Adams, who served as one of our executive officers, did not receive separate compensation for his service as a director during fiscal 2025. Information regarding the compensation received by Mr. Adams for fiscal 2025 is disclosed in the 2025 Summary Compensation Table and in “ Compensation Discussion and Analysis ” below.

#### Director Compensation Table for Fiscal 2025
| Name               |     | Fees Earned 
 or Paid in  
 Cash        |         |     | Stock  
 Awards 
 (1)(2) |         |     | Total |         |
|:-------------------|:----|:------------|--------:|:----|:-------|--------:|:----|:------|--------:|
| Randy Furr(3)      |     | $           |  39,808 |     | $      |       — |     | $     |  39,808 |
| Min Yong Ha        |     | $           |       — |     | $      |       — |     | $     |       — |
| Penelope Herscher  |     | $           | 115,000 |     | $      | 174,406 |     | $     | 289,406 |
| Bryan Ingram       |     | $           |  84,505 |     | $      | 174,406 |     | $     | 258,911 |
| Sandeep Nayyar     |     | $           |  90,000 |     | $      | 174,406 |     | $     | 264,406 |
| Mark Papermaster   |     | $           |  82,500 |     | $      | 174,406 |     | $     | 256,906 |
| Mary Puma          |     | $           |  77,500 |     | $      | 174,406 |     | $     | 251,906 |
| Maximiliane Straub |     | $           |  90,000 |