Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 78

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 78
---
 PSUs upon his departure.

#### 2025 Grants of Plan-Based Awards Table
The following table provides information on non-equity incentive awards for fiscal 2025 and equity awards granted in fiscal 2025 under our Inducement Plan (for Mr. Frey) and o ur 2017 Plan (for each of our other NEOs). There can be no assuranc e that the grant date fair value for any equity award, as listed in this table, will ever be realized. The grant date fair value amounts for equity awards reported here are also included in the “Stock Awards” column of the 2025 Summary Compensation Table.

| Name            
 Threshold       |     | Grant Date   
 Target       |     | Estimated Possible Payouts under Non-Equity Incentive Plan Awards(1) 
 Maximum                                                              |   |     |   |           |     | Threshold |           |     | Target |     | Estimated Future Payouts under Equity Incentive Plan Awards(2) 
 Maximum                                                        |     |        |     |         |     |         |     | All Other Stock Awards: Number of Shares of Stock or Units |     |         |    |     | Grant Date Fair Value of Stock and Option Awards(3) |           |
|:----------------|:----|:-------------|:----|:---------------------------------------------------------------------|:--|:----|:--|----------:|:----|:----------|----------:|:----|:-------|:----|:---------------------------------------------------------------|:----|-------:|:----|--------:|:----|--------:|:----|:-----------------------------------------------------------|:----|--------:|---:|:----|:----------------------------------------------------|----------:|
| Mark Adams      |     |              |     | $                                                                    | — |     | $ | 1,112,500 |     | $         | 2,225,000 |     |        |     |                                                                |     |      — |     |       — |     |       — |     |                                                            |     |       — |    |     | $                                                   |         — |
|                 |     | 9/30/2024    |     | $                                                                    | — |     | $ |         — |     | $         |         — |     |        |     |                                                                |     | 69,438 |     | 138,876 |     | 416,628 |     |                                                            |     |       — |    |     |