Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 81

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 81
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                                      |     |       — |    |     | $                                                                                                                      |          — |
|                 |     | 9/30/2024  |     |                                                                 |     |       — |    |     |                                                                   |     | — |                                                                                            |     | — |                       |       | — |                        |     | —         |     |                                                         |     |       — |     |     | $                                                                |         — |     |                                                                                                      |     |  37,874 | -6 |     | $                                                                                                                      |    913,900 |

(1) Excludes Mr. Manca, who departed the Company in August 2025 and did not hold any outstanding equity awards at fiscal year-end.

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(2) The market value of shares or units of stock that have not vested reflects a stock price of $24.13, our closing stock price on August 29, 2025.

(3) These options are fully vested and exercisable.

(4) These RSUs vested as to 25% on October 20, 2022 and continued to vest in 12 equal quarterly installments over the following three years, subject to the NEO’s continued service through each applicable vesting date.

(5) These RSUs vested as to 6.25% on January 20, 2023 and continue to vest in 15 equal quarterly installments thereafter, subject to the NEO’s continued service through each applicable vesting date.

(6) Represents the maximum number of PSUs granted on each of September 26, 2022, June 26, 2024, and September 30, 2024 based on actual performance tracking at above target through fiscal year-end. These PSUs will vest on the date of the Compensation Committee’s certification of our performance following the end of a three-year performance period contingent upon the NEO’s continued employment through the vesting date and the Compensation Committee certifying that the Company’s total stockholder return during the performance period relative to that of the median company in the Russell 2000 Index equals or exceeds the applicable threshold level of performance and, in the case of the PSUs granted to Mr. Adams on September 30, 2024, the increase to the compound annual growth rate of the Company’s stock price in addition to the Company’s relative total stockholder return performance.

(7) These RSUs vested as to 6.25% on January 20, 2024 and