Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 75

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 75
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 Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

The Compensation Committee has reviewed and discussed with management the Compensation Discussion and Analysis contained in this Proxy Statement. Based upon this review and discussion, the Compensation Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement and incorporated by reference in the Company’s Annual Report on Form 10-K for the fiscal year ended August 29, 2025 .

Members of the Compensation Committee

Bryan Ingram, Chair

Mark Papermaster

Mary Puma

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#### FISCAL 2025 EXECUTIVE COMPENSATION

#### 2025 Summary Compensation Table
The following table provides information regarding the compensation earned by our NEOs for fiscal 2025 and, to the extent required under the SEC executive compensation disclosure rules, fiscal 2024 and fiscal 2023 .

| Name and Principal Position                                    |     | Year |         |     | Salary |         |     | Bonus(1) |           |     | Stock     
 Awards(2) |           |     |   |         |     | Non-equity      
 Incentive Plan  
 Compensation(3) |           |     | All Other       
 Compensation(4) |           |     | Total |            |
|:---------------------------------------------------------------|:----|-----:|--------:|:----|:-------|--------:|:----|:---------|----------:|:----|:----------|----------:|:----|:--|--------:|:----|:----------------|----------:|:----|:----------------|----------:|:----|:------|-----------:|
| Mark Adams                                                     |     | 2025 |         |     | $      | 890,000 |     | $        |         — |     | $         | 9,681,046 |     |   |         |     | $               | 1,099,777 |     | $               |    40,674 |     | $     | 11,711,497 |
| President and Chief Executive Officer                          |     | 2024 |         |     | $      | 750,000 |     | $        |         — |     | $         | 5,131,454 |     |   |         |     | $               |    93,750 |     | $               |    23,212 |