Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 30

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 30
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 volunteer and participate in charitable giving opportunities that matter to them. We support and host volunteer opportunities, and our employee donation matching program allows employees to select nonprofits for a company match of up to $2,500 per employee each calendar year.

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### DIRECTOR COMPENSATION
The Compensation Committee is responsible for approving the compensation of our independent directors. As part of this process, the Compensation Committee periodically reviews the independent director compensation program to evaluate whether it is competitive with market practices after considering input from the Compensation Committee’s independent compensation consultant with respect to market data for the same peer group of companies as is used for evaluating executive compensation decisions. Following this review, the Compensation Committee decided to adjust the independent director compensation program, which consists of the compensation set forth in the table below, effective as of the commencement of fiscal 2025.

#### Annual Retainers
| Board Retainers                              |     | Chair |         |     | Member |         |
|:---------------------------------------------|:----|:------|--------:|:----|:-------|--------:|
| Cash Retainer(1)                             |     | $     | 110,000 |     | $      |  60,000 |
| Equity Retainer(2)(3)                        |     |       |         |     | $      | 175,000 |
| Committee Cash Retainers(1)                  |     |       |         |     |        |         |
| Audit                                        |     | $     |  30,000 |     | $      |  10,000 |
| Compensation                                 |     | $     |  20,000 |     | $      |   7,500 |
| Nominating and Corporate Governance          |     | $     |  15,000 |     | $      |   5,000 |
| Cybersecurity and Technology Risk Management |     | $     |  15,000 |     | $      |   5,000 |

(1) Annual Cash Retainer : Annual cash retainers are paid quarterly. The Board chair retainer is inclusive of the Board member retainer and the committee chair retainers are inclusive of payment for service as a committee member. There are no separate meeting fees.

(2) Initial RSU Grant : Upon first being appointed to the Board and to cover the director’s annual equity retainer for the first partial year of service and his or her following full year of service on the Board, each new independent