PLBY Group Inc. Announces New Retention Agreements with Executive Officers, Including Future RSU Grants

Reuters
06-07
PLBY Group Inc. Announces New Retention Agreements with Executive Officers, Including Future RSU Grants

PLBY Group Inc. has announced new retention agreements for its top executives, including CEO Ben Kohn, CFO and COO Marc Crossman, and General Counsel Chris Riley. The agreements, effective June 4, 2025, include grants of restricted stock units (RSUs) under the company's 2021 Equity and Incentive Compensation Plan. Kohn will receive RSUs for 1,000,000 shares, while Crossman and Riley will each receive RSUs for 350,000 shares, all vesting by April 30, 2026. Additionally, similar RSUs are planned for 2026, vesting by April 30, 2027, subject to approval by the company's Compensation Committee. Under specific conditions, these future RSUs could be converted to cash payments. However, the executives will forfeit the 2026 RSUs or cash payments if they resign or are terminated for cause before issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PLBY Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001803914-25-000098), on June 06, 2025, and is solely responsible for the information contained therein.

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