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.
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