Penguin Solutions Announces Inducement Equity Awards for New Executive Tony Frey Under 2021 Plan

Reuters

Aug 28, 2025

Penguin Solutions Announces Inducement Equity Awards for New Executive Tony Frey Under 2021 Plan

Penguin Solutions Inc. has announced the grant of inducement equity awards to Tony Frey, who has joined the company as Senior Vice President and Chief Revenue Officer effective August 25, 2025. The compensation package includes time-based restricted stock units (RSUs) and performance-based restricted stock units (PSUs), each corresponding to 51,858 shares of the company's common stock. The RSUs are set to vest over four years, starting with 25% on October 20, 2026, followed by equal quarterly installments. Meanwhile, the PSUs will vest based on the company's total stockholder return relative to the median company in the Russell 2000 Index after a three-year performance period, with potential earning ranging from 0% to 200% of the target. These awards are part of the 2021 Inducement Plan aimed at attracting key talent to the company.

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. Penguin Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250827882561) on August 27, 2025, and is solely responsible for the information contained therein.

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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. Penguin Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. 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