Penguin Solutions Grants New Chief Product Officer 128,466 Inducement RSUs and PSUs

Reuters03-05

Penguin Solutions Grants New Chief Product Officer 128,466 Inducement RSUs and PSUs

Penguin Solutions Inc. granted inducement equity awards to new Senior Vice President and Chief Product Officer Ian Colle, consisting of 64,233 time-based restricted stock units and 64,233 performance-based restricted stock units at target. The RSUs vest over four years, with 25% vesting on April 20, 2027 and the remainder in equal quarterly installments thereafter, subject to continued service. The PSUs vest after a three-year performance period based on the company’s total shareholder return relative to the median Russell 2000 company, with payouts ranging from 0% to 200% of target.

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: 20260304267744) on March 04, 2026, and is solely responsible for the information contained therein.

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