Penguin Solutions Grants Inducement Awards to New CFO
Penguin Solutions granted Stephen Cumming 33,502 time-based RSUs and 48,818 target PSUs. The RSUs vest over four years; the PSUs are tied to three-year relative TSR.
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Penguin Solutions grants new CFO Stephen Cumming 33,502 RSUs, 48,818 performance RSUs as inducement awards
Penguin Solutions granted new CFO Stephen Cumming inducement equity awards tied to his Oct. 6, 2026 start date. Time-based RSUs cover 33,502 shares, vesting over four years with 25% on Oct. 20, 2027. Performance-based PSUs cover 48,818 shares at target, tied to three-year TSR versus the Russell 2000 median. PSU payout
Penguin Solutions Reports Inducement Grants for New CFO
Penguin Solutions granted inducement equity awards to incoming CFO Stephen Cumming, who began employment on October 6, 2026.