Anne Kuykendall - Oct 19, 2024 Form 4 Insider Report for Penguin Solutions, Inc. (PENG)

Role
SVP and Chief Legal Officer
Signature
/s/ Anne Kuykendall
Stock symbol
PENG
Transactions as of
Oct 19, 2024
Transactions value $
-$97,341
Form type
4
Date filed
10/22/2024, 07:23 PM
Previous filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENG Ordinary Shares Award $0 +11.6K +11.25% $0.00 115K Oct 19, 2024 Direct F1
transaction PENG Ordinary Shares Tax liability -$65.2K -4.15K -3.61% $15.69 111K Oct 19, 2024 Direct F2
transaction PENG Ordinary Shares Tax liability -$32.2K -2.05K -1.85% $15.69 109K Oct 20, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 1, 2021, the reporting person was granted performance-based restricted share units ("PSUs"), the vesting of which is (i) tied to the achievement of total shareholder return goals relative to the performance of the median company in the Russell 2000 Index following the end of a given three-year performance period, and (ii) subject to the reporting person's continued employment through the date of certification of performance by the Compensation Committee of the Issuer's Board of Directors (the "Committee"). On October 19, 2024, the Committee certified the performance goal achievement and determined that 11,639 PSUs were earned by the reporting person and vested as of such date.
F2 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of PSUs. No shares were sold.
F3 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted share units. No shares were sold.