Penguin Solutions grants new CFO Stephen Cumming 33,502 RSUs and 48,818 performance RSUs as inducement awards
PENG•Penguin Solutions granted new CFO Stephen Cumming 33,502 time-based RSUs and 48,818 performance-based PSUs at target, tied to his Oct. 6, 2026 start date.
1. Equity awards
Penguin Solutions granted new CFO Stephen Cumming inducement equity awards tied to his Oct. 6, 2026 start date. The time-based RSUs cover 33,502 shares and vest over four years, with 25% vesting on Oct. 20, 2027.
2. Performance units
The 48,818 performance-based PSUs are measured against the Russell 2000 median over three years. Payout ranges from 0% to 200% of target, subject to continued service through performance certification.
