HEARD DAVID W 4
4 · Penguin Solutions, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Penguin Solutions (PENG) Director David W. Heard Receives Award
What Happened
David W. Heard, a director of Penguin Solutions, was granted 4,485 restricted stock units (RSUs) on May 18, 2026. The Form 4 reports the acquisition at $0.00 per share (total reported value $0), reflecting an equity award rather than an open-market purchase or sale.
Key Details
- Transaction date: May 18, 2026; Form 4 filed May 20, 2026 (timely filing).
- Reported terms: 4,485 RSUs acquired at $0.00 per share (reported value $0).
- Vesting (footnote): 2,562 units vest on May 18, 2027; the remaining 1,923 units vest on January 31, 2028.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing accession: 0001245146-26-000006.
Context
This was a compensation award (RSUs) to a company director. Such awards are routine forms of executive/director compensation and do not represent an open-market buy or sell. The RSUs will convert to actual shares only as they vest according to the stated schedule.
Insider Transaction Report
Form 4
HEARD DAVID W
Director
Transactions
- Award
Common Stock
[F1]2026-05-18+4,485→ 4,485 total
Footnotes (1)
- [F1]Represents a restricted stock unit award that is scheduled to vest as to 2,562 units on May 18, 2027 and as to the remainder of the award on January 31, 2028.
Signature
/s/ Anne Kuykendall as attorney-in-fact for David W. Heard|2026-05-20