Penguin Solutions (PENG) CEO Mark Adams Surrenders 12,513 Shares

What Happened Mark Adams, President, CEO and Director of Penguin Solutions (PENG), surrendered 12,513 shares on 2026-01-20 at $19.96 per share to satisfy tax withholding obligations related to the vesting of restricted stock units. The surrendered shares equal a withholding value of approximately $249,759. This was a tax-withholding settlement, not an open-market sale.

Key Details

• Transaction date and price: 2026-01-20 at $19.96 per share.
• Shares surrendered/Disposed: 12,513; aggregate withholding value ~$249,759.
• Transaction code: F (tax withholding to satisfy withholding obligations).
• Footnote: Filing states shares were surrendered to the issuer to satisfy tax withholding on RSU vesting; "No shares were sold."
• Filing date: 2026-01-21 — filing appears timely based on the reported transaction date.
• Shares owned after transaction: Not specified in the filing.

Context This transaction reflects routine tax-withholding on vested restricted stock units, a common administrative step when equity awards vest. It does not represent a market sale or a direct purchase signal about the insider’s view of the company. Purchases or open-market sales generally carry more information about insider sentiment.