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PLAYSTUDIOS, Inc.·4

Mar 16, 6:03 PM ET

Peterson Scott Edward 4

Research Summary

AI-generated summary

Updated

PLAYSTUDIOS (MYPS) CFO Scott Peterson Receives 250,000 Performance Award

What Happened

  • Scott Edward Peterson, Chief Financial Officer of PLAYSTUDIOS, reported two linked derivative transactions dated March 12, 2026: a disposition to the issuer of 250,000 derivative units (code D) and a contemporaneous grant/award of 250,000 derivative units (code A). Both transactions show a $0.00 price and $0.00 value, meaning no cash changed hands.
  • The grant is described as Performance Stock Units (PSUs). Each PSU is a contingent right to receive up to one share of Class A common stock upon meeting pre-established performance metrics for the fiscal year ending December 31, 2026. The disposition to the issuer indicates those 250,000 prior derivative units were surrendered/cancelled and replaced by the new PSU award.

Key Details

  • Transaction date(s): March 12, 2026; Form 4 filed March 16, 2026 (filed within the two-business-day window).
  • Price and value: both disposition and grant reported at $0.00; total cash consideration = $0.
  • Transaction types/codes: D = disposition to issuer (cancellation/surrender of derivative units); A = grant/award (new PSUs).
  • Shares owned after transaction: not specified in the data provided on this summary.
  • Notable footnotes from the filing:
    • F3: The new grant represents unvested PSUs; actual shares issued on vesting will depend on achievement of performance metrics for FY2026.
    • F2: A prior PSU award (for FY2025) was forfeited when performance conditions were not met.
    • F1, F4–F7: filing includes additional notes about spouse-owned shares, Restricted Stock Units (RSUs) schedules, and potential earnout shares tied to share-price thresholds; these do not alter that this reported transaction is a conditional award (see Form for full footnotes).

Context

  • These were derivative award/cancellation transactions, not open-market purchases or sales. PSUs are conditional awards: they do not indicate immediate ownership of shares and only convert to shares if/when performance and any vesting conditions are met.
  • For retail investors: grants of PSUs are a form of compensation and are informational about executive pay and incentives, but they are not the same as an insider buying (bullish) or selling (liquidating) shares for cash.