Adams Mark 4
4 · Penguin Solutions, Inc. · Filed Oct 22, 2024
Insider Transaction Report
Form 4
Adams Mark
DirectorPresident and CEO
Transactions
- Award
Ordinary Shares
2024-10-19+93,116→ 1,084,962 total - Tax Payment
Ordinary Shares
2024-10-20$15.69/sh−31,675$496,981→ 984,844 total - Tax Payment
Ordinary Shares
2024-10-19$15.69/sh−47,192$740,442→ 1,037,770 total - Tax Payment
Ordinary Shares
2024-10-20$15.69/sh−14,255$223,661→ 1,023,515 total - Tax Payment
Ordinary Shares
2024-10-20$15.69/sh−6,996$109,767→ 1,016,519 total - Disposition to Issuer
Ordinary Shares
2024-10-20−125,000→ 859,844 total
Holdings
- 29,640(indirect: By Trust)
Ordinary Shares
Footnotes (6)
- [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 93,116 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 shares. No shares were sold.
- [F4]Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of restricted share units. No shares were sold.
- [F5]Reflects shares surrendered to the Issuer to satisfy tax withholding obligations in connection with vesting of performance shares. No shares were sold.
- [F6]Reflects shares forfeited pursuant to the terms of a previously disclosed performance-based restricted share award due to non-attainment of the applicable performance conditions. No shares were sold.