Penguin Solutions (PENG) SVP Anthony Frey Receives 11,555-Share Award

What Happened
Anthony Frey, Senior Vice President and Chief Revenue Officer of Penguin Solutions, was granted 11,555 restricted stock units (RSUs) on September 29, 2026. The Form 4 records this as an award/acquisition (code A) with an acquisition price of $0.00 (typical for RSUs; no cash exchanged at grant).

Key Details

• Transaction date: 2026-09-29; Form 4 filed 2026-10-01 (appears to be timely).
• Security: 11,555 restricted stock units (award/grant, code A) at $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: RSUs vest 25% on October 20, 2027; the remaining 75% vests quarterly thereafter in 12 equal installments, subject to continued service.
• This is a compensation award (not an open-market purchase or sale).

Context
RSU grants are a form of equity compensation that vest over time and do not represent immediate cash paid or open-market buying/selling. These awards align executive compensation with future service and company performance but should not be interpreted alone as a buy/sell signal.