Penguin Solutions Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Penguin Solutions, Inc. (PENG)
Company Research
Source: Business Wire
FREMONT, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (Nasdaq: PENG) (“Penguin Solutions” or the “Company”) today announced the grant of inducement equity awards to its new President and Chief Executive Officer, Kash Shaikh, in connection with the commencement of his employment with the Company on February 2, 2026. The independent Compensation Committee of the Board of Directors of the Company (the “Committee”) approved the grants to Mr. Shaikh on February 2, 2026 of time-based restricted stock units with respect to 238,188 shares and 137,898 shares of the Company’s common stock (the “Initial RSUs” and the “Supplemental RSUs,” respectively) and performance-based restricted stock units with respect to 238,188 shares and 137,898 shares of the Company’s common stock at the target level of performance (the “Stock Appreciation PSUs” and the “Relative TSR PSUs,” respectively).The awards were granted to Mr. Shaikh as inducements material to his entering into employment with the Compa
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PENG
News
- Penguin Solutions (NASDAQ:PENG) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c-)" rating to a "sell (d+)" rating.MarketBeat
- Penguin Solutions (NASDAQ:PENG) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $25.00 price target on the stock.MarketBeat
- Penguin Solutions (NASDAQ:PENG) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $30.00 price target on the stock.MarketBeat
- Cree LED Unveils OptiLamp LEDs With Active Intelligence in Every PixelBusiness Wire
- Penguin Solutions Announces CEO TransitionBusiness Wire
PENG
Earnings
- 1/6/26 - Beat
PENG
Sec Filings
- 2/10/26 - Form 4
- 2/10/26 - Form 4
- 2/10/26 - Form 4
- PENG's page on the SEC website