Penguin Solutions Announces Inducement Grants for New Senior Vice President and Chief Revenue Officer Tony Frey.

Penguin Solutions has granted inducement equity awards to its new Senior Vice President and Chief Revenue Officer, Tony Frey. The awards include time-based restricted stock units for 51,858 shares and performance-based restricted stock units for the same number of shares at the target level. The RSUs vest over four years, while the PSUs vest based on the company's total stockholder return relative to the Russell 2000 Index.