Form 4: Penguin Solutions CRO Tax Withholding for RSU Vesting

Penguin Solutions' Chief Revenue Officer, Anthony George Frey, reported a future transaction involving the surrender of 610 shares for tax obligations related to restricted stock unit vesting.

Summary

• Anthony George Frey, SVP and Chief Revenue Officer of Penguin Solutions, Inc. (PENG), filed a Form 4.
• The filing reports a transaction scheduled for January 20, 2026.
• Frey will surrender 610 shares of Common Stock to the Issuer.
• The purpose of this surrender is to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The shares were valued at $19.96 per share for this transaction.
• Following this reported transaction, Frey will beneficially own 74,954 shares of Common Stock directly.
• The transaction is made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• No shares were sold in the open market; the surrender was solely for tax purposes.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine compliance filing for an executive compensation event (RSU vesting and associated tax withholding) and does not indicate any significant positive or negative operational or financial news for the company.

Positives

• The underlying event, the vesting of restricted stock units, represents a positive compensation event for the executive.
• The transaction is a standard procedure for covering tax liabilities, indicating a routine compensation event rather than a discretionary sale.

Negatives

• The executive's direct beneficial ownership of common stock will decrease by 610 shares due to the tax withholding.

Future Outlook

The filing indicates a pre-scheduled transaction under a Rule 10b5-1 plan, reflecting a future, non-discretionary event related to executive compensation.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to executive compensation, common across all publicly traded companies. It does not provide insights into broader industry trends but rather reflects standard practices for managing equity compensation.

Related Party Transactions

• The transaction involves an executive (Anthony George Frey) and the issuer (Penguin Solutions, Inc.) for tax withholding related to RSU vesting, which is a standard compensation-related dealing.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction related to executive compensation and does not reflect a change in company fundamentals or strategy.
• Employees: No direct impact on the broader employee base, but it reflects standard executive compensation practices.

Key Dates

Keywords

Penguin Solutions, PENG, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Anthony George Frey, Corporate Officer