Form 4: Penny Herscher Reports Changes in Beneficial Ownership of Penguin Solutions, Inc.

Director Penny Herscher reports acquisition and disposal of Penguin Solutions, Inc. shares, including restricted share units and shares held by a family trust.

Summary

• On February 7, 2025, Penny Herscher, a director of Penguin Solutions, Inc., reported changes in her beneficial ownership of the company's ordinary shares.
• She acquired 8,397 shares through a restricted share unit award at a price of $0.
• These restricted share units are scheduled to vest fully on the earlier of February 7, 2026, or the date of the annual general meeting when her term expires, contingent on her continued service.
• Herscher also disposed of 4,584 ordinary shares held indirectly through the 2001 Herscher Family Trust.
• Following these transactions, Herscher directly owns 20,268 ordinary shares and indirectly owns shares through the family trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted share units aligns Herscher's interests with the long-term performance of Penguin Solutions, Inc.

Future Outlook

The vesting of the restricted share units is contingent upon Herscher's continued service with the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions provide shareholders with insight into the actions of a company director.

Key Dates