Form 4: Playtika CEO Receives Significant Stock and Performance Unit Grants

Playtika's CEO, Robert Antokol, was granted 2,390,196 restricted stock units and 2,390,196 performance stock units on December 18, 2024.

Summary

• Robert Antokol, CEO of Playtika, received 2,390,196 restricted stock units (RSUs) and 2,390,196 performance stock units (PSUs) on December 18, 2024.
• The RSUs will vest in 1/12th increments on March 15, June 15, September 15, and December 15 of each year from 2025 to 2027, contingent on continued employment.
• The PSUs will vest in three annual tranches based on Playtika's total shareholder return for each year, also contingent on continued employment.
• Each RSU and PSU represents a contingent right to receive one share of Playtika common stock.
• Following these transactions, Mr. Antokol beneficially owns 18,498,445 shares of Playtika common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally positive for aligning management and shareholder interests. The sentiment is neutral to positive.

Positives

• The grant of RSUs and PSUs aligns the CEO's interests with those of the shareholders.
• The vesting schedule of the RSUs encourages long-term commitment from the CEO.
• The performance-based vesting of the PSUs incentivizes the CEO to drive shareholder value.

Risks

• The vesting of the RSUs and PSUs is contingent on continued employment, which could be a risk if the CEO were to leave the company.
• The performance-based vesting of the PSUs is subject to the company's total shareholder return, which could be affected by market conditions.

Future Outlook

The vesting of the RSUs and PSUs is contingent on continued employment and, in the case of PSUs, on the company's total shareholder return, which will determine the actual number of shares received by the CEO in the future.

Management Comments

• The document was signed by Michael Cohen, Attorney-in-Fact for Robert Antokol.

Industry Context

The granting of stock and performance units is a common practice in the tech industry to incentivize and retain key executives. This grant aligns with standard compensation practices for CEOs in publicly traded companies.

Comparison to Industry Standards

• The use of both restricted stock units and performance stock units is a common practice among publicly traded technology companies.
• Companies like Activision Blizzard and Electronic Arts also use similar equity-based compensation plans for their executives.
• The vesting schedules and performance metrics are generally aligned with industry standards, aiming to incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the grant positively as it aligns the CEO's interests with the company's performance.
• Employees may see this as a sign of the company's commitment to its leadership.

Next Steps

• The vesting of the RSUs will occur quarterly from 2025 to 2027.
• The vesting of the PSUs will occur annually based on the company's total shareholder return.

Key Dates

Keywords

Playtika, Robert Antokol, Stock Units, Restricted Stock Units, Performance Stock Units, Equity Compensation, Shareholder Return, Vesting, CEO, Director