Form 4: Playtika Executive Gili Brudno Receives Stock Grants

Gili Brudno, Chief Human Resources Officer of Playtika Holding Corp., was granted restricted stock units (RSUs) and performance stock units (PSUs) on December 18, 2024.

Summary

• Gili Brudno, Chief Human Resources Officer at Playtika Holding Corp., received grants of restricted stock units (RSUs) and performance stock units (PSUs) on December 18, 2024.
• The RSU grant consists of 156,863 units, which will vest in equal installments on March 15, June 15, September 15, and December 15 of each year from 2025 through 2027, contingent upon continued employment.
• Each RSU represents the right to receive one share of Playtika common stock.
• The PSU grant also consists of 156,863 units.
• One-third of the PSUs will be eligible to vest on each of three annual determination dates, based on Playtika's total shareholder return for that year, and subject to continued employment.
• Each PSU represents a contingent right to receive one share of Playtika common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a stable and ongoing business operation. The sentiment is neutral to positive as it suggests confidence in the company's future performance.

Positives

• The grants of RSUs and PSUs align Gili Brudno's interests with those of Playtika's shareholders.
• The vesting schedules for both RSUs and PSUs incentivize continued employment and performance.

Risks

• The vesting of the PSUs is contingent on Playtika's total shareholder return, which is subject to market fluctuations and company performance.
• If Gili Brudno's employment terminates before the vesting dates, the unvested RSUs and PSUs will be forfeited.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs and PSUs.

Industry Context

Stock grants are a common practice in the tech industry to incentivize and retain key employees. The vesting schedules are designed to align employee interests with long-term company performance.

Comparison to Industry Standards

• Stock grants are a standard component of compensation packages for executives in publicly traded companies, particularly in the technology sector.
• Companies like Electronic Arts, Activision Blizzard, and Zynga also utilize stock options, RSUs, and PSUs to incentivize their executives.
• Vesting schedules of 3-4 years are typical for these types of grants, aligning with industry norms.

Stakeholder Impact

• Shareholders may view the stock grants positively as they incentivize management to improve company performance.
• Employees may see the grants as a positive sign of the company's commitment to its leadership.

Key Dates