Mark Adams compensation by year
Penguin Solutions Summary Compensation Table · all 5 fiscal years held| Component | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Salary | $750,000 | $750,000 | $750,000 | $750,000 | $890,000 |
| Bonus | $375,000 | $0 | $0 | $0 | $0 |
| Stock awards | $9,426,563 | $4,995,747 | $2,284,931 | $5,131,454 | $9,681,046 |
| Option awards | $3,324,775 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $924,424 | $897,449 | $150,000 | $93,750 | $1,099,777 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 |
| All other | $9,567 | $21,674 | $29,411 | $23,212 | $40,674 |
| Total | $14,810,329 | $6,664,870 | $3,214,342 | $5,998,416 | $11,711,497 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Penguin Solutions, Inc. DEF 14A filed December 19, 2025, accession 0001616533-25-000073, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Penguin Solutions, Inc. filed document, accession 0001616533-25-000073. Every figure is read from that document and cited to the page and table it appears in. Filed December 19, 2025.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 416,628 | $10,053,234 | — |
| RSU | 112,837 | $2,722,757 | — |
| PSU | 107,958 | $2,605,027 | — |
| PSU | 82,486 | $1,990,387 | — |
| RSU | 46,400 | $1,119,632 | — |
| RSU | 16,869 | $407,049 | — |
| RSU | 5,272 | $127,213 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Penguin Solutions, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
1 Form 4 line since the FY2025 proxy (filed December 19, 2025)current to 2026-11-06 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-01-20 | Tax withholding | — | 12,513 | $19.96 | 963,183 |
The 1 most recent of 1 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments Penguin Solutions discloses, by trigger · FY2024| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Change in control, no termination | $0 | $6,997,828 | $0 | $6,997,828 |
| Disability | $0 | $0 | $0 | $963,094 |
| Involuntary termination without cause | $750,000 | $0 | $33,968 | $783,968 |
| Death | $0 | $0 | $0 | $2,000,000 |
| Change in control and involuntary termination | $1,265,625 | $12,984,693 | $50,346 | $14,300,664 |
Per the Potential Payments Upon Termination or Change in Control table in Penguin Solutions, Inc.'s FY2024 proxy. Estimates as the company printed them; a dash means it printed no figure.
Penguin Solutions’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Mark Adams · this page | President and Chief Executive Officer | $11,711,497 |
| Tony Frey | Senior Vice President and Chief Revenue Officer | $3,333,006 |
| Pete Manca | Former Senior Vice President, Penguin Solutions and President, Advanced Computing | $2,693,706 |
| Anne Kuykendall | Senior Vice President and Chief Legal Officer | $2,418,149 |
| Nate Olmstead | Senior Vice President and Chief Financial Officer | $2,303,806 |
| Joseph Clark | Senior Vice President, Penguin Solutions and President, Optimized LED | $1,825,108 |
Board service
Penguin Solutions board · FY2021–FY2025How this board is paid
Company policy: Penguin Solutions pays directors a $60,000 cash retainer and $175,000 in RSUs. As stated in Penguin Solutions's FY2025 proxy.
The full Penguin Solutions compensation record
free company briefThis page is one person within Penguin Solutions's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the Penguin Solutions proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order Penguin Solutions's full Executive Compensation Report with peer benchmarking.
How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Penguin Solutions's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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