Penguin Solutions (PENG) executive compensation, 2025 proxy

Mark Adams, President and Chief Executive Officer, was paid $11.7M in fiscal 2025, up 95% from $6M the year before. The CEO-to-median-employee pay ratio was 262:1, on median employee pay of $44,715.

Filed
December 19, 2025
Annual meeting
February 6, 2026
Pay year
fiscal 2025
Named executives
6
CEO total pay
$11.7M+95% vs prior year
CEO to median employee
262:1median $44,715
CEO pay in equity
83%$9.7M in awards
CEO Salary
$890,000Fiscal 2025 base salary
CEO Stock Awards
$9.7MGrant date fair value
CEO Non-Equity Incentive
$1,099,777Short-term cash incentive payout
Median Employee Pay
$44,715Annual total compensation
CEO Pay Ratio
262:1Ratio to median employee

How Adams was paid

$11.7M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary8%Stock awards83%Non-equity incentive9%All other compensation0%

Named executive officers

ExecutiveTotal
Mark AdamsPresident and Chief Executive Officer$11,711,497
Nate OlmsteadSenior Vice President and Chief Financial Officer$2,303,806
Tony FreySenior Vice President and Chief Revenue Officer$3,333,006
Anne KuykendallSenior Vice President and Chief Legal Officer$2,418,149
Joseph ClarkSenior Vice President and President, Optimized LED$1,825,108
Pete MancaFormer Senior Vice President and President, Advanced Computing$2,693,706

What changed and why

  • $11.7MPresident and CEO Mark Adams received total compensation of $11,711,497 in fiscal 2025.
  • $6MCEO total compensation increased from $5,998,416 in fiscal 2024 to $11,711,497 in fiscal 2025.
  • $9.7MStock awards granted to the CEO totaled $9,681,046 for fiscal 2025.
  • $1.1MNon-equity incentive plan compensation for the CEO was $1,099,777 for fiscal 2025.
  • $44,715The CEO to median employee pay ratio was 262 to 1 based on median employee pay of $44,715.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.