PLAYSTUDIOS (MYPS) CFO forfeits 250,000 PSUs and receives new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PLAYSTUDIOS, Inc. Chief Financial Officer Scott Edward Peterson reported changes to his equity awards. On March 12, 2026, 250,000 Performance Stock Units previously granted on March 7, 2025 were forfeited and returned to the issuer after fiscal 2025 performance conditions were not achieved, with no shares issued.
On the same date, he received a new grant of 250,000 unvested Performance Stock Units tied to pre-established performance metrics for the fiscal year ending December 31, 2026. Each Performance Stock Unit may convert into up to one share of Class A Common Stock upon vesting and settlement, depending on performance.
He also reports holdings of Restricted Stock Units, stock options, and earnout shares linked to specified stock price targets, along with indirect holdings through the Scott E Peterson Trust and shares held by his spouse, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Peterson Scott Edward
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Stock Units | 250,000 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 250,000 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Earnout Shares | -- | -- | -- |
| holding | Earnout Shares | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 333,334 shares (Direct);
Stock Options — 67,974 shares (Direct);
Earnout Shares — 12,840 shares (Direct);
Earnout Shares — 50,518 shares (Indirect, by Scott E Peterson Trust);
Class A Common Stock — 400,110 shares (Indirect, by Scott E Peterson Trust)
Footnotes (1)
- Reflects shares owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose Represents Performance Stock Units granted on March 7, 2025 that were eligible to vest based on achievement of performance conditions for fiscal year ended December 31, 2025. The Compensation Committee of the Company's Board of Directors determined that the applicable performance conditions were not achieved, and the award was forfeited with no shares issued. Represents a grant of unvested Performance Stock Units. Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2026. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. On March 11, 2024, the Reporting Person was granted 766,669 unvested unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Issuer through the applicable vesting date: 183,334 Restricted Stock Units vesting on May 15, 2024; 250,001 Restricted Stock Units vesting on May 15, 2025; 166,667 Restricted Stock Units vesting on May 15, 2026; and 166,667 Restricted Stock Units vesting on May 15, 2027. On March 7, 2025, the Reporting Person was granted 333,334 unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 83,333 Restricted Stock Units vesting on May 15, 2025; 83,334 Restricted Stock Units vesting on January 15, 2026; 83,334 Restricted Stock Units vesting on January 15, 2027; and 83,333 Restricted Stock Units vesting on January 15, 2028. Payable in two equal tranches if the closing price of the Class A Common Stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period commencing on or after the 150th day following the closing (the "Closing") of the business combination pursuant to the Agreement and Plan of Merger, dated as of February 1, 2021, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing. The Earnout Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer.
FAQ
What equity award changes did the PLAYSTUDIOS (MYPS) CFO report on this Form 4?
The CFO reported forfeiting 250,000 Performance Stock Units and receiving a new grant of 250,000 Performance Stock Units. The forfeited award related to fiscal 2025 performance, while the new grant is tied to performance metrics for the fiscal year ending December 31, 2026.
Why were 250,000 PLAYSTUDIOS Performance Stock Units forfeited by the CFO?
The 250,000 Performance Stock Units granted on March 7, 2025 were forfeited because the Compensation Committee determined the applicable performance conditions for the fiscal year ended December 31, 2025 were not achieved. As a result, the award was canceled and no shares were issued.
What are the terms of the new 250,000 Performance Stock Units granted to the MYPS CFO?
The new 250,000 Performance Stock Units represent the contingent right to receive up to one share of Class A Common Stock per unit. The actual number of shares issued will depend on achievement of pre-established performance metrics for the fiscal year ending December 31, 2026, as determined by the Compensation Committee.
What Restricted Stock Unit vesting schedules are disclosed for PLAYSTUDIOS CFO Scott Peterson?
One grant of 766,669 Restricted Stock Units from March 11, 2024 vests in four tranches through May 15, 2027. Another grant of 333,334 Restricted Stock Units from March 7, 2025 vests in four tranches from May 15, 2025 through January 15, 2028, subject to continued employment.
What stock options does the PLAYSTUDIOS CFO hold according to this Form 4?
He holds stock options over 67,974 shares of Class A Common Stock at an exercise price of $1.01 expiring April 1, 2027, and options over 67,971 shares at an exercise price of $1.44 expiring January 1, 2029. These remain outstanding as derivative positions.