PLBY Group Inc. has announced new retention agreements for its top executives, including CEO Ben Kohn, CFO and COO Marc Crossman, and General Counsel Chris Riley. The agreements, effective June 4, 2025, include grants of restricted stock units (RSUs) under the company's 2021 Equity and Incentive Compensation Plan. Kohn will receive RSUs for 1,000,000 shares, while Crossman and Riley will each receive RSUs for 350,000 shares, all vesting by April 30, 2026. Additionally, similar RSUs are planned for 2026, vesting by April 30, 2027, subject to approval by the company's Compensation Committee. Under specific conditions, these future RSUs could be converted to cash payments. However, the executives will forfeit the 2026 RSUs or cash payments if they resign or are terminated for cause before issuance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.