0001628280-26-024747
SEC filingPlayboy, Inc. entered into retention agreements with its four named executive officers on April 10, 2026, confirming prior RSU grants and promising additional 2027 RSUs or cash equivalents under specific conditions.
The retention agreements incentivize key executives to remain with Playboy, Inc. amid potential equity constraints under the 2021 Plan by confirming substantial 2026 RSU grants already awarded and committing to matching 2027 grants, subject to committee discretion. Cash conversion provisions protect executives in M&A scenarios or involuntary terminations without cause, using stock value at event or termination, payable within 30 days. Prior retention agreements are terminated as fulfilled. This structure aligns executive retention with shareholder interests while preserving flexibility, with at-will employment unchanged and Section 409A compliance ensured.