secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0001803914-25-000098
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLBY enters retention agreements with CEO, CFO, GC; awards 1.7M RSUs total
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- CEO Ben Kohn receives 1,000,000 RSUs; CFO Marc Crossman and GC Chris Riley receive 350,000 RSUs each.
- 2025 RSUs vest April 30, 2026; 2026 grants (same amounts) subject to Compensation Committee approval.
- If change in control occurs before 2026 grants, executives get cash equal to share value times unissued RSUs.
- Termination without cause before 2026 grants triggers cash payout at market value per share.
- Agreements replace prior 2024 retention letter; 2024 and 2025 grants already awarded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000180391425000098/0001803914-25-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000180391425000098/ply-20250604.htm
  HTML page:      https://secwatch.observer/filing/0001803914-25-000098

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer