On March 12, 2026, PLAYSTUDIOS, Inc. announced that its Compensation Committee determined that the financial performance targets for certain performance stock units (PSUs) granted to key executives were not met for the fiscal year ending December 31, 2025. As a result, these PSUs were forfeited, meaning that no shares will be issued to the affected executives, which include Andrew Pascal, Robert L. Oseland, Scott Peterson, and Joel Agena. This forfeiture reflects the company's performance challenges during the specified period. In a move to align incentives with future performance, the Compensation Committee also approved new grants of PSUs to these executives under the company's 2021 Equity Incentive Plan. The new PSUs will vest based on the company's achievement of pre-established financial performance targets for the fiscal year ending December 31, 2026. The total number of PSUs granted includes 625,000 for Andrew Pascal, 250,000 for Scott Peterson, 233,333 for Robert L. Oseland, and 125,000 for Joel Agena. The new awards are designed to motivate the executives to drive the company's performance in the upcoming fiscal year, with vesting contingent on continued employment and the achievement of the specified performance metrics. This strategic decision aims to enhance operational execution and governance controls within the company, while also addressing the need for improved financial results.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.