STOCK TITAN
  1. Home
  2. Sec-filings
  3. MYPS
  4. [8-K] PLAYSTUDIOS, Inc. Reports Material Event

New PSUs replace lapsed 2025 awards at PLAYSTUDIOS (MYPS)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

PLAYSTUDIOS, Inc. reported that performance stock units granted in 2025 to its senior leadership did not vest because financial performance targets for the fiscal year ended December 31, 2025 were not achieved, so those awards were forfeited and no shares will be issued.

The company’s Compensation Committee also approved new 2026 performance-based stock unit grants under its 2021 Equity Incentive Plan, including 625,000 PSUs for Chairman and CEO Andrew Pascal, 250,000 for CFO Scott Peterson, 233,333 for COO Robert L. Oseland, and 125,000 for General Counsel Joel Agena. These PSUs can vest from 0% to 100% based on 2026 financial targets, with settlement expected around March 15, 2027, assuming continued employment.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Understanding 8-K Material Events →
0001823878FALSE00018238782026-03-122026-03-120001823878us-gaap:CommonClassAMember2026-03-122026-03-120001823878us-gaap:WarrantMember2026-03-122026-03-12

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

March 12, 2026
Date of Report (date of earliest event reported)
PLAYSTUDIOS, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-39652
88-1802794
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
10150 Covington Cross Drive, Las Vegas, Nevada
89144
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (725) 877-7000

Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A common stockMYPSNasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per shareMYPSWNasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02.     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Forfeiture of 2025 Performance-Based Equity Awards
On March 12, 2026, Compensation Committee (the “Compensation Committee”) of the Board of Directors of PLAYSTUDIOS, Inc. (the “Company”) determined that, with respect to certain performance stock units performance stock units (“PSUs”) under the Company’s 2021 Equity Incentive Plan (the “Plan”) previously granted to each of Andrew Pascal, Chairman and Chief Executive Officer; Robert L. Oseland, Chief Operating Officer; Scott Peterson, Chief Financial Officer; and Joel Agena, General Counsel and Secretary, as reported on the Company’s Current Report on Form 8-K dated March 7, 2025 (filed March 10, 2025), the applicable financial performance targets for the fiscal year ended December 31, 2025 were not achieved and, accordingly, such PSUs were forfeited and no shares will be issued.
Grant of 2026 Performance-Based Equity Awards
On March 12, 2026, the Compensation Committee approved grants of PSUs under the Plan to certain of the Company’s officers in the following amounts:
OfficerNumber of PSUs
Andrew Pascal, Chairman and Chief Executive Officer625,000 
Scott Peterson, Chief Financial Officer250,000 
Robert L. Oseland, Chief Operating Officer233,333 
Joel Agena, General Counsel and Secretary125,000 
The PSUs are eligible to vest following certification of the Company’s performance results for the fiscal year ending December 31, 2026, with settlement expected to occur on or about March 15, 2027, subject in each case to the recipient’s continued employment with the Company through the applicable vesting date. Each PSU represents the right to receive one share of the Company’s Class A common stock, or the cash value thereof, upon vesting and settlement. Vesting will be based on the Company’s achievement of pre-established financial performance targets approved by the Compensation Committee for fiscal year 2026, and the number of shares issuable upon vesting may range from 0% to 100% of the number of PSUs granted, based on the Company’s actual performance relative to such targets.
The foregoing description of the PSUs is a summary only and does not purport to describe all terms and conditions applicable to the awards. The description is subject to and qualified in its entirety by the terms of the Plan, a copy of which is filed as Exhibit 10.6 to the Company’s Current Report on Form 8-K dated June 21, 2021 (filed June 25, 2021), and the form of Performance Stock Unit Award Agreement, a copy of which is filed as Exhibit 10.2, each of which is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits
(a)None
(b)None
(c)None
(d)Exhibits
Exhibit NumberDescription
10.1^
PLAYSTUDIOS, Inc. 2021 Equity Incentive Plan (incorporated by reference to Exhibit 10.6 to Current Report on Form 8-K filed June 25, 2021).
10.2*^
Form of Performance Stock Unit Award Agreement under 2021 Equity Incentive Plan.
104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

*Filed herewith
^Indicates management contract or compensatory plan


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 18, 2026
PLAYSTUDIOS, Inc.
By:/s/ Scott Peterson
Name:Scott Peterson
Title:Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What executive equity awards did PLAYSTUDIOS (MYPS) forfeit for 2025?

PLAYSTUDIOS forfeited certain 2025 performance stock units granted to top executives because financial performance targets for the year ended December 31, 2025 were not met. As a result, those PSUs will not vest and no Class A shares will be issued under those awards.

What new 2026 PSUs did PLAYSTUDIOS (MYPS) grant to executives?

For 2026, PLAYSTUDIOS granted new performance stock units to key officers: 625,000 PSUs to CEO Andrew Pascal, 250,000 to CFO Scott Peterson, 233,333 to COO Robert L. Oseland, and 125,000 to General Counsel Joel Agena, all under the 2021 Equity Incentive Plan.

How do the 2026 PLAYSTUDIOS (MYPS) performance stock units vest?

The 2026 PSUs vest based on pre-established 2026 financial performance targets approved by the Compensation Committee. Actual vesting can range from 0% to 100% of granted units, depending on company performance, and each PSU represents one Class A share or its cash value upon settlement.

When will PLAYSTUDIOS (MYPS) 2026 PSUs be settled?

The 2026 performance stock units are eligible to vest after certification of fiscal 2026 results, with settlement expected on or about March 15, 2027. Settlement and vesting both require executives to remain employed with PLAYSTUDIOS through the applicable vesting date under the plan terms.

What plan governs PLAYSTUDIOS (MYPS) new PSU awards?

The new 2026 PSUs are granted under the PLAYSTUDIOS 2021 Equity Incentive Plan. Award terms are further detailed in a Performance Stock Unit Award Agreement form, both of which are filed as exhibits and incorporated by reference into the disclosure for these executive compensation actions.

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

Other Documents