PLAYSTUDIOS Inc

For the period ended Jun 4, 2024. Filed Apr 24, 2024.

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Jun 4, 2024 · Filed Apr 24, 2024

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Contents

Summary Compensation Table

EXECUTIVE COMPENSATION

This section provides an overview of our executive compensation programs, including a narrative description of the material factors necessary to understand the information disclosed in the summary compensation table below.

For the years ended December 31, 2023 and December 31, 2022, our named executive officers (“Named Executive Officers” or “NEOs”) were:

Andrew Pascal, Chairman and Chief Executive Officer;

Scott Peterson, Chief Financial Officer; and

Joel Agena, General Counsel and Secretary.

The objective of our compensation program is to provide a total compensation package to each NEO to enable us to attract, motivate and retain outstanding individuals, align the interests of our executive team with those of our equity holders, encourage individual and collective contributions to the successful execution of our short- and long-term business strategies and reward NEOs for performance. The Board of Directors has historically determined the compensation for the NEOs, with the CEO providing his recommendation regarding the compensation for the other NEOs.

For the years ended December 31, 2023 and December 31, 2022, the compensation program for the NEOs consisted of base salary and incentive compensation delivered in the form of an annual cash bonus, each as described below:

Base Salary. Base salary is paid to attract and retain qualified talent and is set at a level that is commensurate with the NEO’s duties and authorities, contributions, prior experience, and sustained performance.

Annual Cash Bonus. Annual cash bonuses are paid to incentivize the NEOs to achieve our annual financial and operating performance metrics goals and are paid at the discretion of the Board of Directors.

Equity-Based Long-Term Incentive Compensation. Equity compensation is provided in the form of restricted stock units with multi-year vesting to align NEO’s interests with our stockholders’ interests and to emphasize long-term financial performance and executive retention.

SUMMARY COMPENSATION TABLE

The following table shows information concerning the annual compensation for services provided to the Company by the NEOs for the years ended December 31, 2023, and December 31, 2022.


Andrew Pascal, Chairman and CEO	2023	740,385	400,000(2)	4,770,000	2,600	5,912,985
	2022	500,000	375,000(3)	—	378,500(3)(4)	1,253,500
Scott Peterson, CFO	2023	350,000	100,000(2)	—	7,100	457,100
	2022	331,923	85,000(3)	2,290,500	81,638(4)	2,789,062
Joel Agena, General Counsel and Secretary	2023	275,000	35,000(2)	—	6,000	316,000
	2022	265,962	50,000(3)	1,527,000	80,319(4)	1,923,281

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(1)

The amounts in this column reflect the grant date fair value of RSUs granted to the named executive officers in each covered fiscal year computed in accordance with FASB ASC Topic 718 and do not reflect whether the recipient has actually received a financial benefit from the award.

(2)

Paid in 2024.

(3)

Paid in 2023.

(4)

Messrs. Pascal, Peterson, and Agena received $375,000, $75,000, and $75,000 of transaction-related compensation, respectively, as a result of our acquisition of Brainium Studios LLC.

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