PLBY Group CEO Ben Kohn and Other Executive Officers to Sell a Portion of Shares from RSU Settlements to Satisfy Tax Obligations

Dec 15, 2022

LOS ANGELES, Dec. 14, 2022 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (the “Company”) announced today that Chief Executive Officer Ben Kohn and the other Section 16 officers of the Company will sell in the aggregate approximately 0.6 million shares of common stock, and the sale proceeds will be applied to cover the executives’ tax withholding obligations in connection with the settlement of approximately 1.2 million vested restricted stock units ("RSUs") previously granted to the executives. Pursuant to the Company's current practices, withholding tax obligations arising from RSU settlements are being satisfied by the sale of shares by the recipients solely to cover the taxes related to such transactions.

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