Form 4: Plug Power CFO Paul Middleton Reports Stock Transaction
SEC Filing Form 4
Paul Middleton, CFO of Plug Power Inc., reports a transaction involving the disposal of shares to cover tax obligations.
Summary
- Paul Middleton, the CFO and Executive VP of Plug Power Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 5, 2025, Middleton disposed of 17,081 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock awards.
- The shares were tendered to the issuer at a price of $0.84 per share, based on the closing date of May 2, 2025.
- Following the transaction, Middleton directly owns 1,558,064 shares and indirectly owns 56,047 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a transaction to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Closing date used to determine the price per share for tendered shares. |
| 05/05/2025 | Date of the stock transaction (disposal of shares). |
| 05/06/2025 | Date of the plan statement used for 401(k) share information. |
| 05/07/2025 | Date of the Form 4 filing. |
Keywords
Form 4, Plug Power, Middleton, Stock Transaction, Beneficial Ownership, Tax Withholding, PLUG
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