Form 4: Plug Power Corporate Controller Sells Shares to Cover Tax Obligations
SEC Form 4
Martin Daniel Hull, Corporate Controller and CAO of Plug Power Inc., sold shares to cover tax withholding obligations related to vesting restricted stock awards.
Summary
- On October 17, 2024, Martin Daniel Hull, Corporate Controller and CAO of Plug Power Inc., sold 5,816 shares of common stock at a price of $2.07 per share to satisfy tax withholding obligations.
- Following the transaction, Hull directly owns 198,523 shares of Plug Power Inc.
- Hull also indirectly owns 35,592 shares through the company's 401(k) plan, based on a plan statement as of August 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| August 2, 2024 | Date of the 401(k) plan statement used to determine indirect ownership. |
| October 16, 2024 | Closing date used to determine the price per share for the tendered shares. |
| October 17, 2024 | Date of the transaction (stock sale). |
| October 21, 2024 | Date of the report. |
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