Form 4: Plug Power Corporate Controller Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
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 July 31, 2024, Martin Daniel Hull, Corporate Controller and CAO of Plug Power Inc., disposed of 4,475 shares of common stock to satisfy tax withholding obligations.
- The shares were tendered to the issuer at a price of $2.4 per share, based on the closing date of July 30, 2024.
- Following the transaction, Hull directly owns 206,985 shares of Plug Power common stock.
- Hull also indirectly owns 35,592 shares through Plug Power Inc.'s 401(k) plan, based on a plan statement as of August 2, 2024.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction related to tax obligations. It is neither particularly positive nor negative for the company's outlook.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's long-term outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Closing date used to determine the price per share for tendered shares. |
| 07/31/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 08/02/2024 | Date of the 401(k) plan statement used to determine the number of shares held indirectly. |
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