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
- Martin Daniel Hull, the Corporate Controller and CAO of Plug Power Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 6, 2025, Hull tendered 18,650 shares of common stock to the issuer to satisfy tax withholding obligations.
- The shares were tendered at a price of $1.22 per share, based on the closing date of April 4, 2025.
- Following the transaction, Hull directly owns 179,873 shares of Plug Power common stock.
- Hull also holds 46,090 shares of common stock indirectly through Plug Power Inc.'s 401(k) plan, based on a plan statement as of May 6, 2025.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Closing date used to determine the price per share for the tendered shares. |
| 04/06/2025 | Date of the transaction where shares were tendered to cover tax obligations. |
| 05/06/2025 | Date of the 401(k) plan statement used to determine the number of shares held indirectly. |
| 05/07/2025 | Date of the Form 4 filing. |
Keywords
Form 4, Plug Power, Beneficial Ownership, Stock Sale, Tax Obligations, Martin Daniel Hull, PLUG
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