Form 4: Plug Power Director Patrick Joggerst Receives Stock and Option Awards

Director Patrick Joggerst received 37,375 shares of common stock and an option to purchase 37,375 shares of common stock from Plug Power on June 5, 2024.

Summary

• Patrick Joggerst, a director at Plug Power Inc., received a restricted stock award of 37,375 shares on June 5, 2024, at a price of $0.00 per share.
• These shares will vest on the first anniversary of the grant date.
• Joggerst also received a stock option to purchase 37,375 shares of common stock at an exercise price of $3.01.
• This option also vests on the first anniversary of the grant date and expires on June 5, 2034.
• Following these transactions, Joggerst directly owns 46,608 shares of Plug Power common stock and options to purchase 37,375 shares.
• The awards were made under the Plug Power Inc. 2021 Stock Option and Incentive Plan, as amended, in accordance with the Non-Employee Director Compensation Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning interests with shareholders.

Positives

• The grant of stock and options aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and contribution to the company.

Industry Context

Director compensation packages often include stock and option awards to align the interests of directors with those of shareholders and incentivize long-term value creation.

Stakeholder Impact

• The stock and option awards align the director's interests with those of the shareholders, potentially leading to decisions that benefit shareholder value.

Key Dates