Form 4: Plug Power Executive Gerard L. Conway Jr. Reports Stock Transaction
SEC Form 4 Filing
Gerard L. Conway Jr., General Counsel, Corporate Secretary, and Executive VP of Plug Power Inc., reported a transaction involving the disposal of 14,610 shares of common stock to cover tax obligations.
Summary
- On November 6, 2024, Gerard L. Conway Jr., an executive at Plug Power Inc., disposed of 14,610 shares of common stock.
- The shares were tendered to the issuer to satisfy tax withholding obligations related to the vesting of restricted stock awards.
- The price per share was $2.52, based on the closing date of November 5, 2024.
- Following the transaction, Conway directly owns 275,670 shares and indirectly owns 77,438 shares through a 401(k) plan.
- The 401(k) plan information is based on a statement as of August 8, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders trade in their company's stock. It provides transparency to investors about the transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| August 8, 2024 | Date of the 401(k) plan statement used for reporting. |
| November 5, 2024 | Closing date used to determine the price per share for the transaction ($2.52). |
| November 6, 2024 | Date of the stock transaction (disposal of 14,610 shares). |
| November 8, 2024 | Date of signature on the Form 4 filing. |
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