Form 4: Plug Power Executive Gerard L. Conway Jr. Reports Stock Transactions
SEC Form 4 Filing
Gerard L. Conway Jr., a Plug Power executive, reported the disposition of shares to cover tax obligations and holdings in the company's 401(k) plan.
Summary
- On May 5, 2025, Gerard L. Conway Jr., General Counsel, Corporate Secretary, and Executive VP of Plug Power Inc., reported transactions involving Plug Power's common stock.
- Conway disposed of 16,188 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock awards.
- The shares were tendered to the issuer at a price of $0.84 per share, based on the closing date of May 2, 2025.
- Following the reported transaction, Conway directly owns 259,482 shares of Plug Power common stock.
- Conway also holds 82,638 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: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine regulatory filing.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into the transactions of those with access to inside information.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Closing date used to determine the price per share for tendered stock ($0.84). |
| 05/05/2025 | Date of the stock transaction (disposal of shares). |
| 05/06/2025 | Date of the 401(k) plan statement used for reporting purposes. |
| 05/07/2025 | Date of signature for the Form 4 filing. |
Keywords
Plug Power, Gerard L. Conway Jr., Form 4, Stock Transaction, Beneficial Ownership, Tax Withholding, 401(k) Plan, PLUG
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