Form 4: Plug Power Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Gerard L. Conway Jr., a Plug Power executive, sold shares to cover tax withholding obligations related to vesting restricted stock awards.
Summary
- Gerard L. Conway Jr., General Counsel, Corporate Secretary, and Executive VP of Plug Power Inc., reported changes in beneficial ownership of Plug shares.
- On May 9, 2024, Conway tendered 14,610 shares to cover tax obligations at a price of $2.52 per share.
- On August 8, 2024, he tendered 14,609 shares for the same reason at a price of $2.08 per share.
- Following these transactions, Conway directly owns 290,280 shares and indirectly owns 77,438 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company executive to cover tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | 14,610 shares of common stock were disposed of to satisfy tax withholding obligations at $2.52 per share. |
| 08/08/2024 | 14,609 shares of common stock were disposed of to satisfy tax withholding obligations at $2.08 per share. |
| 08/08/2024 | Date of plan statement for 401(k) holdings. |
| 08/09/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.