Form 4: Plug Power Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jose Luis Crespo, a General Manager at Plug Power, sold shares to cover tax obligations related to vesting restricted stock awards.
Summary
- Jose Luis Crespo, a General Manager at Plug Power, reported changes in beneficial ownership of Plug Power stock.
- On May 9, 2024, and August 8, 2024, Crespo tendered shares to the issuer to satisfy tax withholding obligations related to vesting restricted stock awards.
- On May 9, 2024, 15,241 shares were disposed of at $2.52 per share.
- On August 8, 2024, 15,240 shares were disposed of at $2.08 per share.
- Following these transactions, Crespo directly owns 339,262 shares and indirectly owns 45,587 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's sentiment about the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | 15,241 shares of common stock disposed of at $2.52 per share to cover tax obligations. |
| 08/08/2024 | 15,240 shares of common stock disposed of at $2.08 per share to cover tax obligations. |
| 08/08/2024 | Date of plan statement for 401(k) holdings. |
| 08/09/2024 | Date of signature for the Form 4 filing. |
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