PLUG.NASDAQPlug Power INC

Form 4: Plug Power Executive Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Jose Luis Crespo, Chief Revenue Officer of Plug Power, sold shares to cover tax withholding obligations related to vesting restricted stock awards.

Summary

  • Jose Luis Crespo, Chief Revenue Officer of Plug Power, filed a Form 4 indicating changes in beneficial ownership.
  • On May 5, 2025, Crespo tendered 16,689 shares of common stock to the issuer to satisfy tax withholding obligations.
  • The shares were tendered at a price of $0.84 per share, based on the closing date of May 2, 2025.
  • Following the transaction, Crespo directly owns 307,332 shares of Plug Power common stock.
  • Crespo also indirectly owns 50,787 shares through Plug Power Inc.'s 401(k) plan, based on a plan statement as of May 6, 2025.

Sentiment

Score: 5

Explanation: The document describes a routine transaction. It's neither particularly positive nor negative from an investment perspective.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. This transaction appears to be a routine sale to cover tax obligations, which is a normal part of executive compensation.

Key Dates

DateDescription
05/02/2025Closing date used to determine the price per share for tendered shares.
05/05/2025Date of the transaction where shares were tendered to cover tax obligations.
05/06/2025Date of the 401(k) plan statement used to determine indirect ownership.
05/07/2025Date of the Form 4 filing.

Keywords

Plug Power, Jose Luis Crespo, Form 4, Beneficial Ownership, Tax Withholding, Stock Sale, PLUG

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