[Form 4] Plug Power Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 22 July 2025, DXC Technology Company (DXC) held its 2025 Annual Meeting of Stockholders and disclosed the certified voting results in this Form 8-K (Item 5.07).

• Board elections: All ten director nominees—headed by David A. Barnes and Raul J. Fernandez—were elected to serve until the 2026 meeting. Support levels were strong, with the lowest "For" tally at 136.2 million votes and the highest at 142.6 million; broker non-votes totaled 18.5 million for each nominee.
• Auditor ratification: Deloitte & Touche LLP was re-appointed as independent auditor for FY 2026, receiving 151.7 million "For" votes versus 10.2 million "Against" and 0.4 million abstentions.
• Say-on-pay: Shareholders approved the advisory vote on named-executive compensation with 135.6 million "For" votes (approx. 93% of votes cast), 7.5 million "Against," and 0.7 million abstentions.

No other matters were brought before shareholders, and there were no disclosures regarding financial performance, strategic transactions, or guidance. The filing is primarily procedural, confirming continued shareholder support for DXC’s leadership, compensation practices, and external auditor.

Insights

Corporate Governance Analyst

TL;DR: Routine annual-meeting results; strong shareholder support, no material surprises, neutral market impact.

The 8-K reports standard governance outcomes: all nominees elected, auditor re-ratified, and say-on-pay passed comfortably. Support percentages exceed typical S&P 500 medians, suggesting shareholder alignment with current strategy and leadership. However, these results were widely anticipated and do not alter DXC’s financial outlook or risk profile. No new initiatives, capital actions, or operational updates were provided. Accordingly, the filing is classified as not impactful for valuation or near-term trading but does confirm governance stability.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BONNEY MARK J

(Last) (First) (Middle)

C/O PLUG POWER INC.

125 VISTA BOULEVARD

(Street)

SLINGERLANDS NY 12159

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PLUG POWER INC [ PLUG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/03/2025		A		76,531(1)	A	$0.00	190,255	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)(2)	$1.47	07/03/2025		A		76,531		(3)	07/03/2035	Common Stock	76,531	$0	76,531	D

Explanation of Responses:

1. Consists of a restricted stock award made pursuant to the Plug Power Inc. 2021 Stock Option and Incentive Plan, as amended, in accordance with the Non-Employee Director Compensation Plan. The restricted stock shall vest in full on the earlier of (i) first anniversary of the grant date or (ii) the date of the next annual meeting which is at least fifty (50) weeks after the immediately preceding year's annual meeting.

2. Stock option granted pursuant to the Plug Power Inc. 2021 Stock Option and Incentive Plan, as amended, in accordance with the Non-Employee Director Compensation Plan.

3. The options shall vest in full on the earlier of (i) first anniversary of the grant date or (ii) the date of the next annual meeting which is at least fifty (50) weeks after the immediately preceding year's annual meeting.

	/s/ Gerard L. Conway Jr., Attorney-in-Fact	07/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What decisions were made at DXC's 2025 Annual Meeting?

Shareholders elected all ten directors, ratified Deloitte & Touche as auditor for FY 2026, and approved executive compensation on an advisory basis.

Did DXC shareholders approve the say-on-pay proposal?

Yes. Approximately 135.6 million votes were cast in favor, with 7.5 million against and 0.7 million abstaining.

Was Deloitte & Touche re-appointed as DXC's auditor?

Yes. The firm received 151.7 million votes in favor versus 10.2 million against.

Were there any other matters voted on at the DXC 2025 Annual Meeting?

No. Only the director elections, auditor ratification, and advisory say-on-pay were submitted to shareholders.

Does the 8-K contain financial or strategic updates for DXC (NYSE: DXC)?

No. The filing is limited to shareholder voting results and offers no earnings, guidance, or transaction details.