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Plug Power (PLUG) grants large stock options to General Counsel Conway

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Plug Power Inc. reported that executive Gerard L. Conway Jr., its General Counsel, Corporate Secretary and Executive Vice President, received two new stock option awards. He was granted options covering 362,694 shares of common stock at an exercise price of $2.83 per share and options covering 357,143 shares at an exercise price of $2.57 per share.

Both option grants were awarded under Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended, and each grant is scheduled to vest in three equal annual installments after the grant date, conditioned on his continued service with the company through each vesting date. Following these awards, the reported holdings for each respective option series match the granted amounts, indicating newly established positions rather than exercises of existing options.

Positive

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Negative

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Insider Conway Gerard L JR
Role Gen. Coun, Corp Sec., Exec. VP
Type Security Shares Price Value
Grant/Award Stock Option (Right to Buy) 357,143 $0.00 --
Grant/Award Stock Option (Right to Buy) 362,694 $0.00 --
Holdings After Transaction: Stock Option (Right to Buy) — 357,143 shares (Direct, null)
Footnotes (1)
  1. Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended. The shares underlying this stock option shall vest in three equal annual installments following the grant date, subject to the Reporting Person's continued service on each such vesting date.
Option grant 1 size 362,694 options Right to buy Plug Power common stock
Option grant 1 exercise price $2.83 per share Exercise price for 362,694-share option grant
Option grant 2 size 357,143 options Right to buy Plug Power common stock
Option grant 2 exercise price $2.57 per share Exercise price for 357,143-share option grant
Grant vesting schedule Three equal annual installments Vesting conditioned on continued service after grant date
Option expiration date June 25, 2036 Expiration for both stock option grants
Underlying common shares grant 1 362,694 shares Common stock underlying first stock option grant
Underlying common shares grant 2 357,143 shares Common stock underlying second stock option grant
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
2021 Stock Option and Incentive Plan financial
"Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended."
exercise price financial
"conversion_or_exercise_price: 2.8300 and 2.5700"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"shall vest in three equal annual installments following the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Conway Gerard L JR
(Last)(First)(Middle)
C/O PLUG POWER INC.
125 VISTA BOULEVARD
(Street)
SLINGERLANDS NEW YORK 12159
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PLUG POWER INC [ PLUG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Gen. Coun, Corp Sec., Exec. VP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)(1)$2.5706/25/2026A357,143 (2)06/25/2036Common Stock357,143$0.00357,143D
Stock Option (Right to Buy)(1)$2.8306/25/2026A362,694 (2)06/25/2036Common Stock362,694$0.00362,694D
Explanation of Responses:
1. Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended.
2. The shares underlying this stock option shall vest in three equal annual installments following the grant date, subject to the Reporting Person's continued service on each such vesting date.
/s/ Gerard L. Conway, Jr.06/29/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Plug Power (PLUG) report in this Form 4 for Gerard L. Conway Jr.?

Plug Power reported that executive Gerard L. Conway Jr. received two stock option grants as compensation. These awards give him rights to buy Plug Power common shares at fixed exercise prices, subject to multi-year vesting tied to continued service.

How many Plug Power (PLUG) stock options were granted to Gerard L. Conway Jr.?

Gerard L. Conway Jr. was granted options over 362,694 shares and a separate grant over 357,143 shares of Plug Power common stock. These derivative awards together establish sizable potential equity exposure if the options vest and are eventually exercised.

What are the exercise prices of the new Plug Power (PLUG) stock options?

The new stock option grants carry exercise prices of $2.83 per share and $2.57 per share. These exercise prices define the cost at which Conway can buy Plug Power common stock if the options vest and he chooses to exercise them.

When do Gerard L. Conway Jr.’s Plug Power (PLUG) options expire?

Both Plug Power stock option grants to Gerard L. Conway Jr. are scheduled to expire on June 25, 2036. This long-dated expiration gives a substantial time window in which vested options could be exercised for Plug Power common shares.

How will Gerard L. Conway Jr.’s Plug Power (PLUG) options vest?

Each Plug Power stock option grant will vest in three equal annual installments following the grant date. Vesting is subject to Conway’s continued service with the company on each vesting date, aligning the awards with ongoing executive tenure.

Under which plan were the Plug Power (PLUG) options to Gerard L. Conway Jr. awarded?

The options were awarded under Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended. This plan governs the terms of equity-based compensation grants, including stock options, made to eligible participants such as senior executives.