Plug Power (PLUG) director receives stock and option grants in new filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Plug Power Inc. director Maureen O. Helmer received new equity compensation. She was granted 39,753 shares of common stock as a restricted stock award and 39,753 stock options with an exercise price of $2.83 per share under Plug Power’s 2021 Stock Option and Incentive Plan.
The restricted stock and options each vest in full on the first anniversary of the June 11, 2026 grant date, contingent on her continued board service. After this award, she directly owns 361,318 shares of common stock and holds 39,753 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HELMER MAUREEN O
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 39,753 | $0.00 | -- |
| Grant/Award | Common Stock | 39,753 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 39,753 shares (Direct, null);
Common Stock — 361,318 shares (Direct, null)
Footnotes (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 first anniversary of the grant date, subject to the Reporting Person's continued service on such vesting date. 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. The options shall vest in full on the first anniversary of the grant date, subject to the Reporting Person's continued service on such vesting date.
Key Figures
Restricted stock grant: 39,753 shares
Stock options granted: 39,753 options
Option exercise price: $2.83 per share
+3 more
6 metrics
Restricted stock grant
39,753 shares
Common stock award to Maureen Helmer on June 11, 2026
Stock options granted
39,753 options
Right to buy Plug Power common stock
Option exercise price
$2.83 per share
Strike price for Helmer’s June 11, 2026 option grant
Option expiration date
June 11, 2036
End of exercise period for granted options
Shares owned after grant
361,318 shares
Helmer’s direct Plug Power common stock holdings post-grant
Options held after grant
39,753 options
Total options from this reported grant
Key Terms
restricted stock award, 2021 Stock Option and Incentive Plan, Non-Employee Director Compensation Plan, Stock option, +1 more
5 terms
restricted stock award financial
"Consists of a restricted stock award made pursuant to the Plug Power Inc. 2021 Stock Option and Incentive Plan"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
2021 Stock Option and Incentive Plan financial
"made pursuant to the Plug Power Inc. 2021 Stock Option and Incentive Plan, as amended"
Non-Employee Director Compensation Plan financial
"in accordance with the Non-Employee Director Compensation Plan"
Stock option financial
"Stock option granted pursuant to the Plug Power Inc. 2021 Stock Option and Incentive Plan"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
vesting financial
"The options shall vest in full on the first anniversary of 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.
FAQ
What did Plug Power (PLUG) director Maureen Helmer acquire in this Form 4?
Maureen Helmer received equity compensation, not an open-market purchase. She was granted 39,753 restricted shares of Plug Power common stock and 39,753 stock options, all under the company’s 2021 Stock Option and Incentive Plan for non-employee directors.
What is the exercise price of Maureen Helmer’s Plug Power (PLUG) stock options?
The granted stock options have an exercise price of $2.83 per share. This means Helmer can buy Plug Power common shares at $2.83 if she exercises the options after they vest and before they expire, subject to the plan’s terms.
When do Maureen Helmer’s new Plug Power (PLUG) awards vest?
Both the 39,753 restricted shares and 39,753 stock options vest in full on the first anniversary of the grant date. Vesting is contingent on Helmer’s continued service as a non-employee director through that one-year vesting date.
When do Maureen Helmer’s Plug Power (PLUG) stock options expire?
The stock options granted to Helmer are scheduled to expire on June 11, 2036. She can generally exercise them between vesting on the first anniversary of the grant date and that expiration date, subject to the plan and award agreement conditions.
Is Maureen Helmer’s Plug Power (PLUG) Form 4 a market buy or sell?
The Form 4 reports compensation grants, not market trades. Helmer acquired restricted shares and stock options at a stated price of $0.00 per share as part of Plug Power’s non-employee director compensation plan, rather than buying or selling on the open market.