Plug Power (PLUG) grants new stock options to CSO Benjamin Haycraft
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Haycraft Benjamin reported acquisition or exercise transactions in this Form 4 filing.
Plug Power Inc. reported that CSO & GM EMEA Benjamin Haycraft received two stock option awards as part of equity compensation. He was granted 362,694 options to buy common stock at $2.83 per share and 357,143 options at $2.57 per share, both expiring on June 25, 2036. The footnotes state these options were awarded under Plug Power’s 2021 Stock Option and Incentive Plan and will vest in three equal annual installments following the grant date, contingent on his continued service. These are compensation-related grants, not open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Haycraft Benjamin
Role
CSO & GM EMEA
| 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)
- 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.
Key Figures
Option grant size 1: 362,694 options
Exercise price 1: $2.83 per share
Option grant size 2: 357,143 options
+4 more
7 metrics
Option grant size 1
362,694 options
Stock Option (Right to Buy) at $2.83 exercise price
Exercise price 1
$2.83 per share
Conversion or exercise price for 362,694 options
Option grant size 2
357,143 options
Stock Option (Right to Buy) at $2.57 exercise price
Exercise price 2
$2.57 per share
Conversion or exercise price for 357,143 options
Option expiration
<date>June 25, 2036</date>
Expiration date for both reported stock option awards
Shares underlying options 1
362,694 shares
Underlying common stock for first option grant
Shares underlying options 2
357,143 shares
Underlying common stock for second option grant
Key Terms
Stock Option (Right to Buy), 2021 Stock Option and Incentive Plan, vest in three equal annual installments, Common Stock
4 terms
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."
vest in three equal annual installments financial
"shall vest in three equal annual installments following the grant date"
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did PLUG executive Benjamin Haycraft report on this Form 4?
Benjamin Haycraft reported receiving two stock option grants as compensation. He was awarded options on 362,694 shares at $2.83 and 357,143 shares at $2.57, giving him rights to acquire Plug Power common stock at those exercise prices.
Is the PLUG Form 4 for Benjamin Haycraft a stock purchase or a grant?
The Form 4 for Benjamin Haycraft reports option grants, not open-market purchases. The transactions are coded “A” for awards under Plug Power’s 2021 Stock Option and Incentive Plan, reflecting compensation rather than discretionary buying or selling in the market.
What are the key terms of Benjamin Haycraft’s Plug Power stock options?
Haycraft received 362,694 options with a $2.83 exercise price and 357,143 options at $2.57. Both option grants are scheduled to expire on June 25, 2036, giving him long-dated rights to buy Plug Power common shares at those strike prices.
How do Benjamin Haycraft’s Plug Power options vest over time?
The footnotes state the options vest in three equal annual installments after the grant date. Each installment requires Haycraft’s continued service on the applicable vesting date, aligning his long-term incentives with ongoing employment at Plug Power.
Does the PLUG Form 4 show any stock sales or open-market trades by Benjamin Haycraft?
No, the Form 4 only shows compensation-related option awards coded as “Grant, award, or other acquisition.” There are no open-market stock purchases or sales, and no tax-withholding or restructuring transactions reported in this filing.