Plug Power (PLUG) director receives 16,497 share stock award as compensation

Rhea-AI Filing Summary

Plug Power Inc. director Gary K. Willis reported receiving an equity award of Plug Power common stock. On January 2, 2026, he acquired 16,497 shares of common stock at a reported price of $1.97 per share, coded as an acquisition. The footnote states this was compensation awarded to directors under Plug Power Inc.'s Non-Employee Director Compensation Plan, meaning it reflects routine director pay in stock rather than an open-market purchase or sale. Following this grant, Willis directly beneficially owns 690,354 shares of Plug Power common stock.

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

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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^*

WILLIS GARY K

(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)
01/02/2026

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	01/02/2026		A(1)		16,497	A	$1.97	690,354	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

Explanation of Responses:

1. Compensation awarded to directors pursuant to Plug Power Inc.'s Non-Employee Director Compensation Plan.

	/s/ Gerard L. Conway Jr., Attorney-in-Fact	01/06/2026
	** 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).
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FAQ

What insider transaction did PLUG director Gary K. Willis report?

Director Gary K. Willis reported an acquisition of 16,497 shares of Plug Power Inc. common stock on January 2, 2026, as shown in a Form 4 filing.

At what price were the Plug Power (PLUG) shares acquired in this Form 4?

The 16,497 Plug Power common shares reported by Gary K. Willis were acquired at a reported price of $1.97 per share.

Why did Gary K. Willis receive Plug Power shares according to the filing?

The footnote explains that the share award was compensation awarded to directors pursuant to Plug Power Inc.'s Non-Employee Director Compensation Plan, indicating it was part of routine director compensation.

How many Plug Power shares does Gary K. Willis own after this transaction?

After the reported transaction, Gary K. Willis beneficially owns 690,354 shares of Plug Power Inc. common stock in direct ownership.

Was this Plug Power Form 4 transaction a purchase on the open market?

No. The Form 4 labels the transaction with code A for acquisition and the footnote states it was compensation awarded to directors under Plug Power's Non-Employee Director Compensation Plan, rather than an open-market trade.

Does the Plug Power Form 4 indicate indirect ownership or another entity for these shares?

The filing lists the ownership form for the reported 690,354 shares as Direct (D), and there is no footnote indicating that another entity, such as a trust or LLC, holds voting or investment authority.