Plug Power director granted 39,753 shares, options
PLUG POWER INC director George C. McNamee reported routine equity compensation grants.
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Form Type
4
Rhea-AI Filing Summary
PLUG POWER INC director George C. McNamee reported routine equity compensation grants. He received a restricted stock award of 39,753 common shares and a matching stock option for 39,753 shares at an exercise price of $2.83 per share under the company’s 2021 Stock Option and Incentive Plan.
The restricted shares and options each vest in full on the first anniversary of the June 11, 2026 grant date, subject to his continued service. Following these awards, he holds 873,282 common shares directly and 39,753 options, plus 300,000 shares held indirectly through The McNamee Family Irrevocable Trust of 2020.
Insider Trade Summary
Grant/Award: 79,506 shares
Grant/Award
3 txns
Insider
MCNAMEE GEORGE C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 39,753 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 39,753 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 39,753 contracts (Direct);
Common Stock — 873,282 shares (Direct);
Common Stock — 300,000 shares (Indirect, See Footnote)
Footnotes (4)
- F1. 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.
- F2. Shares held by The McNamee Family Irrevocable Trust of 2020, for which the Reporting Person serves as trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F3. 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.
- F4. 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 award: 39,753 shares
Stock options granted: 39,753 options
Option exercise price: $2.83/share
+4 more
7 metrics
Restricted stock award
39,753 shares
Granted June 11, 2026 under 2021 Stock Option and Incentive Plan
Stock options granted
39,753 options
Exercise price $2.83 per share, granted June 11, 2026
Option exercise price
$2.83/share
Stock Option (Right to Buy) underlying common stock
Option expiration
June 11, 2036
Expiration date of granted stock options
Direct common shares after grant
873,282 shares
Total common stock directly held following transactions
Indirect trust holdings
300,000 shares
Held by The McNamee Family Irrevocable Trust of 2020
Options held after grant
39,753 options
Total stock options directly held following transactions
Key Terms
restricted stock award, Stock Option (Right to Buy), Non-Employee Director Compensation Plan, Irrevocable Trust, +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.
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy) with an exercise price of $2.83"
Non-Employee Director Compensation Plan financial
"made pursuant to the ... Plan, as amended, in accordance with the Non-Employee Director Compensation Plan"
Irrevocable Trust financial
"Shares held by The McNamee Family Irrevocable Trust of 2020, for which the Reporting Person serves as trustee"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Plug Power (PLUG) director George McNamee report in this Form 4?
George McNamee reported receiving 39,753 Plug Power restricted shares and a stock option for 39,753 shares as director compensation. Both awards were granted under the 2021 Stock Option and Incentive Plan in accordance with the Non-Employee Director Compensation Plan.
What are the terms of George McNamee’s new Plug Power stock options?
McNamee received a Plug Power stock option covering 39,753 shares of common stock at an exercise price of $2.83 per share. The options vest in full on the first anniversary of the June 11, 2026 grant date, subject to his continued board service.
When do George McNamee’s new Plug Power equity awards vest?
Both the 39,753-share restricted stock award and the related 39,753-share stock option are scheduled to vest in full on the first anniversary of the June 11, 2026 grant date, provided George McNamee continues to serve as a non-employee director through that vesting date.
How long until George McNamee’s Plug Power stock options expire?
The Plug Power stock options granted to George McNamee on June 11, 2026 expire on June 11, 2036. This ten-year term is typical for equity incentives, giving him a long window to exercise once the options vest after one year of continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
