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Plug Power (NASDAQ: PLUG) grants director 39,753 restricted shares and options

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider MCNAMEE GEORGE C
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 --
holding Common Stock -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 39,753 shares (Direct, null); Common Stock — 873,282 shares (Direct, null); Common Stock — 300,000 shares (Indirect, See Footnote)
Footnotes (1)
  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. 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. 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.
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
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"
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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*
MCNAMEE GEORGE C
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		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
Common Stock06/11/2026A39,753(1)A$0.00873,282D
Common Stock300,000ISee Footnote(2)
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)(3)$2.8306/11/2026A39,753 (4)06/11/2036Common Stock39,753$039,753D
Explanation of Responses:
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.
2. 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.
3. 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.
4. 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.
/s/ Gerard L. Conway Jr., Attorney-in-Fact06/16/2026
** 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) 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.

How many Plug Power shares does George McNamee own after these grants?

After the grants, George McNamee holds 873,282 Plug Power common shares directly, plus 300,000 shares held indirectly through The McNamee Family Irrevocable Trust of 2020, for which he serves as trustee and disclaims beneficial ownership except for his pecuniary interest.

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.