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Plug Power Inc. (PLUG) – Form 4 filing dated 07/24/25
Director George C. McNamee reported routine board compensation awards effected on 07/03/25:
- 76,531 restricted shares granted at $0 cost; they vest in full on the earlier of the first anniversary of grant or the next annual meeting (>50 weeks after the prior meeting).
- 76,531 stock options with a $1.47 exercise price, same vesting schedule, expiring 07/03/35.
Following these grants, McNamee’s direct holdings rise to 809,523 common shares. He also reports indirect ownership of 300,000 shares held by the McNamee Family Irrevocable Trust, disclaimed except for pecuniary interest.
No open-market purchases or sales occurred; transactions are non-cash equity incentives under the 2021 Stock Option & Incentive Plan for non-employee directors. The filing signals continued insider alignment but does not provide information on company operations, earnings or guidance.