4//SEC Filing
Crespo Jose Luis 4
Accession 0001104659-23-066658
CIK 0001093691other
Filed
May 30, 8:00 PM ET
Accepted
May 31, 4:48 PM ET
Size
7.1 KB
Accession
0001104659-23-066658
Insider Transaction Report
Form 4
PLUG POWER INCPLUG
Crespo Jose Luis
Chief Revenue Officer
Transactions
- Award
Performance Stock Option (Right to Buy)
2023-05-18+750,000→ 750,000 totalExercise: $7.87Exp: 2030-05-18→ Common Stock (750,000 underlying)
Footnotes (4)
- [F1]Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended.
- [F2]Up to one-third (1/3) of the shares underlying the performance stock options will vest and become exercisable on each of the first three anniversaries of the grant date, provided that the daily volume weighted average price ("VWAP") of the Company's common stock during any 30 consecutive trading day period in the three year performance period following the grant date of the stock options equals or exceeds certain levels.
- [F3]One-third (1/3) of the shares underlying the performance stock options will be deemed to have satisfied the performance-based vesting and will be eligible to vest over time if the VWAP during any 30 consecutive trading day period equals $9.84; an additional one-third (1/3) of the shares underlying the options will be deemed to have satisfied the performance-based vesting and will be eligible to vest over time if the VWAP during any 30 consecutive trading day period equals $11.81; and the remaining one-third (1/3) of the shares underlying the options will be deemed to have satisfied the performance-based vesting and will be eligible to vest over time if the VWAP during any 30 consecutive trading day period equals or exceeds $13.77.
- [F4]There will be no interpolation for the performance stock option if the VWAP falls between any two stock price hurdles. Failure to achieve any of the stock price hurdles applicable to a performance stock option during the three-year performance period will result in applicable options being un-exercisable. The performance-based stock options have a maximum term of seven years from the grant date.
Documents
Issuer
PLUG POWER INC
CIK 0001093691
Entity typeother
Related Parties
1- filerCIK 0001893770
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 4:48 PM ET
- Size
- 7.1 KB