Marsh Andrew 4

What Happened

• Andrew Marsh, a director of PLUG Power Inc. (PLUG), was granted 3,688 shares as director compensation on April 1, 2026. The reported acquisition price was $2.26 per share, for a total value of $8,335. This was an award/compensation transaction (Form 4 code A), not an open-market purchase.

Key Details

• Transaction date: 2026-04-01; Filing date (Form 4): 2026-04-10 (late filing).
• Price and amount: 3,688 shares at $2.26 each, total $8,335.
• Shares owned after transaction: 853,378 total shares (reflects a correction to prior reports).
• Footnotes of note:
  • F1: Shares were awarded under Plug Power’s Non‑Employee Director Compensation Plan.
  • F2: A prior reporting error overstated holdings (previously reported 930,546). That was corrected to reflect net shares after tax withholding (reduced by 80,856 to 849,690); after this grant Marsh holds 853,378 shares. The correction relates only to prior reporting.
  • F3: Marsh holds 121,878 shares in the company 401(k) plan (plan statement dated Apr 9, 2026).
• Transaction type: Award/Grant (code A). This is compensation rather than a market purchase (less indicative of a private bullish signal).

Context

• Director awards are routine compensation and often reflect standard pay practices rather than personal buying/selling decisions. The late filing delays public disclosure; timely Form 4 filings are preferred for transparency.