BONNEY MARK J 4

What Happened

• Mark J. Bonney, a director of Plug Power Inc. (PLUG), received two grants on 2026-06-11: a restricted stock award for 39,753 shares and a stock-option-type derivative covering 39,753 shares. Both grants were recorded at $0.00 (i.e., awarded, not purchased).
• The restricted shares and the options vest in full on the first anniversary of the grant date, subject to the reporting person’s continued service on that date.

Key Details

• Transaction date: 2026-06-11; Filing date (Form 4): 2026-06-16.
• Grant details: 39,753 restricted shares (award) + 39,753 option shares (derivative); acquisition price $0.00 for both.
• Vesting: Both the restricted stock award and the options vest in full one year after the grant, contingent on continued service (see footnotes F1, F2, F3).
  • F1: Restricted stock award per Plug Power’s 2021 Plan; vests in full on first anniversary.
  • F2/F3: Stock option granted under the 2021 Plan and vests in full on the first anniversary.
• Shares owned after the transaction: Not specified in the supplied summary — see the Form 4 for total holdings.
• Timeliness: The Form 4 was filed five days after the transaction date (filed 6/16 for a 6/11 grant), which appears to fall outside the standard two-business-day reporting window and may be considered late.

Context

• These are compensation grants to a non-employee director (routine corporate governance/compensation practice) rather than purchases or sales; they do not represent an immediate cash investment by the director.
• Because the awards vest a year later and are subject to continued service, they lock in the director’s alignment with the company for that period but are not an immediate signal to buy or sell shares.