Joggerst Patrick 4
4 · PLUG POWER INC · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Plug Power (PLUG) Director Patrick Joggerst Receives Restricted Stock & Option Award
What Happened Patrick Joggerst, a director of Plug Power Inc. (PLUG), received two awards on 2026-06-11: a restricted stock award for 39,753 shares and a stock-option-type derivative covering 39,753 shares. Both entries are reported as acquisitions at $0 per share. The combined awards represent 79,506 shares granted under the company’s 2021 Stock Option and Incentive Plan and the Non-Employee Director Compensation Plan.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-16 (filed 5 days after the transaction).
- Awards: 39,753 restricted shares (acquisition price $0) + 39,753-share derivative/option (acquisition price $0) = 79,506 total shares granted.
- Vesting: Restricted shares vest in full one year after grant, subject to continued service (Footnote F1). The option/derivative also vests in full one year after the grant (Footnotes F2–F3).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Reported five days after the transaction date; Form 4s are typically required within two business days, so this filing appears delayed.
Context These are compensatory grants to a non-employee director (restricted stock and an option-like award), not open-market purchases or sales. They carry $0 acquisition price because they are awards; vesting is contingent on continued service for one year. Such grants are routine for director compensation and do not by themselves indicate immediate buying or selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-11+39,753→ 245,540 total - Award
Stock Option (Right to Buy)
[F2][F3]2026-06-11+39,753→ 39,753 totalExercise: $2.83Exp: 2036-06-11→ Common Stock (39,753 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.