Kenausis Gregory 4

What Happened

• Gregory Kenausis, a director of Plug Power Inc. (PLUG), received two awards on June 11, 2026: a restricted stock award for 39,753 shares (acquired at $0.00) and a derivative grant (stock option) for 39,753 shares (reported at $0.00). The restricted shares are delivered now but vest in full on the first anniversary; the options are a grant that also vest in full on the first anniversary, both subject to his continued service. These are compensation awards for a director rather than open-market purchases or sales.

Key Details

• Transaction date: June 11, 2026. Form 4 filed: June 16, 2026.
• Grants: 39,753 restricted shares (A) and 39,753 derivative option shares (A), each reported at $0.00.
• Total potential shares from the grants: 79,506 (39,753 restricted shares + 39,753 option shares).
• Vesting: Restricted shares vest in full on the first anniversary (Footnote F1). Options vest in full on the first anniversary (Footnotes F2, F3). All vesting is subject to continued service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed five days after the June 11 transaction (filed June 16). Form 4s are normally due within two business days, so this filing appears late and may be noted in disclosure records.

Context

• These awards are standard director compensation and do not represent a market purchase or sale. The option grant is a derivative award (not an exercise); no exercise or sale occurred. Restricted stock typically becomes freely owned only after vesting, so the director does not immediately have full control to sell vested shares until the vest date.