MCNAMEE GEORGE C 4

What Happened George C. McNamee, a director of Plug Power Inc. (PLUG), was granted two awards on 2026-06-11: 39,753 restricted shares and a derivative award of 39,753 shares (a stock option). Both awards were granted at $0.00 (compensation awards), so there was no cash paid and no exercise or sale occurred. Combined, the awards cover 79,506 share-equivalents; each award is subject to vesting conditions.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-16 (appears filed after the typical 2-business-day window).
• Awards: 39,753 restricted stock award (F1) and 39,753-share option/derivative award (F3); price reported $0.00 for both.
• Vesting: Both restricted shares and the option are scheduled to vest in full on the first anniversary of the grant date, subject to continued service (F1, F4).
• Ownership note: Shares held by The McNamee Family Irrevocable Trust of 2020 are referenced (F2); the reporting person disclaims beneficial ownership of those trust shares except for any pecuniary interest.
• Filing timeliness: Filing date (6/16) is later than the transaction date (6/11) and appears to be late relative to the standard two business-day Form 4 deadline.

Context These were compensation awards to a non-employee director (part of the company’s Non-Employee Director Compensation Plan) rather than open-market purchases or sales. The derivative entry reflects an option grant, not an exercise or sale — no shares were sold or exercised in this filing. Compensation grants like this are common for directors and do not by themselves signal a buy or sell decision by the insider.