WILLIS GARY K 4

What Happened Gary K. Willis, a non-employee director of Plug Power Inc. (PLUG), was granted two awards on 2026-06-11: a restricted stock award for 39,753 shares and a related stock-option-style derivative covering 39,753 shares. Both grants are recorded at $0.00 in the filing (company compensation awards) and, per the filing footnotes, vest in full on the first anniversary of the grant date subject to Willis’s continued service. These were compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-06-11; Form 4 filed 2026-06-16 (appears to be one business day late relative to the typical two-business-day Form 4 deadline).
• Restricted stock award: 39,753 shares, $0.00 reported, vests in full on the first anniversary (Footnote F1).
• Derivative/option grant: 39,753 shares (recorded as derivative acquisition), $0.00 reported; option granted under the company’s 2021 Stock Option and Incentive Plan and Non-Employee Director Compensation Plan; options vest in full on the first anniversary (Footnotes F2, F3).
• Shares owned after the transaction: not specified in the provided filing.
• These awards were granted under Plug Power’s 2021 Stock Option and Incentive Plan and the Non-Employee Director Compensation Plan (per footnotes).

Context This filing documents director compensation (restricted stock + option grant) rather than a market buy or sale. For retail investors, such grants are common for non-employee directors and reflect compensation, not necessarily a direct signal about near-term insider conviction. The derivative entry reflects a grant of options (not an option exercise or sale); no immediate proceeds or open-market activity is reported.