Crespo Jose Luis 4

What Happened Jose Luis Crespo, President & Chief Revenue Officer of Plug Power Inc. (PLUG), was granted two derivative awards on 2026-06-25 covering 765,306 and 777,202 shares (1,542,508 shares total). The Form 4 reports these as acquisitions at $0.00 (derivative awards) under the company’s 2021 Stock Option and Incentive Plan. These are grants (not open-market purchases or sales) and will vest over time rather than immediately increasing tradable share count.

Key Details

• Transaction date: 2026-06-25; Form 4 filed: 2026-06-29 (timely filing).
• Awards: 765,306 shares and 777,202 shares; total = 1,542,508 shares; reported acquisition price = $0.00.
• Plan / Footnotes: Awarded pursuant to Plug Power’s 2021 Stock Option and Incentive Plan (F1). Footnote F2 states the shares underlying the stock option vest in three equal annual installments following the grant date, subject to continued service.
• Shares owned after transaction: Not specified in the provided filing.
• Role note: Filing remarks identify Crespo as President & Chief Revenue Officer.

Context These grants are compensation awards (stock options/derivative awards) subject to multi-year vesting; they do not represent an immediate cash transaction or open-market purchase. Such grants are common for executives and are intended to retain management and align incentives; they are informative about compensation but are not a direct buy/sell signal.