Marsh Andrew 4

What Happened
Andrew Marsh, a director of Plug Power Inc. (PLUG), was granted an award reported as 72,469 derivative shares on 2026-06-30. The filing shows an acquisition at $0.00 (i.e., an equity award/option rather than a cash purchase). There was no immediate cash value realized by Marsh in this transaction.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (appears timely).
• Transaction type/code: Award/Grant (derivative instrument); 72,469 shares reported as acquired at $0.00.
• Shares owned after transaction: Not specified in the Form 4.
• Footnotes: Awarded under Plug Power’s 2021 Stock Option and Incentive Plan. The option was issued pursuant to a previously disclosed Transitional Consulting Agreement; the shares underlying the option vest in three equal annual installments beginning on the first anniversary of the grant, subject to continued service.
• No indication of a 10b5-1 plan, cashless exercise, gift, or tax-withholding sale in this filing.

Context
This was an equity compensation grant (a derivative/option award), not an open-market purchase or sale. Such awards typically vest over time and require later exercise to become tradable shares, so they do not represent an immediate change in Marsh’s liquid holdings or a direct cash transaction.