Plug Power Adopts Executive Compensation Program to Strengthen Leadership Alignment with Shareholders
Plug Power (NASDAQ: PLUG) has introduced a new executive compensation program allowing eligible executives to receive up to 75% of their compensation in company stock. The program, effective from the next open trading window through fiscal year-end, offers executives the flexibility to convert 25%, 50%, or 75% of their compensation - including base salary and certain cash bonuses - into PLUG shares.
CEO Andy Marsh emphasized that this initiative demonstrates leadership's confidence in the company's future and strengthens alignment with long-term shareholder interests. The program aims to increase executive equity stakes while fostering closer alignment with investors and stakeholders who support Plug's long-term vision.
Plug Power (NASDAQ: PLUG) ha introdotto un nuovo programma di compensazione per i dirigenti che consente ai dirigenti idonei di ricevere fino al 75% della loro retribuzione in azioni della società. Il programma, che entrerà in vigore dalla prossima finestra di trading aperta fino alla fine dell'anno fiscale, offre ai dirigenti la flessibilità di convertire 25%, 50% o 75% della loro retribuzione - inclusi stipendio base e alcuni bonus in contante - in azioni PLUG.
Il CEO Andy Marsh ha sottolineato che questa iniziativa dimostra la fiducia della leadership nel futuro dell'azienda e rafforza l'allineamento con gli interessi a lungo termine degli azionisti. Il programma mira ad aumentare le partecipazioni azionarie dei dirigenti, promuovendo al contempo un allineamento più stretto con investitori e parti interessate che supportano la visione a lungo termine di Plug.
Plug Power (NASDAQ: PLUG) ha presentado un nuevo programa de compensación ejecutiva que permite a los ejecutivos elegibles recibir hasta el 75% de su compensación en acciones de la empresa. El programa, que entrará en vigor desde la próxima ventana de negociación abierta hasta el final del año fiscal, ofrece a los ejecutivos la flexibilidad de convertir 25%, 50% o 75% de su compensación - incluyendo salario base y ciertos bonos en efectivo - en acciones de PLUG.
El CEO Andy Marsh enfatizó que esta iniciativa demuestra la confianza de la dirección en el futuro de la empresa y fortalece la alineación con los intereses de los accionistas a largo plazo. El programa tiene como objetivo aumentar las participaciones en acciones de los ejecutivos mientras fomenta una alineación más cercana con los inversores y las partes interesadas que apoyan la visión a largo plazo de Plug.
플러그 파워 (NASDAQ: PLUG)는 자격이 있는 임원이 최대 75%의 보상을 회사 주식으로 받을 수 있도록 하는 새로운 임원 보상 프로그램을 도입했습니다. 이 프로그램은 다음 거래 개시 창구부터 회계 연도 말까지 유효하며, 임원들이 25%, 50% 또는 75%의 보상 - 기본 급여 및 특정 현금 보너스를 포함하여 -을 PLUG 주식으로 전환할 수 있는 유연성을 제공합니다.
CEO 앤디 마쉬는 이 이니셔티브가 회사의 미래에 대한 경영진의 신뢰를 보여주고 장기 주주 이익과의 정렬을 강화한다고 강조했습니다. 이 프로그램은 임원의 주식 보유를 증가시키고 플러그의 장기 비전을 지지하는 투자자 및 이해관계자와의 더 긴밀한 정렬을 촉진하는 것을 목표로 합니다.
Plug Power (NASDAQ: PLUG) a lancé un nouveau programme de rémunération des dirigeants permettant aux dirigeants éligibles de recevoir jusqu'à 75% de leur rémunération en actions de l'entreprise. Le programme, qui sera effectif à partir de la prochaine fenêtre de négociation ouverte jusqu'à la fin de l'exercice fiscal, offre aux dirigeants la flexibilité de convertir 25%, 50% ou 75% de leur rémunération - y compris le salaire de base et certains bonus en espèces - en actions PLUG.
Le PDG Andy Marsh a souligné que cette initiative démontre la confiance de la direction dans l'avenir de l'entreprise et renforce l'alignement avec les intérêts des actionnaires à long terme. Le programme vise à augmenter les participations en actions des dirigeants tout en favorisant un alignement plus étroit avec les investisseurs et les parties prenantes qui soutiennent la vision à long terme de Plug.
Plug Power (NASDAQ: PLUG) hat ein neues Vergütungsprogramm für Führungskräfte eingeführt, das berechtigten Führungskräften ermöglicht, bis zu 75% ihrer Vergütung in Unternehmensaktien zu erhalten. Das Programm, das ab dem nächsten offenen Handelszeitraum bis zum Ende des Geschäftsjahres gilt, bietet den Führungskräften die Flexibilität, 25%, 50% oder 75% ihrer Vergütung - einschließlich Grundgehalt und bestimmter Bargeldboni - in PLUG-Aktien umzuwandeln.
CEO Andy Marsh betonte, dass diese Initiative das Vertrauen der Führungsebene in die Zukunft des Unternehmens demonstriert und die Ausrichtung auf die langfristigen Interessen der Aktionäre stärkt. Das Programm zielt darauf ab, die Eigenkapitalanteile der Führungskräfte zu erhöhen und gleichzeitig eine engere Ausrichtung mit Investoren und Interessengruppen zu fördern, die die langfristige Vision von Plug unterstützen.
- Executive interests aligned with shareholders through increased stock ownership
- Management shows confidence in company's future by accepting stock compensation
- Flexible program with multiple participation levels (25%, 50%, 75%)
- Potential increase in share count and dilution for existing shareholders
LATHAM, N.Y., Feb. 28, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen solutions, today announced the adoption of an executive compensation program that enables eligible executives to receive up to
“As Plug continues to execute on its strategy, this program reinforces our leadership’s confidence in the company’s future and commitment to driving sustainable growth,” said Andy Marsh, CEO of Plug. “Any of us that choose to opt into this program will have an increased equity stake, and be further aligned with the investors and stakeholders who believe in our long-term vision.”
Under the program, eligible executives may elect to receive
For more information about Plug Power and its strategic initiatives, visit www.plugpower.com.
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.
With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.
For more information, visit www.plugpower.com.
Plug Power Safe Harbor Statement
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“Plug”), including but not limited to statements about Plug’s ability to execute on its current strategy and long-term vision; Plug’s ability to generate value for our stakeholders; and Plug’s ability to continue driving sustainable growth. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Plug in general, see Plug’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of Plug’s Annual Report on Form 10-K for the year ended December 31, 2023, Plug’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and Plug undertakes no obligation to update such statements as a result of new information.
MEDIA CONTACT
Fatimah Nouilati - Allison
plugPR@allisonpr.com
Source: PLUG
FAQ
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