Plug Power Adopts Executive Compensation Program to Strengthen Leadership Alignment with Shareholders

Core Viewpoint - Plug Power Inc. has introduced an executive compensation program allowing eligible executives to receive up to 75% of their compensation in the form of Plug stock, emphasizing the alignment of leadership interests with long-term shareholder value [1][2]. Group 1: Executive Compensation Program - The new program enables eligible executives to choose to receive 25%, 50%, or 75% of their compensation in Plug stock, applicable to base salary and some cash bonuses [2]. - The initiative is set to take effect at the next open trading window and will remain in place until the end of the fiscal year [2]. Group 2: Company Strategy and Vision - CEO Andy Marsh stated that the program reflects the leadership's confidence in the company's future and commitment to sustainable growth [2]. - Executives opting into the program will increase their equity stake, aligning them further with investors and stakeholders who support the long-term vision of the company [2]. Group 3: Company Overview - Plug Power is focused on building a comprehensive green hydrogen ecosystem, including production, storage, delivery, and energy generation, to assist customers in achieving their business goals and decarbonizing the economy [4]. - The company has deployed over 69,000 fuel cell systems and more than 250 fueling stations globally, making it the largest buyer of liquid hydrogen [4]. - Plug Power is developing a green hydrogen highway across North America and Europe, with plans for multiple green hydrogen production plants to be operational by the end of 2028 [5].