Plug Power Adopts Executive Compensation Program to Strengthen Leadership Alignment with 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 75% of their compensation in the form of Plug stock. This initiative underscores the company’s commitment to aligning leadership interests with long-term shareholder value.
Andy Marsh, CEO of Plug, said:
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,
“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 25%, 50%, or 75% of their compensation in Plug stock, with the option applying to base salary and, in some cases, cash bonuses. The program will take effect at the next open trading window and remain in place through the end of the fiscal year.
For more information about Plug Power and its strategic initiatives, visit www.plugpower.com.
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Plug Power Adopts Executive Compensation Program to Strengthen Leadership Alignment with Shareholders, source
