Plug Power's High-Stakes Move: Executives Can Take Up To 75% Of Pay In Company Stock

Hydrogen solutions provider Plug Power Inc. PLUG has rolled out a new compensation program for its executives.

Under this plan, eligible leaders can opt to receive up to 75% of their pay in company stock.

The objective of this initiative is to align the leadership’s goals with the long-term value of shareholders.

The plan gives executives the option to select the proportion of their compensation in stock, choosing from 25%, 50%, or 75%.

This applies to both base salaries and, in certain instances, cash bonuses. The program will be implemented during the upcoming open trading window and will remain in place until the conclusion of the fiscal year.

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“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 CEO Andy Marsh.

“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.”

In January, Seaport Global analyst Tom Curran downgraded the rating from Neutral to Sell, flagging low post-FID activity and overall pipeline skewed excessively towards supply.

Plug Power will report fourth-quarter results on Monday, March 3, 2025.

Price Action: PLUG shares are trading lower by 2.45% at $1.59 in premarket at last check Friday.

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