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

1. Plug Power adopts a compensation program aligning executives' pay with stock. 2. Executives can choose compensation in stock up to 75%, enhancing equity interest. 3. The initiative aims to bolster shareholder value and sustainable growth. 4. Plug is expanding with a gigafactory and multiple green hydrogen plants. 5. The company leads in hydrogen solutions, deploying over 69,000 fuel cell systems.

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Why Bullish?

The new compensation structure for executives aligns their interests with shareholders, signaling positive long-term growth expectations. Similar previous initiatives have often led to stock appreciation as executive commitment enhances investor confidence.

How important is it?

The adoption of stock-based compensation acts as a critical indicator of management's confidence in future performance, potentially boosting investor sentiment and share prices long-term.

Why Long Term?

The alignment of compensation with stock price fosters sustainable growth, impacting long-term shareholder value significantly. Historical examples show that such moves often correlate with strengthening company performance over time.

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FCELBLDPNEL
February 28, 2025 07:00 ET  | Source: Plug Power, Inc. 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. “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 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. About PlugPlug 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 StatementThis 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 CONTACTFatimah Nouilati - AllisonplugPR@allisonpr.com Source: PLUG

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