other material
confidence high
sentiment neutral
materiality 0.55
Plug Power CFO Paul B. Middleton signs new employment agreement; receives retention grant
PLUG POWER INC
- CFO Paul B. Middleton new employment agreement; base salary $600,000, term through Nov 19, 2026.
- Retention award: 1,302,084 restricted shares vesting in three equal annual installments.
- Annual equity grant of at least $1,500,000 fair value in restricted stock starting 2025; 2024 bonus guaranteed at $600,000.
- Severance includes 1x base salary and accelerated vesting on termination without cause or for good reason.
- Upon qualifying termination within 12 months of change in control, severance includes 2x average salary and bonus.