secwatch.observer — SEC 8-K summary
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Issuer:     PLUG POWER INC (PLUG)
CIK:        0001093691
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001104659-24-122634
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Plug Power CFO Paul B. Middleton signs new employment agreement; receives retention grant
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924122634/0001104659-24-122634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093691/000110465924122634/tm2429529d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-122634

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer