Bloom Energy cancels 1,150,000 CEO PSUs, grants new 2,600,000 equity awards

Bloom Energy Corp

Board cancelled 1,150,000 PSUs granted to CEO Dr. Sridhar on May 12, 2021, including 1,000,000 stock price hurdle and 150,000 revenue/gross margin PSUs.
New 2025 Equity Package approved: 1,500,000 PSUs with three-year cliff vesting and 500,000 RSUs vesting over three years.
One-time grant of 600,000 PSUs: 300,000 vested immediately and 300,000 vest upon achieving strategic criteria by end of 2027.
Changes aim to better align CEO incentives with company's AI data center, industrial and utility product sales strategy.
Compensation Committee and Board acted based on recommendation from Meridian Compensation Partners.

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