Plug Power CEO Andrew Marsh Elects to Receive Half of 2025 Compensation in Stock

Slingerlands, NY – March 20, 2025 – Plug Power Inc. (Nasdaq: PLUG) announced that CEO Andrew Marsh has elected to receive 50% of his 2025 compensation—including base salary and potential bonus—in shares of Plug Power common stock under the company’s newly adopted executive equity compensation program.

The program allows executives to irrevocably elect to receive 25%, 50%, or 75% of their 2025 pay in stock. Shares will be issued monthly (for salary) and after bonus payments (no later than March 15, 2026), based on the 30-day trailing average closing price on the Nasdaq.

This move aligns executive compensation with shareholder interests and complies with Rule 10b5-1 and Rule 16b-3 under the Exchange Act. All shares issued under the program will be fully vested upon issuance.