Plug Power Management

Management criteria checks 2/4

Plug Power's CEO is Andy Marsh, appointed in Apr 2008, has a tenure of 16.08 years. total yearly compensation is $7.25M, comprised of 10.3% salary and 89.7% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth €1.88M. The average tenure of the management team and the board of directors is 5.2 years and 10.6 years respectively.

Key information

Andy Marsh

Chief executive officer

US$7.3m

Total compensation

CEO salary percentage	10.3%
CEO tenure	16.1yrs
CEO ownership	0.1%
Management average tenure	5.2yrs
Board average tenure	10.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Marsh's remuneration changed compared to Plug Power's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$7m	US$750k	-US$1b
Sep 30 2023	n/a	n/a	-US$950m
Jun 30 2023	n/a	n/a	-US$837m
Mar 31 2023	n/a	n/a	-US$774m
Dec 31 2022	US$767k	US$750k	-US$724m
Sep 30 2022	n/a	n/a	-US$693m
Jun 30 2022	n/a	n/a	-US$629m
Mar 31 2022	n/a	n/a	-US$556m
Dec 31 2021	US$52m	US$750k	-US$460m
Sep 30 2021	n/a	n/a	-US$751m
Jun 30 2021	n/a	n/a	-US$710m
Mar 31 2021	n/a	n/a	-US$619m
Dec 31 2020	US$14m	US$676k	-US$596m
Sep 30 2020	n/a	n/a	-US$130m
Jun 30 2020	n/a	n/a	-US$83m
Mar 31 2020	n/a	n/a	-US$92m
Dec 31 2019	US$4m	US$600k	-US$86m
Sep 30 2019	n/a	n/a	-US$84m
Jun 30 2019	n/a	n/a	-US$82m
Mar 31 2019	n/a	n/a	-US$89m
Dec 31 2018	US$3m	US$600k	-US$86m
Sep 30 2018	n/a	n/a	-US$81m
Jun 30 2018	n/a	n/a	-US$106m
Mar 31 2018	n/a	n/a	-US$123m
Dec 31 2017	US$3m	US$600k	-US$130m

Compensation vs Market: Andy's total compensation ($USD7.25M) is above average for companies of similar size in the German market ($USD1.61M).

Compensation vs Earnings: Andy's compensation has increased whilst the company is unprofitable.

CEO

Andy Marsh (67 yo)

16.1yrs

Tenure

US$7,252,805

Compensation

Mr. Andrew J. Marsh, also known as Andy, has been the Chief Executive Officer and President of Plug Power Inc. since April 8, 2008. Mr. Marsh Co-Founded Valere Power Inc. in 2001 and served as its Presiden...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Marsh	President	16.1yrs	US$7.25m	0.13% $ 1.9m
Paul Middleton	Executive VP & CFO	9.4yrs	US$3.66m	0.036% $ 526.2k
Gerard Conway	Executive VP	19.7yrs	US$3.81m	0.040% $ 583.8k
Jose Crespo	Executive VP & GM of Material Handling	less than a year	US$3.66m	0.042% $ 622.6k
Sanjay K. Shrestha	Executive VP	5.1yrs	US$3.66m	0.025% $ 360.6k
Martin Hull	Chief Accounting Officer & Corporate Controller	9.1yrs	no data	0.025% $ 363.0k
Tim Cortes	Chief Technology Officer	3.2yrs	no data	no data
Preeti Pande	Chief Marketing Officer	3.3yrs	no data	no data
Tammy Kimble	Vice President of Human Resources	4.3yrs	no data	no data
Keith Schmid	Executive Vice President of Special Projects	11.3yrs	US$416.56k	0.076% $ 1.1m
Chris Suriano	Executive Vice President of Service	5.3yrs	no data	no data
David Mindnich	Executive Vice President of Global Manufacturing	2.8yrs	no data	0.027% $ 402.3k

5.2yrs

Average Tenure

55.5yo

Average Age

Experienced Management: PLUN's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Marsh	President	16.1yrs	US$7.25m	0.13% $ 1.9m
George McNamee	Independent Chairman	26.9yrs	US$517.08k	0.14% $ 2.0m
Gary Willis	Independent Director	21.2yrs	US$317.08k	0.067% $ 978.8k
Mark Bonney	Director	less than a year	US$197.41k	0.0016% $ 23.5k
Patrick Joggerst	Director	less than a year	US$190.25k	0.0014% $ 19.8k
Maureen Helmer	Independent Director	20.3yrs	US$377.08k	0.023% $ 334.9k
Gregory Kenausis	Independent Director	10.6yrs	US$299.14k	0.040% $ 590.5k
Kavita Mahtani	Independent Director	2.1yrs	US$277.08k	0.0048% $ 70.7k
Kyungyeol Song	Independent Director	3.3yrs	no data	no data

10.6yrs

Average Tenure

67yo

Average Age

Experienced Board: PLUN's board of directors are seasoned and experienced ( 10.6 years average tenure).

Plug Power Management

Management criteria checks 2/4

Key information

Recent management updates

Plug Power Inc., Annual General Meeting, Jun 05, 2024

Plug Power Inc. Announces Changes to Board of Directors

Plug Power Inc. Announces Changes to Board of Directors

Kimberly A. Harriman, A Class III Director of the Board of Directors, and A Member of Audit Committee of the Board Resigns from Plug Power Inc

Plug Power Inc., Annual General Meeting, Jun 30, 2022

Plug Power Inc. Announces Board Appointments

Recent updates

Plug Power Inc. to Report Q1, 2024 Results on May 09, 2024

Plug Power Inc., Annual General Meeting, Jun 05, 2024

Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Plug Power, Inc. and Certain of Its Officers

Full year 2023 earnings released: US$2.30 loss per share (vs US$1.25 loss in FY 2022)

No longer forecast to breakeven

Plug Power Inc. to Report Q4, 2023 Results on Mar 01, 2024

Plug Power Inc. Starts Production of Liquid Hydrogen at its Existing Tennessee Plant

Plug Power Inc. has filed a Follow-on Equity Offering in the amount of $1 billion.

Forecast to breakeven in 2026

Plug Power Inc. to Report Q3, 2023 Results on Nov 09, 2023

Plug Power Inc. Provides Revenue Guidance for 2023

Plug Power Inc.(NasdaqCM:PLUG) dropped from FTSE All-World Index (USD)

Plug Power Inc. Announces Settlement with SEC

Plug Power Inc. Announces Settlement with SEC

No longer forecast to breakeven

New minor risk - Financial position

Plug Power Inc. Reaffirms Revenue Guidance for the Year 2023

Second quarter 2023 earnings released: US$0.40 loss per share (vs US$0.30 loss in 2Q 2022)

Plug Power Inc. to Report Q2, 2023 Results on Aug 09, 2023

Plug Power Inc. Announces Changes to Board of Directors

Plug Power Inc. Announces Changes to Board of Directors

Forecast to breakeven in 2025

Plug Power Inc. Receives $21.8 Million Dollar Grant from the European Commission

Plug Power Inc.(NasdaqCM:PLUG) dropped from Russell 1000 Growth Index

Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Plug Power Inc

First quarter 2023 earnings released: US$0.35 loss per share (vs US$0.27 loss in 1Q 2022)

Plug Power Inc. to Report Q1, 2023 Results on May 09, 2023

Forecast to breakeven in 2025

Forecast to breakeven in 2025

Full year 2022 earnings released: US$1.25 loss per share (vs US$0.82 loss in FY 2021)

Forecast to breakeven in 2025

Third quarter 2022 earnings released: US$0.29 loss per share (vs US$0.19 loss in 3Q 2021)

Plug Power Inc. Reaffirms Revenue Guidance for the Year 2023

Plug Power Inc. to Report Q3, 2022 Results on Nov 08, 2022

Plug Power Inc. Revises Revenue Guidance for the Fiscal Year 2022

Plug Power Inc. Announces 1MW Electrolyzer Commissioned at World's First Floating Offshore Green Hydrogen Production Site

Second quarter 2022 earnings released: US$0.30 loss per share (vs US$0.18 loss in 2Q 2021)

Plug Power Inc. Reaffirms Revenue Guidance for Full-Year 2022

Plug Power Inc. to Report Q2, 2022 Results on Aug 09, 2022

Kimberly A. Harriman, A Class III Director of the Board of Directors, and A Member of Audit Committee of the Board Resigns from Plug Power Inc

Plug Power Inc. Reaffirms Earnings Guidance for the Year 2025 and Provides Revenue Guidance for the Year 2022

Plug Power Inc. to Report Q1, 2022 Results on May 09, 2022

Plug Power Inc., Annual General Meeting, Jun 30, 2022

Plug Power Inc. Announces Board Appointments

Plug Power Inc. Reaffirms Revenue Guidance for the Year 2022 and 2025

Plug Power Inc. to Report Q4, 2021 Results on Mar 01, 2022

Plug Power Inc. (NasdaqCM:PLUG) acquired Joule Processing, LLC for $30 million.

Plug Power Inc. (NasdaqCM:PLUG) completed the acquisition of Frames Energy Systems B.V.

Plug Power Inc. (NasdaqCM:PLUG) completed the acquisition of Applied Cryo Technologies, Inc.

Plug Power Inc.(NasdaqCM:PLUG) dropped from Russell 2000 Index

Plug Power Inc. Provides Revenue Guidance for the First Quarter Ended March 31, 2021 and Second Quarter of 2021

Plug Power Inc. announced delayed 10-Q filing

Kessler Topaz Meltzer & Check, LLP Reminds Deadline for the Investors for Securities Fraud Class Action Lawsuit Against Plug Power Inc

Plug Power Receives Notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC

Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Plug Power, Inc

Plug Power Inc. Provides Earnings Guidance For the Year 2021, 2022 and 2024

The Law Offices of Frank R. Cruz Announces the Filing of A Securities Class Action on Behalf of Plug Power Inc

Plug Power Inc. announced delayed annual 10-K filing

Plug Power Inc. announced that it has received $1.60992117 billion in funding from Grove Energy Capital LLC

Plug Power Inc Appoints Kimberly A. Harriman as A Director and as A Member of the Audit Committee of the Board

Plug Power Inc. to Report Q4, 2020 Results on Feb 25, 2021

ACCIONA and Plug Power Sign Memorandum of Understanding to Launch a Joint-Venture Headquartered in Madrid

Plug Power Inc. Appoints Preeti Pande as New Chief Marketing Officer

Plug Power Inc. has completed a Follow-on Equity Offering in the amount of $1.82 billion.

Groupe Renault & Plug Power Join Forces to Become Leader in Hydrogen LCV

Plug Power Inc. and South Korean SK Group to Form A Strategic Partnership to Accelerate Hydrogen Economy Expansion in Asian Markets

­­­­Plug Power Develops Vuzix Smart Glasses-Based Remote Training and Onboarding Program to Support its Hydrogen Fuel Cells

Plug Power Inc. Expands Hydrogen and Fuel Cell Solutions into Walmart Ecommerce Applications

Plug Power Inc. has completed a Follow-on Equity Offering in the amount of $845.5 million.

Plug Power Develops Vuzix Smart Glasses-Based Remote Training and Onboarding Program to Support its Hydrogen Fuel Cells