Seeking Alpha

Plug Power CEO purchases 32K shares

  • Plug Power (PLUG +3.6%) CEO Andrew Marsh purchased 32K shares at $0.38/share according to a filing on Aug. 20.
  • Marsh now holds 244K shares. He purchased 173K shares in June at $0.21/share.
  • The CEO receives shares as part of his compensation in lieu of cash.  In Jan., his salary was cut by 33% to $300K after Plug Power faced a "tough year" in 2012 (read: mounting losses and job cuts).
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