Plug Power CEO Andrew Marsh's 2019 pay jumps 38% to $3.7M
Plug Power reports 2019 executive compensation
By ExecPay News
Published: May 2, 2022
Plug Power reported fiscal year 2019 executive compensation information on May 2, 2022.
In 2019, six Plug Power executives received on average a compensation package of $1.9M, a 21% increase compared to previous year.
Average pay of disclosed executives at Plug Power
Andrew J. Marsh, Chief Executive Officer, received $3.7M in total, which increased by 38% compared to 2018. 39% of Marsh's compensation, or $1.4M, was in stock awards. Marsh also received $631K in non-equity incentive plan, $1M in option awards, $600K in salary, as well as $15K in other compensation.
For fiscal year 2019, the median employee pay was $78,621 at Plug Power. Therefore, the ratio of Andrew J. Marsh's pay to the median employee pay was 47 to one.
Keith Schmid, Chief Operating Officer, received a compensation package of $1.8M, which increased by 19% compared to previous year. 32% of the compensation package, or $558K, was in stock awards.
Paul B. Middleton, Chief Financial Officer, earned $1.7M in 2019, a 35% increase compared to previous year.
Jose Luis Crespo, Vice President, Global Sales, received $1.5M in 2019, which increases by 29% compared to 2018.
Gerard L. Conway, Jr, General Counsel, earned $1.4M in 2019, a 20% increase compared to previous year.
Sanjay K. Shrestha, General Manager, Energy Solutions, Chief Strategy Officer, and Executive Vice President, received $1.2M in 2019.
Related executives
Sanjay Shrestha
Plug Power
General Manager, Energy Solutions, Chief Strategy Officer, and Executive Vice President
Andrew Marsh
Plug Power
Chief Executive Officer
Paul Middleton
Plug Power
Chief Financial Officer
Jose Crespo
Plug Power
Vice President, Global Sales
Keith Schmid
Plug Power
Chief Operating Officer
Gerard Conway
Plug Power
General Counsel
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Source: SEC filing on May 2, 2022.