Plug Power CEO Andrew Marsh's 2021 pay jumps 283% to $52M
Plug Power reports 2021 executive compensation
By ExecPay News
Published: May 2, 2022
Plug Power reported fiscal year 2021 executive compensation information on May 2, 2022.
In 2021, five Plug Power executives received on average a compensation package of $29M, a 301% increase compared to previous year.
Average pay of disclosed executives at Plug Power
Andrew J. Marsh, Chief Executive Officer, received $52M in total, which increased by 283% compared to 2020. 97% of Marsh's compensation, or $51M, was in option awards. Marsh also received $683K in non-equity incentive plan, $750K in salary, as well as $16K in other compensation.
Paul B. Middleton, Chief Financial Officer, received a compensation package of $26M, which increased by 390% compared to previous year. 97% of the compensation package, or $25M, was in option awards.
Sanjay K. Shrestha, General Manager, Energy Solutions, Chief Strategy Officer, and Executive Vice President, earned $26M in 2021, a 352% increase compared to previous year.
Gerard L. Conway, Jr, General Counsel, received $24M in 2021, which increases by 422% compared to 2020.
Dirk Ole Hoefelmann, General Manager, Electrolyzers and Executive Vice President, earned $19M in 2021.
Related executives
Andrew Marsh
Plug Power
Chief Executive Officer
Paul Middleton
Plug Power
Chief Financial Officer
Sanjay Shrestha
Plug Power
General Manager, Energy Solutions, Chief Strategy Officer, and Executive Vice President
Dirk Hoefelmann
Plug Power
General Manager, Electrolyzers and Executive Vice President
Gerard Conway
Plug Power
General Counsel
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Source: SEC filing on May 2, 2022.