Andy Marsh is the President and CEO of Plug Power Inc., having joined the company in 2008. With a background in the energy sector, Marsh co-founded Valere Power, where he led its growth from $1.2 million to $90 million in...

Andy Marsh is the President and CEO of Plug Power Inc., having joined the company in 2008. With a background in the energy sector, Marsh co-founded Valere Power, where he led its growth from $1.2 million to $90 million in six years. His experience at Lucent Bell Laboratories spanned nearly 18 years, where he managed a team of over 100 professionals. Under his leadership, Plug Power is focused on green hydrogen and fuel cell solutions, reflecting growing industry trends towards sustainability. His tenure has seen the company through significant changes, including the rise in production capabilities and the introduction of major innovative technologies. In 2023, Marsh's total compensation was $751,805, a mix of salary, stock awards, and other benefits, emphasizing a pay-for-performance philosophy. He holds several degrees, including a Master’s in Electrical Engineering from Duke University, showcasing both technical expertise and leadership credentials.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Plug Power CEOs

P

Andy Marsh

CEO of Plug Power

Education

N/A

Field of Expertise

Energy & Utilities - Energy

Sector of Economy

Industrials

Born

January 1, 1963 - 62 years ago

CEO of Plug Power for

17 years 0 months (Apr 2008 - Present)

Previous Experience

Various positions in management and leadership roles in energy and technology sectors

Rivals

Competitors/colleagues of Andy Marsh

C

Rick Wilmer

CEO of ChargePoint

2023 Compensation

Stock

$0.00

Salary

$625.00K

Bonus

$0.00

Other

$0.00

Total Holdings

$1.61M

W

C. Douglas McMillon

CEO of Walmart

2023 Compensation

Stock

$0.00

Salary

$1.47M

Bonus

$0.00

Other

$199.58K

Total Holdings

$433.19M

A

Andrew R. Jassy

CEO of Amazon

2023 Compensation

Stock

$27.83M

Salary

$365.00K

Bonus

$0.00

Other

$992.76K

Total Holdings

$19.04M

T

Elon Musk

Founder and CEO of Tesla, Inc.

2023 Compensation

Stock

$1.86M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$92.56B

S

Mary Powell

CEO of Sunrun

2022 Compensation

Stock

$720.02K

Salary

$800.00K

Bonus

$1.29M

Other

$10.68K

Total Holdings

$3.72M

Holdings

See how much did Andy Marsh make over time.

As of 2023, Andy Marsh holds significant stock options at Plug Power Inc. His wealth has seen fluctuations; in 2022, he realized $9.9 million from vested stocks, demonstrating a substantial performance-based compensation structure. The peak of his wealth was reflected...

As of 2023, Andy Marsh holds significant stock options at Plug Power Inc. His wealth has seen fluctuations; in 2022, he realized $9.9 million from vested stocks, demonstrating a substantial performance-based compensation structure. The peak of his wealth was reflected in stock values during favorable market conditions. The current mix of his holdings shows a commitment to the company while aligning his interests with those of the shareholders. His stock grants, including over 1.5 million performance-based options in 2023 alone, further emphasize his strategic involvement in Plug Power's future. Marsh's decision to maintain a large portion of his wealth in company stocks signals confidence in the company's growth projections.

Total Stock Sold

$39.23M

PLUG

$39.09M

5,140,388 PLUG shares

GEVO

$133.27K

72,604 GEVO shares

What if they kept their stock?

If Andy Marsh didn't sell their stock, today they would have:
Extra PLUG5,140,388 shares worth $19.64M and GEVO72,604 shares worth $61.43K.
This is -49.79% and $19.53M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Andy Marsh.

GEVO

$23.08K

GEVO at $1.38/share

Aug 23, 2023

Sale

GEVO

$21.52K

GEVO at $1.54/share

Jun 6, 2023

Sale

GEVO

100,807 shares

GEVO

May 23, 2023

Received

GEVO

$85.38K

GEVO at $2.04/share

Nov 21, 2022

Sale

GEVO

27,353 shares

GEVO

Jun 3, 2022

Received

GEVO

65,886 shares

GEVO

Aug 20, 2021

Received

PLUG

$3.51M

PLUG at $12.96/share

Aug 19, 2020

Sale

PLUG

$3.01M

PLUG at $13.90/share

Aug 19, 2020

Sale

Compensation History

See how much did Andy Marsh make over time.

In 2023, Andy Marsh received a total compensation of $751,805, comprised mainly of his salary of $750,000 and stock awards valued at $1.4 million. He did not receive bonuses due to performance goals not being met. His pay structure reflects a strong emphasis on aligning his compensation with company performance, showcasing a philosophy where earnings grow with success. This yearly payment marks a slight decrease since 2022 when he earned $766,555. Despite setbacks in bonus payouts, the value of vested stocks demonstrates the company's ongoing potential and Marsh's dedication. Compensation is designed to motivate Marsh, keeping him focused on long-term growth and shareholder interests.

Year

2023

Total Compensation

$2.18M

Salary

$750.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and stockholder interests.

Bonus

$0.00

Board Justification

No bonuses were earned or paid under the 2023 annual cash bonus program due to performance metrics not being met.

Other

$17.81K

Board Justification

Includes contributions to the 401(k) plan and life insurance premiums.

Restricted Stock

$1.42M(183.33K common stock)

Board Justification

183,333 shares of restricted stock vested during the year, with a value realized of $1,417,164.

Performance Metrics

Revenue, EBITDAS, gross margin, and inventory metrics were used to determine compensation.

Other Plug Power CEOs

Here are other CEOs of Plug Power

Roger Saillant

Ex-CEO of Plug Power

January 2000 - April 2008