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Roger Saillant was the CEO of Plug Power Inc. from 2000 to 2008. He took over the company during a challenging time and guided it through significant changes in the renewable energy sector. With a career backdrop of over 30...

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Roger Saillant

Ex-CEO of Plug Power

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

April 7, 1943 - 82 years ago

CEO of Plug Power for

8 years 3 months (Jan 2000 - Apr 2008)

Previous Experience

President and CEO of Plug Power Inc. since 2000

Holdings

See how much did Roger Saillant make over time.

During his time at Plug Power, Roger held significant stock options, peaking to about 1 million shares by 2006, which illustrated his deep trust in the company's future. His options were valued at a market price of around $5.95-$11.19 each...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Roger Saillant make over time.

Roger Saillant's compensation reflected a philosophy centered around performance and long-term commitment rather than immediate rewards. In his last year as CEO, he earned about $1.5 million, primarily from retirement benefits, as he did not receive bonuses or stock options during his later years due to performance metrics not being met. His fixed salary of $325,000 was stable throughout much of his tenure, but he notably declined several performance bonuses to conserve resources for the company when targets weren’t met. This demonstrated his willingness to prioritize the firm’s health over personal financial gain, aligning himself with the company’s broader goals. His decision to not partake in immediate bonuses offered a message of resilience, focusing instead on the future potential of renewable energy.

Year

2008

Total Compensation

$1.59M

Salary

$88.75K

Board Justification

The compensation philosophy emphasizes a competitive total compensation package aligned with performance and retention strategies.

Bonus

$0.00

Board Justification

No bonus was awarded in 2008 as per the compensation structure.

Other

$1.50M

Board Justification

This includes the Company’s share of contributions to the 401(k) plan, life insurance premiums, and a retirement payment of $1,494,966.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2008 as he retired in April 2008.

Performance Metrics

Performance metrics are based on predetermined goals related to financial measures and strategic objectives.

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