Corporate GovernanceJun 17, 2026, 05:21 PM
Bloom Energy Grants CEO Sridhar Performance-Based RSUs
AI Summary
Bloom Energy's Board of Directors approved a grant of 271,076 performance-based restricted stock units (PSUs) to CEO Dr. K.R. Sridhar. This 2026 Award is designed to retain Dr. Sridhar and align his long-term incentives with the company's strategic priorities during a period of significant growth, with the company's market capitalization growing from approximately $5 billion to $79 billion. Vesting is tied to objective total revenue targets between July 2026 and December 2029, with potential adjustments based on non-GAAP product gross margin in fiscal year 2029, and requires continuous leadership through December 31, 2029.
Key Highlights
- Bloom Energy granted CEO Dr. K.R. Sridhar 271,076 performance-based restricted stock units (PSUs) at target.
- The 2026 Award aims to retain Dr. Sridhar and align his long-term incentives with company growth.
- Vesting is conditioned on achieving objective total revenue targets between July 2026 and December 2029.
- PSU vesting can be adjusted based on the company's non-GAAP product gross margin in fiscal year 2029.
- Dr. Sridhar is eligible to earn up to 300% of the target PSUs.
- Vesting requires continuous leadership through December 31, 2029, with net shares held until December 31, 2031.
Price Impact
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