Bloom Energy Corporation announced on June 15, 2026, the grant of a significant long-term, performance-based equity award to its founder and CEO, Dr. KR Sridhar. The award is designed to retain Dr. Sridhar's leadership beyond 2027 and align his compensation with the company's strategic priorities, focusing on long-term revenue growth and profitability.
Key Details
- Award: The grant consists of 271,076 performance-based restricted stock units (PSUs) at the target level, with a potential payout of up to 300% of the target amount.
- Vesting Conditions: Vesting is tied to achieving total revenue targets measured over a multi-year period ending December 31, 2029. The final vested amount can be adjusted based on the company's non-GAAP product gross margin in fiscal year 2029.
- Service & Holding Requirements: The award requires Dr. Sridhar's continuous leadership through December 31, 2029. Vested shares are subject to a mandatory holding period until December 31, 2031, further aligning his interests with long-term stockholders.