Bloom Energy Grants 271,076 PSUs to CEO KR Sridhar
The company awarded performance-based stock units to its leader on June 15, 2026, with a five-year holding restriction.
By the FiledFeed automated desk
This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.
The short version
Bloom Energy Corp granted 271,076 performance-based stock units (PSUs) to KR Sridhar on June 15, 2026, under its 2018 Equity Incentive Plan. The award is subject to performance conditions and vesting requirements detailed in an exhibit that was omitted from the filing. Shares received upon vesting cannot be sold before December 31, 2031.
Filing impact
Filing sentiment
Bloom Energy Corp (BE) granted 271,076 performance-based stock units (PSUs) to KR Sridhar on June 15, 2026, according to an 8-K filing made June 17, 2026.
PSUs are a type of equity compensation that converts to company stock only if certain performance goals are met and the employee remains with the company through the vesting period. The exact performance targets and vesting schedule were included in an exhibit that the company did not disclose in this filing, stating the information is private or confidential.
Key Restrictions
Any shares Sridhar receives upon vesting and settlement of these PSUs will be subject to a mandatory holding period. He cannot sell, transfer, or otherwise dispose of the shares before December 31, 2031, except in limited circumstances such as his death. This restriction applies even after the shares vest — a common feature designed to align executive interests with long-term company performance.
Like other equity awards, Sridhar is responsible for all income taxes related to the grant, vesting, and eventual sale of shares. The company may withhold taxes from his salary, from the shares themselves, or from proceeds of share sales.
The award is governed by Bloom Energy's 2018 Equity Incentive Plan and is subject to the terms of Delaware law. Disputes would be resolved in California courts.
Why it matters
Executive equity grants are a standard way companies align leadership compensation with shareholder interests, but the size and terms reveal board confidence in the executive and strategic priorities. The five-year holding restriction here is notably long and signals the board expects significant value creation over that period. The omitted performance conditions prevent investors from assessing how hard the goals actually are — a gap that limits transparency about whether this award is generous or merely market-standard. For shareholders, it matters whether Sridhar's personal wealth is genuinely at risk alongside theirs or protected by lenient vesting targets.
Frequently asked
- What are performance-based stock units (PSUs)?
- PSUs are a type of stock compensation that converts to actual company shares only if the employee meets specific performance goals and stays with the company through the vesting period. Unlike regular stock options, PSUs do not give the employee any voting rights or ownership until they vest and are settled into shares.
- When can KR Sridhar sell the shares he receives from this award?
- Sridhar cannot sell, transfer, or dispose of shares received from these PSUs before December 31, 2031, even after they vest. The only exceptions are death or court order. This mandatory holding period is designed to keep executives' long-term interests aligned with the company's performance.
- What performance targets must be met for these PSUs to vest?
- The specific performance conditions and vesting schedule are not disclosed in this filing. The company said the information is private or confidential and was omitted from the exhibit. Without those details, investors cannot determine how challenging the goals are.
- Who is responsible for taxes on this grant?
- Sridhar is responsible for all income taxes related to the award, including when the PSUs vest and when he eventually sells the shares. The company can withhold taxes from his salary, from shares, or from sale proceeds, but any taxes owed remain his obligation.
What the filing reported
- 5.02 Departure/Election of Directors or Officers
- 9.01 Financial Statements & Exhibits
Source
Based on Bloom Energy Corp's 8-K filed with the SEC on Jun 17, 2026. Read the original filing on SEC.gov ↗