Bloom Energy Corporation CEO Equity Award

Bloom Energy Corporation announced on June 15, 2026, that its Board of Directors approved a performance-based restricted stock unit (PSU) grant for CEO Dr. KR Sridhar. This award, covering 271,076 shares at the target level, is designed to retain Dr. Sridhar and align his incentives with the company's growth strategy. The vesting of these PSUs is contingent upon achieving specific total revenue targets between July 1, 2026, and December 31, 2029, with potential adjustments based on the company's non-GAAP product gross margin in fiscal year 2029. Dr. Sridhar must also remain CEO through December 31, 2029, and hold the net shares until December 31, 2031. This new award differs from a previous 2024 grant, with updated performance metrics reflecting the company's evolving market opportunities and strategic priorities. The company noted that Bloom Energy's market capitalization grew significantly from approximately $5 billion in late 2024 to $79 billion by June 15, 2026.