Research Reports

Key takeaways

Board approved a PSU grant of 271,076 target shares to CEO KR Sridhar on June 15, 2026.

Vesting depends on achieving aggregate total revenue targets over fiscal quarters from July 2026 to December 2029, and on non-GAAP product gross margin in FY2029.

Continuous leadership through December 31, 2029 is required for vesting, with limited exceptions.

Shares delivered upon vesting are subject to a holding period until December 31, 2031, aligning long-term interests.

The award can pay out up to 300% of target based on performance.

Full analysis

On June 15, 2026, Bloom Energy's Board approved a performance-based equity award to CEO Dr. KR Sridhar, consisting of 271,076 PSUs at target. The award is designed to retain Sridhar through a period of significant growth and align his incentives with revenue expansion and profitability. Vesting is tied to aggregate total revenue over the highest four consecutive quarters from July 2026 to December 2029, with an adjustment based on 2029 non-GAAP product gross margin. Continuous leadership is required, and shares are locked up until 2031. This grant complements the 2024 award, focusing on different metrics to drive sustained performance. The board emphasized the critical importance of leadership continuity as the company scales.

BE · Bloom Energy Corporation

Summary

Key takeaways

Full analysis