Gregory D. Cameron - 16 Feb 2022 Form 4 Insider Report for Bloom Energy Corp (BE)

Role: Chief Financial Officer
Signature: /s/ Shawn M. Soderberg, as attorney-in-fact
Issuer symbol: BE
Transactions as of: 16 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 17 Feb 2022, 19:43:19 UTC
Previous filing: 19 Jan 2022
Next filing: 17 Mar 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BE	Performance Stock Units	Award	$0	+39K		$0.00	39K	16 Feb 2022	Class A Common Stock	39K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each of the Performance Stock Units (the "PSUs") represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.
F2	On February 11, 2021, the Reporting Person was granted a PSU award for a target number of 51,970 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person partially met the performance criteria as determined by the Compensation Committee on February 16, 2022, which resulted in a payout of 75% of the target. The PSUs shall vest annually over three (3) years, with a third of the PSUs vesting on March 15, 2022, another third on March 15, 2023 and the remaining third on March 15, 2024, subject to Reporting Person remaining a service provider on each applicable vesting date. Vested shares will be delivered to the Reporting Person beginning on or about January 1, 2025 pursuant to the terms of the Bloom Energy Corporation 2021 Deferred Compensation Plan.

Content

Each of the Performance Stock Units (the "PSUs") represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement.

On February 11, 2021, the Reporting Person was granted a PSU award for a target number of 51,970 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person partially met the performance criteria as determined by the Compensation Committee on February 16, 2022, which resulted in a payout of 75% of the target. The PSUs shall vest annually over three (3) years, with a third of the PSUs vesting on March 15, 2022, another third on March 15, 2023 and the remaining third on March 15, 2024, subject to Reporting Person remaining a service provider on each applicable vesting date. Vested shares will be delivered to the Reporting Person beginning on or about January 1, 2025 pursuant to the terms of the Bloom Energy Corporation 2021 Deferred Compensation Plan.