ClearSign (CLIR) director awarded RSUs and stock options as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ClearSign Technologies Corp director Silva Gil Todd received new equity compensation awards for board service. For the quarter ended March 31, 2026, the director was granted 3,440 restricted stock units and non‑statutory stock options for 3,024 shares of common stock.
The RSUs each represent one share of common stock or its cash equivalent and vest upon the earliest of a change in control, disability, death, or separation from service. The stock options were immediately vested and exercisable on the grant date, have a $4.36 exercise price, and expire on March 31, 2036. Following these awards, the director directly owns 123,909 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Silva Gil Todd
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,440 | $0.00 | -- |
| Grant/Award | Non-Statutory Stock Options | 3,024 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 123,909 shares (Direct);
Non-Statutory Stock Options — 3,024 shares (Direct)
Footnotes (1)
- As compensation for services as a non-employee director during the quarter ended March 31, 2026, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan (the "Plan") pursuant to the issuer's non-employee director compensation policy, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof. The RSUs will vest upon the first to occur of: (1) a Change in Control (as defined in the applicable RSU award agreement), (2) the reporting person's Disability (as defined in the applicable RSU award agreement); (3) the reporting person's death; or (4) the reporting person's separation from service. As compensation for services as a non-employee director during the quarter ended March 31, 2026, the reporting person was granted non-statutory stock options to purchase 3,024 shares of common stock under the Plan pursuant to the issuer's non-employee director compensation policy. These non-statutory stock options were immediately vested and exercisable on the grant date.
Key Figures
RSU grant: 3,440 RSUs
Stock option grant: 3,024 options
Option exercise price: $4.36 per share
+3 more
6 metrics
RSU grant
3,440 RSUs
Non-employee director compensation for quarter ended March 31, 2026
Stock option grant
3,024 options
Non-statutory stock options granted to purchase common stock
Option exercise price
$4.36 per share
Exercise price for 3,024 non-statutory stock options
Option expiration
March 31, 2036
Expiration date of non-statutory stock options if unexercised
Shares held after grant
123,909 shares
Director’s direct common stock holdings following reported transactions
Underlying shares for options
3,024 shares
Common shares underlying non-statutory stock options
Key Terms
Restricted Stock Units, Non-Statutory Stock Options, 2021 Equity Incentive Plan, Change in Control, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Statutory Stock Options financial
"the reporting person was granted non-statutory stock options to purchase 3,024 shares of common stock"
Non-statutory stock options are a type of reward that companies give to employees, allowing them to buy company shares at a set price within a certain period. Unlike formal or government-approved plans, these options are more flexible but may have different tax implications. For investors, they can influence a company's stock price and financial health, making them an important factor to consider.
2021 Equity Incentive Plan financial
"under the ClearSign Technologies Corporation 2021 Equity Incentive Plan (the "Plan")"
Change in Control financial
"The RSUs will vest upon the first to occur of: (1) a Change in Control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation from service financial
"or (4) the reporting person's separation from service."
FAQ
What equity awards did ClearSign (CLIR) director Silva Gil Todd receive?
Silva Gil Todd received 3,440 restricted stock units and 3,024 non-statutory stock options as compensation for serving as a non-employee director for the quarter ended March 31, 2026. Each RSU represents one share of common stock or its cash equivalent under ClearSign’s 2021 Equity Incentive Plan.
How do the new RSUs granted to ClearSign (CLIR) director vest?
The 3,440 RSUs vest upon the first of four events: a change in control, the director’s disability, the director’s death, or the director’s separation from service. Until one of these triggers occurs, the RSUs remain unvested but represent a right to future common stock or cash.
What are the terms of the ClearSign (CLIR) stock options granted to the director?
The director received non-statutory stock options for 3,024 shares of common stock at a $4.36 exercise price. These options were fully vested and exercisable on the grant date and will expire on March 31, 2036, if not exercised earlier under the plan’s terms.
Was the ClearSign (CLIR) director’s Form 4 transaction a market purchase or sale?
The Form 4 reports compensation-related grants, not market trades. The director acquired RSUs and stock options as a grant under the non-employee director compensation policy, with no open-market buying or selling of common shares reported in this filing.
Under what plan were the ClearSign (CLIR) director’s RSUs and options granted?
Both the RSUs and non-statutory stock options were granted under the ClearSign Technologies Corporation 2021 Equity Incentive Plan. The grants were made pursuant to the company’s non-employee director compensation policy for services during the quarter ended March 31, 2026.