Clean Energy Fuels CFO options hinge on $14 for 20 trading days
A separate 50,000-option award uses fuel-volume milestones, with 12,500 options vested as of the Reporting Date.
Sentiment and the balance of points
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Form Type
3
Rhea-AI Filing Summary
Clean Energy Fuels Corp. (CLNE) reports direct equity holdings for CFO Jason J. Armstrong, including employee stock options and restricted stock units (RSUs). One 100,000-share option award, with a $6.77 exercise price, vests immediately, if at all, if the common stock’s closing share price equals or exceeds $14.00 for 20 consecutive trading days. The RSU awards vest 34% on the first grant anniversary and 33% on each of the second and third anniversaries; separate awards had 67,000 and 34,000 RSUs vested, while another had no RSUs vested, as of the Reporting Date.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Armstrong Jason J.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (Right to Acquire) F5 | -- | -- | -- |
| holding | Employee Stock Options (Right to Acquire) F5 | -- | -- | -- |
| holding | Employee Stock Options (Right to Acquire) F5 | -- | -- | -- |
| holding | Employee Stock Options (Right to Aquire) F5 | -- | -- | -- |
| holding | Employee Stock Options (Right to Acquire) F5 | -- | -- | -- |
| holding | Employee Stock Options (Right to Aquire) F5 | -- | -- | -- |
| holding | Employee Stock Options (Right to Aquire) F5 | -- | -- | -- |
| holding | Employee Stock Options (Right to Acquire) F6 | -- | -- | -- |
| holding | Employee Stock Options (Right to Acquire) F7 | -- | -- | -- |
| holding | Employee Stock Options (Right to Acquire) F8 | -- | -- | -- |
| holding | Employee Stock Options (Right to Acquire) F9 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (Right to Acquire) — 355,088 contracts (Direct);
Employee Stock Options (Right to Aquire) — 79,641 contracts (Direct);
Common Stock — 319,061 shares (Direct)
Footnotes (9)
- F1. Represents securities beneficially owned by the reporting person as of the date he became a Section 16 reporting person (the "Reporting Date").
- F2. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon the vesting and settlement of the RSUs. The RSUs will vest as to 34% on the first anniversary of the grant date and as to 33% on each of the second and third anniversaries of the grant date. As of the Reporting Date, 67,000 RSUs have vested.
- F3. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon the vesting and settlement of the RSUs. The RSUs will vest as to 34% on the first anniversary of the grant date and as to 33% on each of the second and third anniversaries of the grant date. As of the Reporting Date, 34,000 RSUs have vested.
- F4. Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon the vesting and settlement of the RSUs. The RSUs will vest as to 34% on the first anniversary of the grant date and as to 33% on each of the second and third anniversaries of the grant date. As of the Reporting Date, no RSUs have vested.
- F5. The stock options are fully vested and currently exercisable.
- F6. 25% of the total shares subject to the stock option award vest upon each achievement of a specific volume hurdle related to securing certain levels of gasoline gallon equivalents. As of the Reporting Date, 12,500 stock options have vested.
- F7. 100% of the total shares subject to the stock option award vest immediately, if at all, if the closing share price of the Issuer's common stock on the Nasdaq Stock Market LLC equals or exceeds $14.00 for 20 consecutive trading days.
- F8. The stock options vest as to 34% on the first anniversary of the grant date and as to 33% on each of the second and third anniversaries of the grant date. As of the Reporting Date, 75,000 stock options have vested.
- F9. The stock options vest as to 34% on the first anniversary of the grant date and as to 33% on each of the second and third anniversaries of the grant date. As of the Reporting Date, 40,200 stock options have vested.
Key Figures
Option award subject to share-price condition: 100,000 underlying shares; $6.77 exercise price
Option award tied to volume hurdles: 50,000 underlying shares; $6.77 exercise price
Employee stock options: 18,000 underlying shares; $2.83 exercise price
+4 more
7 metrics
Option award subject to share-price condition
100,000 underlying shares; $6.77 exercise price
Vests immediately, if at all, if the closing share price equals or exceeds $14.00 for 20 consecutive trading days.
Option award tied to volume hurdles
50,000 underlying shares; $6.77 exercise price
25% vest upon each specified volume hurdle; 12,500 options vested as of the Reporting Date.
Employee stock options
18,000 underlying shares; $2.83 exercise price
Expiration date: January 31, 2027.
Employee stock options
21,375 underlying shares; $1.37 exercise price
Expiration date: March 2, 2028.
Employee stock options
75,000 underlying shares; $4.58 exercise price
75,000 options had vested as of the Reporting Date; expiration date: March 2, 2033.
Vested restricted stock units
67,000 RSUs
Vested as of the Reporting Date.
Vested restricted stock units
34,000 RSUs
Vested as of the Reporting Date.
Key Terms
restricted stock units, contingent right, volume hurdle, currently exercisable
4 terms
restricted stock units financial
"restricted stock units ("RSUs")"
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.
contingent right financial
"contingent right to receive one share"
volume hurdle technical
"a specific volume hurdle related to securing certain levels"
currently exercisable financial
"fully vested and currently exercisable"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do CLNE options tied to fuel-volume hurdles vest?
One 50,000-option award vests 25% upon each achievement of a specific volume hurdle related to securing certain levels of gasoline gallon equivalents. 12,500 options had vested as of the Reporting Date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
