Clean Energy Fuels (CLNE) CEO awarded 250,000 RSUs, with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clean Energy Fuels Corp. CEO and President Andrew J. Littlefair reported two equity-related transactions in the company’s common stock. He received a grant of 250,000 restricted stock units (RSUs) at no cost, each representing one future share upon vesting and settlement.
According to the footnotes, the RSUs vest as to 34% on the first anniversary of the grant date and 33% on each of the second and third anniversaries. In a separate transaction, 25,923 shares were withheld at $2.26 per share to cover tax obligations upon vesting of restricted stock, a tax-withholding disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Littlefair Andrew J
Role
CEO AND PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 250,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 25,923 | $2.26 | $59K |
Holdings After Transaction:
Common Stock — 1,718,714 shares (Direct)
Footnotes (1)
- Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock. 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 RSU. 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.
FAQ
What insider transactions did CLNE CEO Andrew Littlefair report on this Form 4?
Andrew Littlefair reported an equity award and a tax-related share disposition. He received 250,000 restricted stock units and had 25,923 shares withheld to cover tax obligations tied to vesting restricted stock, both involving Clean Energy Fuels common stock.
How many Clean Energy Fuels (CLNE) RSUs were granted to the CEO?
Andrew Littlefair was granted 250,000 restricted stock units in Clean Energy Fuels common stock. Each RSU represents a contingent right to receive one share upon vesting and settlement, forming part of his equity-based compensation package as CEO and President.
What is the vesting schedule for Andrew Littlefair’s new CLNE RSU award?
The RSU award vests in three tranches over three years. Thirty-four percent vests on the first anniversary of the grant date, and thirty-three percent vests on each of the second and third anniversaries, subject to the terms of the award.
Were any of Andrew Littlefair’s CLNE transactions open-market sales or purchases?
The reported transactions were not open-market trades. One was a grant of 250,000 RSUs at no cost, and the other was a withholding of 25,923 shares to satisfy tax obligations upon vesting of restricted stock, coded as a tax-withholding disposition.
What does transaction code “F” mean in Andrew Littlefair’s CLNE Form 4?
Transaction code “F” indicates a tax-withholding disposition of shares. In this case, 25,923 Clean Energy Fuels shares were withheld at $2.26 per share to satisfy tax liabilities triggered by the vesting of previously granted restricted stock.