OPAL Fuels (NASDAQ: OPAL) EVP receives RSUs, options and settles vesting
Rhea-AI Filing Summary
OPAL Fuels Executive Vice President Darrell Birck reported equity compensation activity and an option exercise on March 31, 2026. He settled 36,708 restricted stock units into the same number of Class A common shares on their scheduled vesting date, while 8,938 shares were withheld by the company to cover taxes at a reference price of $2.52 per share.
Birck also received new awards of 111,576 restricted stock units and 62,326 stock options under the 2022 Omnibus Equity Incentive Plan. The options have a $2.52 exercise price, vest in three equal installments from March 31, 2027 through March 31, 2029, and expire in 2036. Following these transactions, he holds 27,770 Class A shares directly, along with the newly granted RSUs and options.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 27,770 shares
Net Buy
5 txns
Insider
Birck Darrell
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 36,708 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 111,576 | $0.00 | $0.00 |
| Grant/Award | Stock options (right to buy) | 62,326 | $0.00 | $0.00 |
| Exercise | Class A common stock | 36,708 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 8,938 | $2.52 | $23K |
Holdings After Transaction:
Restricted Stock Units — 184,990 shares (Direct);
Stock options (right to buy) — 62,326 shares (Direct);
Class A common stock — 27,770 shares (Direct)
Footnotes (9)
- F1. Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock. This transaction represents the settlement of restricted stock units in shares of Class A common stock on their scheduled vesting date.
- F2. Represents the shares held by the Company to satisfy tax withholding requirements on vesting of restricted stock units. The total value of securities withheld was based on a price of $2.52 per share, the closing price of Class A common stock on March 31, 2026.
- F3. On March 31, 2025, the Reporting Person was granted 110,122 restricted stock units ("RSUs") pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"). RSUs were scheduled to vest in three (3) equal installments on each of the following dates: (i) March 31, 2026, (ii) March 31, 2027, and (iii) March 31, 2028, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date. Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock.
- F4. On March 31, 2026, the Reporting Person was granted 111,576 RSUs pursuant to the Plan. RSUs are scheduled to vest in three (3) equal installments on each of the following dates: (i) March 31, 2027, (ii) March 31, 2028, and (iii) March 31, 2029, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date. Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock.
- F5. Granted pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan").
- F6. The Reporting Person was granted an option to purchase shares of the Issuer's Class A common stock (the "Option") at an exercise price of $2.52 per share, which was the volume weighted average price of the Issuer's Class A common stock for the five days immediately preceding March 31, 2026, as quoted on the Nasdaq Stock Market. The Option vests in three (3) equal installments on each of the following dates: (i) March 31, 2027, (ii) March 31, 2028, and (iii) March 31, 2029, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date.
- F7. In the event that the Reporting Person's employment is terminated by reason of the Reporting Person's disability or termination without cause, the Options shall vest with respect to the number of shares of Class A common stock that would have vested upon the next vesting date following such termination, had the Reporting Person remained an employee.
- F8. Notwithstanding the foregoing, upon the occurrence of a termination of employment by reason of the Reporting Person's (i) termination without cause; or (ii) resignation for good reason, in connection with or within the 24 months following the consummation of a Change in Control (as defined in the Plan and the relevant award agreement), any unvested portion of the Option shall accelerate and vest in full.
- F9. Upon the occurrence of a termination by reason of the Reporting Person's death, any unvested portion of the Option shall accelerate and vest in full.
Key Figures
RSUs settled: 36,708 shares
Tax withholding shares: 8,938 shares
New RSU grant 2026: 111,576 units
+4 more
7 metrics
RSUs settled
36,708 shares
Restricted stock units vested and settled into Class A common stock on March 31, 2026
Tax withholding shares
8,938 shares
Shares withheld to satisfy tax obligations at $2.52 per share on March 31, 2026
New RSU grant 2026
111,576 units
RSUs granted March 31, 2026 under 2022 Omnibus Equity Incentive Plan, vesting 2027–2029
New stock options granted
62,326 options
Options granted March 31, 2026, vesting 2027–2029 and expiring in 2036
Option exercise price
$2.52 per share
Exercise price equals five-day volume weighted average price before March 31, 2026
Common shares after transactions
27,770 shares
Direct Class A common stock ownership following March 31, 2026 transactions
Prior RSU grant 2025
110,122 units
RSUs granted March 31, 2025, vesting in three equal annual installments starting March 31, 2026
Key Terms
restricted stock units, 2022 Omnibus Equity Incentive Plan, volume weighted average price, tax withholding, +1 more
5 terms
restricted stock units financial
"Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock."
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.
2022 Omnibus Equity Incentive Plan financial
"On March 31, 2025, the Reporting Person was granted 110,122 restricted stock units ("RSUs") pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan"
volume weighted average price financial
"at an exercise price of $2.52 per share, which was the volume weighted average price of the Issuer's Class A common stock for the five days immediately preceding March 31, 2026"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
tax withholding financial
"Represents the shares held by the Company to satisfy tax withholding requirements on vesting of restricted stock units."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Change in Control financial
"in connection with or within the 24 months following the consummation of a Change in Control (as defined in the Plan and the relevant award agreement)"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did OPAL Fuels (OPAL) report for Darrell Birck?
OPAL Fuels reported that Executive Vice President Darrell Birck settled 36,708 restricted stock units into Class A common shares and had 8,938 shares withheld for taxes. He also received new grants of 111,576 restricted stock units and 62,326 stock options on March 31, 2026.
How many restricted stock units did OPAL EVP Darrell Birck have vest and convert?
Darrell Birck had 36,708 restricted stock units vest and convert into the same number of OPAL Fuels Class A common shares. These RSUs were part of a prior 110,122-unit grant scheduled to vest in three equal annual installments starting March 31, 2026, subject to continued service.
What new equity awards did OPAL Fuels grant to Darrell Birck?
On March 31, 2026, OPAL Fuels granted Darrell Birck 111,576 restricted stock units and 62,326 stock options under its 2022 Omnibus Equity Incentive Plan. Both awards vest in three equal installments on March 31 of 2027, 2028 and 2029, contingent on continued employment.
At what price are Darrell Birck’s new OPAL Fuels stock options exercisable?
Darrell Birck’s new OPAL Fuels stock options are exercisable at $2.52 per share, matching the volume weighted average price for the five days immediately before March 31, 2026. The options expire in 2036 and vest in three equal annual installments beginning March 31, 2027.
What happens to Darrell Birck’s OPAL Fuels options and RSUs upon certain termination events?
If Darrell Birck is terminated without cause or due to disability, an additional portion of his options vests up to the next vesting date. Upon death or certain change-in-control related terminations, any unvested options accelerate and vest in full, as described in the award terms.