OPAL Fuels (OPAL) EVP logs RSU vesting, tax withholding and option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OPAL Fuels Inc. Executive Vice President David C. Unger reported equity compensation activity tied to restricted stock units and options on March 31, 2026. Several tranches of restricted stock units vested and were settled into Class A common stock, with a portion of the shares withheld to cover tax obligations.
Unger acquired 167,136 shares of Class A common stock through settlements of restricted stock units and performance-based restricted stock units, while 60,251 shares were withheld at a reference price of $2.52 per share to satisfy taxes. Following these transactions, he directly held 230,861 shares of Class A common stock and received new awards of 101,433 restricted stock units and options for 56,660 shares at a $2.52 exercise price, vesting over three years under the company’s 2022 Omnibus Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
167,136 shares exercised/converted
Mixed
14 txns
Insider
Unger David C
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 80,703 | $0.00 | -- |
| Exercise | Restricted Stock Units | 23,522 | $0.00 | -- |
| Exercise | Restricted Stock Units | 57,100 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,811 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 101,433 | $0.00 | -- |
| Grant/Award | Stock options (right to buy) | 56,660 | $0.00 | -- |
| Exercise | Class A common stock | 80,703 | $0.00 | -- |
| Tax Withholding | Class A common stock | 29,093 | $2.52 | $73K |
| Exercise | Class A common stock | 23,522 | $0.00 | -- |
| Tax Withholding | Class A common stock | 8,479 | $2.52 | $21K |
| Exercise | Class A common stock | 57,100 | $0.00 | -- |
| Tax Withholding | Class A common stock | 20,584 | $2.52 | $52K |
| Exercise | Class A common stock | 5,811 | $0.00 | -- |
| Tax Withholding | Class A common stock | 2,095 | $2.52 | $5K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Stock options (right to buy) — 56,660 shares (Direct);
Class A common stock — 204,679 shares (Direct)
Footnotes (1)
- 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. 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. On March 31, 2023, the Reporting Person was granted 242,111 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, 2024, (ii) March 31, 2025, and (iii) March 31, 2026, 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. On March 31, 2024, the Reporting Person was granted 70,565 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, 2025, (ii) March 31, 2026, and (iii) March 31, 2027, 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. On March 31, 2025, the Reporting Person was granted 171,300 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. On March 31, 2023 the Reporting Person was awarded a target number of performance-based restricted stock units ("PRSUs"), subject to satisfaction of performance conditions as determined by the Board of Directors of OPAL Fuels Inc. Each PRSU represented the right to receive, at settlement, one share of Class A common stock. The amount shown represents the actual number of units earned by the Reporting Person pursuant to the satisfaction of performance conditions. On March 31, 2026, the Reporting Person was granted 101,433 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. Granted pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"). 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. 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. 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. 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
RSU settlements: 167,136 shares
Tax withholding shares: 60,251 shares
Shares held after transactions: 230,861 shares
+4 more
7 metrics
RSU settlements
167,136 shares
Class A common stock acquired via RSU and PRSU settlement on March 31, 2026
Tax withholding shares
60,251 shares
Shares withheld to satisfy tax obligations at $2.52 per share
Shares held after transactions
230,861 shares
Direct Class A common stock ownership following March 31, 2026 transactions
New RSU grant
101,433 RSUs
Restricted stock units granted on March 31, 2026 under 2022 Omnibus Equity Incentive Plan
Stock option grant
56,660 options
Options for Class A common stock granted March 31, 2026, expiring March 31, 2036
Option exercise price
$2.52 per share
Exercise price based on volume weighted average price before March 31, 2026
Option vesting schedule
3 equal installments
Option vests on March 31, 2027, 2028, and 2029, subject to continued service
Key Terms
restricted stock units, performance-based restricted stock units, 2022 Omnibus Equity Incentive Plan, Change in Control, +2 more
6 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.
performance-based restricted stock units financial
"the Reporting Person was awarded a target number of performance-based restricted stock units ("PRSUs"), subject to satisfaction of performance conditions"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2022 Omnibus Equity Incentive Plan financial
"pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan")."
Change in Control financial
"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.
tax withholding requirements financial
"Represents the shares held by the Company to satisfy tax withholding requirements on vesting of restricted stock units."
volume weighted average price financial
"an exercise price of $2.52 per share, which was the volume weighted average price of the Issuer's Class A common stock"
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.
FAQ
What insider transactions did OPAL Fuels (OPAL) report for David C. Unger?
OPAL Fuels reported that Executive Vice President David C. Unger settled multiple restricted stock unit awards into Class A common stock on March 31, 2026. The filing also shows new grants of restricted stock units and stock options as part of his ongoing equity compensation.
What new equity awards did David C. Unger receive from OPAL Fuels?
On March 31, 2026, David C. Unger received 101,433 restricted stock units and options for 56,660 shares of Class A common stock. The options carry a $2.52 exercise price and vest in three equal installments in 2027, 2028, and 2029, subject to continued service.
What are the key vesting and change-in-control terms for Unger’s OPAL Fuels options?
Unger’s options vest in three equal annual installments on March 31, 2027, 2028, and 2029, at a $2.52 exercise price. Footnotes state unvested options may partially or fully accelerate on disability, death, termination without cause, or qualifying resignation following a Change in Control.
OPAL Fuels Inc.