Clear Secure (YOU) grants RSUs and performance RSUs to Chief Security Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schlegel Jonathan reported acquisition or exercise transactions in this Form 4 filing.
Clear Secure, Inc. Chief Security Officer Jonathan Schlegel received new equity awards in the form of restricted stock units tied to Class A Common Stock. He was granted 14,933 RSUs that vest in three equal annual installments on March 10 of 2027, 2028 and 2029, contingent on continued service. He also received 7,466 performance RSUs that will cliff vest on March 10, 2029 based on performance over a three-year period ending December 31, 2028, and the final number of shares earned may be higher depending on results.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schlegel Jonathan
Role
Chief Security Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,933 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 7,466 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 14,933 shares (Direct);
Performance Restricted Stock Units — 7,466 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs"), each of which represents a contingent right to receive a share of Class A Common Stock of the Issuer following the vesting date. The RSUs will vest in equal annual installments on each of March 10, 2027, 2028 and 2029, generally subject to the reporting person's continued service. Represents a grant of performance RSUs ("PSUs") at the minimum number of shares that can be earned. The PSUs will cliff vest on March 10, 2029 following determination of actual performance at the end of a three-year performance period ending December 31, 2028, generally subject to the reporting person's continued service. The amount of the PSUs that ultimately vests may be greater than the amount reported herein, based on such actual performance.
FAQ
What insider transaction did Clear Secure (YOU) report for Jonathan Schlegel?
Clear Secure reported that Chief Security Officer Jonathan Schlegel received grants of restricted stock units and performance-based restricted stock units tied to Class A Common Stock. These awards are compensation-related and vest over several years, subject to continued service and, for performance units, achieving set performance goals.
How many RSUs did Jonathan Schlegel receive from Clear Secure (YOU)?
Jonathan Schlegel received 14,933 restricted stock units, each representing a right to one share of Class A Common Stock after vesting. These RSUs vest in three equal annual installments on March 10 of 2027, 2028 and 2029, assuming he continues in service with the company.
What are the terms of the performance RSUs granted to Jonathan Schlegel at Clear Secure (YOU)?
He received 7,466 performance restricted stock units at the minimum earnable level. These PSUs will cliff vest on March 10, 2029 after performance is measured over a three-year period ending December 31, 2028, with the final vested amount potentially higher based on actual performance.
When will Jonathan Schlegel’s Clear Secure (YOU) RSUs vest?
The time-based RSUs vest in equal annual installments on March 10, 2027, March 10, 2028 and March 10, 2029, contingent on continued service. The performance RSUs cliff vest on March 10, 2029, after Clear Secure assesses performance for the three-year period ending December 31, 2028.
Are Jonathan Schlegel’s Clear Secure (YOU) RSU grants open-market purchases or sales?
The transactions are equity grants, not open-market purchases or sales. Form 4 shows awards of RSUs and performance RSUs as part of compensation, with no cash price per share and vesting based on time and performance conditions rather than trading in the market.
Can the number of Clear Secure (YOU) performance RSUs Jonathan Schlegel earns change?
Yes. The 7,466 performance RSUs are the minimum number of shares that can be earned. After Clear Secure evaluates actual performance for the three-year period ending December 31, 2028, the number of PSUs that ultimately vest on March 10, 2029 may be greater than the amount initially reported.