Clear Secure (YOU) grants RSUs and PSUs to GC & Chief Privacy Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Haaland Lynn reported acquisition or exercise transactions in this Form 4 filing.
Clear Secure, Inc. granted equity awards to its GC & Chief Privacy Officer, Lynn Haaland. The awards include 18,666 restricted stock units, each representing a right to receive one share of Class A common stock. These RSUs vest in three equal annual installments on March 10, 2027, 2028 and 2029, subject to continued service.
The company also granted 9,333 performance restricted stock units at the minimum earnable level. These PSUs cliff vest on March 10, 2029 after performance is determined for a three-year period ending December 31, 2028, and the final number of shares earned may exceed 9,333 based on actual performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Haaland Lynn
Role
GC & Chief Privacy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18,666 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 9,333 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 18,666 shares (Direct);
Performance Restricted Stock Units — 9,333 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 equity awards did Clear Secure (YOU) grant to Lynn Haaland?
Clear Secure granted 18,666 restricted stock units and 9,333 performance restricted stock units to GC & Chief Privacy Officer Lynn Haaland. Each unit represents a contingent right to receive one share of Class A common stock, subject to vesting conditions and continued service.
How do the 18,666 RSUs granted to Lynn Haaland at Clear Secure vest?
The 18,666 RSUs vest in three equal annual installments on March 10, 2027, March 10, 2028 and March 10, 2029. Vesting generally requires Lynn Haaland to remain in service with Clear Secure through each applicable vesting date.
What are the terms of the 9,333 performance RSUs granted by Clear Secure (YOU)?
The 9,333 performance RSUs were granted at the minimum number of shares that can be earned. They cliff vest on March 10, 2029 after performance is measured for a three-year period ending December 31, 2028, assuming continued service, and the eventual vested amount may be higher.
Does this Form 4 for Clear Secure (YOU) show any open-market stock purchases or sales?
No, the Form 4 only shows equity awards coded as grants or acquisitions of restricted stock units and performance restricted stock units. There are no open-market purchase or sale transactions reported, and the price per unit is listed as $0.0000.
What role does Lynn Haaland hold at Clear Secure in this Form 4 filing?
Lynn Haaland is identified as an officer of Clear Secure, serving as General Counsel and Chief Privacy Officer. The reported transactions reflect equity compensation awards tied to this executive role, rather than trading activity in the open market.
When will performance for the Clear Secure (YOU) PSUs granted to Lynn Haaland be evaluated?
Performance for the performance RSUs will be evaluated over a three-year period ending December 31, 2028. After this assessment, the PSUs are scheduled to cliff vest on March 10, 2029, with the final share amount dependent on actual performance.