Stock-based awards for Clear Secure (NYSE: YOU) EVP McLaughlin
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McLaughlin Kyle reported acquisition or exercise transactions in this Form 4 filing.
Clear Secure, Inc. executive Kyle McLaughlin, EVP, Aviation, received new stock-based compensation awards. He was granted 27,999 restricted stock units, each representing one share of Class A Common Stock, which vest in three equal annual installments on March 10 of 2027, 2028 and 2029, subject to continued service.
He was also granted 13,999 performance restricted stock units at the minimum number of shares that can be earned. These performance units cliff vest on March 10, 2029 based on performance over a three-year period ending December 31, 2028, and the final amount vested may be higher depending on actual performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McLaughlin Kyle
Role
EVP, Aviation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 27,999 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 13,999 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 27,999 shares (Direct);
Performance Restricted Stock Units — 13,999 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 stock awards did Clear Secure (YOU) EVP Kyle McLaughlin receive?
Kyle McLaughlin received two stock-based awards: 27,999 restricted stock units and 13,999 performance restricted stock units, each tied to Class A Common Stock. These grants are compensation awards and do not involve any open-market share purchases or sales.
How do Kyle McLaughlin’s RSUs at Clear Secure (YOU) vest?
The 27,999 restricted stock units vest in three equal annual installments. Vesting dates are March 10, 2027, March 10, 2028 and March 10, 2029, and each installment generally requires Mr. McLaughlin to remain in service with Clear Secure through the applicable vesting date.
What are the terms of the performance RSUs granted by Clear Secure (YOU)?
The 13,999 performance restricted stock units will cliff vest on March 10, 2029. Vesting depends on performance over a three-year period ending December 31, 2028, and the ultimate number of shares earned may exceed 13,999 based on actual performance results.
Do the Clear Secure (YOU) RSU and PSU grants involve any cash transactions?
The reported awards are grants of restricted stock units and performance stock units at a stated price of $0.00 per unit. They represent rights to receive Class A shares in the future and do not reflect any cash purchases or sales of stock in the market.
What ownership does Kyle McLaughlin have after these Clear Secure (YOU) grants?
Following the grants, Mr. McLaughlin holds 27,999 restricted stock units and 13,999 performance restricted stock units directly. Each unit represents a contingent right to receive one share of Clear Secure’s Class A Common Stock if the specified vesting conditions are met.