4/A: Clean Energy Fuels Corp. Director Corrects Stock Option Exercise Price in Amended SEC Filing

A Clean Energy Fuels Corp. director, Patrick J. Ford, filed an amended SEC Form 4/A to correct the exercise price of a stock option grant, initially misreported due to an administrative error.

Summary

• Patrick J. Ford, a director at Clean Energy Fuels Corp., filed an amended SEC Form 4/A to correct a previously reported stock option transaction.
• The original filing on May 20, 2024, incorrectly stated the exercise price of a stock option.
• The corrected filing shows the exercise price of the stock option as $2.62.
• The stock option grant was for 32,608 shares of common stock.
• The options vest fully on the first anniversary of the grant date, which is May 16, 2025.
• The options expire on May 15, 2034.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error, which is neither positive nor negative. The correction is a positive action to ensure accuracy.

Negatives

• The original filing contained an administrative error regarding the stock option exercise price.

Risks

• Administrative errors in SEC filings can lead to confusion and potential regulatory scrutiny.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's operations or strategy.

Comparison to Industry Standards

• Stock option grants are a standard form of compensation for directors and executives in publicly traded companies.
• The vesting schedule of one year is also a common practice.
• The exercise price is typically set at or near the market price at the time of the grant.
• The correction of an administrative error is not unusual and is a normal part of regulatory compliance.

Stakeholder Impact

• The correction ensures transparency and accuracy for shareholders regarding executive compensation.

Key Dates

Keywords

SEC Filing, Stock Option, Beneficial Ownership, Clean Energy Fuels Corp, CLNE, Director, Patrick J. Ford, Form 4/A, Exercise Price