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

Vincent C. Taormina, a director at Clean Energy Fuels Corp., filed an amended SEC Form 4/A to correct an administrative error in the reported exercise price of stock options granted on May 16, 2024.

Summary

• Vincent C. Taormina, a director of Clean Energy Fuels Corp., filed an amendment to a previously submitted SEC Form 4.
• The amendment, filed on January 17, 2025, corrects the exercise price of stock options granted on May 16, 2024.
• The original filing on May 20, 2024, incorrectly reported the exercise price due to an administrative error.
• The corrected filing shows that Taormina acquired options for 32,608 shares of Clean Energy Fuels Corp. common stock with an exercise price of $2.62.
• These options vest 100% on the first anniversary of the grant date, May 16, 2025, and expire on May 15, 2034.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previously filed form, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency and adherence to regulatory requirements.

Negatives

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The correction of the stock option exercise price ensures accurate information is available to shareholders regarding executive compensation.

Key Dates