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

Kenneth M. Socha, 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

• Kenneth M. Socha, a director of Clean Energy Fuels Corp., filed an amendment to a previous SEC Form 4 filing.
• 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 Socha 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: 6

Explanation: The document is a routine correction of a previous filing. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The correction of an error is a neutral event.

Negatives

• The original SEC filing contained an error in the reported exercise price of the stock options.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily indicate a broader trend in the clean energy industry but reflects standard corporate governance practices.

Comparison to Industry Standards

• Stock option grants are a common form of executive compensation in publicly traded companies, including those in the clean energy sector.
• The vesting schedule of one year is fairly standard.
• Companies like FuelCell Energy and Ballard Power Systems also utilize stock options as part of their compensation packages.

Stakeholder Impact

• The correction of the exercise price ensures accurate information for shareholders regarding executive compensation.

Key Dates