Form 4: Clean Energy Fuels Director Patrick Ford Awarded Equity Compensation

Clean Energy Fuels Corp. Director Patrick J. Ford was granted 32,258 restricted stock units and options to purchase 45,112 shares of common stock as part of his compensation.

Summary

• Patrick J. Ford, a Director of Clean Energy Fuels Corp. (CLNE), was granted equity compensation on May 22, 2025.
• The compensation includes an award of 32,258 restricted stock units (RSUs), with each RSU representing a contingent right to receive one share of common stock.
• These RSUs are scheduled to fully vest on the first anniversary of the grant date.
• Additionally, Mr. Ford was granted stock options to purchase 45,112 shares of common stock, with an exercise price of $1.86 per share.
• These stock options will also fully vest on the first anniversary of the grant date (May 22, 2026) and have an expiration date of May 22, 2035.
• Following these transactions, Mr. Ford beneficially owns a total of 58,960 shares of common stock and 45,112 stock options.

Sentiment

Score: 7

Explanation: The grant of equity compensation to a director is a positive step for aligning interests and is a standard practice, indicating stability in governance. While there's minor dilution, it's generally viewed favorably for long-term incentives.

Positives

• The grant of restricted stock units and stock options aligns the director's interests with those of shareholders, incentivizing long-term performance and value creation.
• Equity compensation is a standard and effective practice for attracting and retaining qualified board members.

Negatives

• The issuance of new equity or potential future issuance upon the exercise of options could lead to minor dilution for existing shareholders, although this is a typical aspect of equity compensation plans.

Future Outlook

The document does not contain forward-looking statements or guidance beyond the specified vesting and expiration dates of the granted equity awards.

Industry Context

This Form 4 filing details an individual director's equity compensation, which is a routine corporate governance matter and does not provide broader industry context or trends. Equity compensation is a common practice across various industries to align management and director incentives with shareholder value.

Corporate Governance

Related Party Transactions

• The equity grant to Patrick J. Ford, a Director of Clean Energy Fuels Corp., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: Experience minor potential dilution from the future vesting and exercise of equity awards, but also benefit from improved alignment of director incentives with long-term shareholder value.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The restricted stock units and stock options granted to Patrick J. Ford are scheduled to fully vest on May 22, 2026.
• The stock options have an expiration date of May 22, 2035, by which time they must be exercised if in-the-money.

Key Dates

Recommendation

Keywords

Clean Energy Fuels Corp., CLNE, Form 4, SEC filing, Restricted Stock Units, RSUs, Stock Options, Equity Compensation, Director Compensation, Insider Transaction, Beneficial Ownership