Form 4: Clean Energy Fuels Director Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director Andrew J. Littlefair was granted 403,255 restricted stock units in Clean Energy Fuels Corp.
Summary
- Director Andrew J. Littlefair acquired 403,255 restricted stock units (RSUs) on April 22, 2026.
- Each RSU represents a contingent right to receive one share of common stock upon vesting.
- The total beneficial ownership for the director following this transaction is 2,079,993 shares.
- The RSUs vest over a three-year period: 34% on the first anniversary and 33% on each of the second and third anniversaries.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- Potential for future shareholder dilution upon the vesting and settlement of the RSUs.
Risks
- Market volatility affecting the value of equity compensation.
- Vesting conditions dependent on continued service to the company.
Future Outlook
The RSUs are subject to a three-year vesting schedule, indicating a long-term retention and incentive structure for the director.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices intended to align leadership incentives with company performance in the renewable natural gas sector.
Comparison to Industry Standards
- The use of multi-year vesting schedules for RSU grants is consistent with standard executive and director compensation practices among publicly traded energy companies.
Stakeholder Impact
- Shareholders may experience minor dilution upon the eventual settlement of these RSUs.
Next Steps
- Vesting of 34% of the RSUs on April 22, 2027.
- Vesting of 33% of the RSUs on April 22, 2028.
- Vesting of 33% of the RSUs on April 22, 2029.
Key Dates
| Date | Description |
|---|---|
| 04/22/2026 | Date of the RSU grant transaction. |
| 04/24/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Clean Energy Fuels, CLNE, Form 4, Insider Trading, Restricted Stock Units, Director Compensation
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