Form 4: Director Stephen Scully Transfers CLNE Shares to Trust

Clean Energy Fuels Corp. director Stephen Scully reported a transfer of 67,839 shares of common stock to a family trust.

Summary

• Director Stephen Scully received an award of 67,839 restricted stock units (RSUs) on June 10, 2026.
• The RSUs are set to vest fully on the first anniversary of the grant date.
• Following the grant, the director gifted the 67,839 RSUs to a family trust.
• The transaction resulted in the director holding 335,244 shares indirectly through the family trust, with zero shares held directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing related to personal estate planning rather than a signal of company performance.

Positives

• The director maintains a significant economic interest in the company through the family trust holding 335,244 shares.

Negatives

• The director reduced his direct ownership of common stock to zero.

Risks

• Future vesting of RSUs is subject to the terms of the equity incentive plan.

Future Outlook

The RSUs granted are scheduled to vest in full on June 10, 2027.

Management Comments

• The transaction represents a standard estate planning or asset management move by a director.

Industry Context

StockSavvy.ai notes that insider transactions involving transfers to family trusts are common corporate governance practices and generally do not signal a change in sentiment regarding the company's operational performance.

Comparison to Industry Standards

• The transfer of equity to a family trust is a standard practice among corporate directors for estate planning purposes.
• The RSU grant aligns with typical director compensation structures in the energy sector.

Related Party Transactions

• Transfer of 67,839 RSUs to a family trust controlled by the director.

Stakeholder Impact

• Minimal impact on shareholders as the director's total beneficial ownership remains unchanged.

Next Steps

• Vesting of the 67,839 RSUs on June 10, 2027.

Key Dates

Keywords

Clean Energy Fuels, CLNE, Insider Trading, Form 4, Director Ownership, Restricted Stock Units