Form 4: Clear Secure Executive Kyle McLaughlin Reports Stock Vesting and Tax Withholding

EVP of Aviation at Clear Secure, Kyle McLaughlin, reports the vesting of restricted stock units and associated tax withholding on September 1, 2024.

Summary

• On September 1, 2024, Kyle McLaughlin, EVP of Aviation at Clear Secure, reported the vesting of 9,191 Class A Common Stock restricted stock units (RSUs).
• A portion of these RSUs were automatically withheld to satisfy tax obligations.
• Specifically, 3,314 shares were withheld at a price of $30.39 per share.
• Following these transactions, McLaughlin directly owns 9,903 shares of Class A Common Stock and 18,383 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to executive compensation, with no particularly positive or negative implications.

Positives

• The vesting of RSUs is part of a pre-determined schedule, indicating a structured compensation plan.

Future Outlook

The remaining RSUs will vest in equal installments on September 1, 2025, and September 1, 2026, subject to continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.

Key Dates