Form 4: Clear Secure Inc. Director Acquires Restricted Stock Units
SEC Form 4 Filing
Michael Z. Barkin, a director and President of Clear Secure, Inc., acquired restricted stock units representing a contingent right to receive Class A Common Stock, according to a recent SEC filing.
Summary
- Michael Z. Barkin, a director and President of Clear Secure, Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of restricted stock units (RSUs) representing a contingent right to receive Class A Common Stock.
- On April 1, 2025, Barkin acquired 145,349 RSUs that vest annually on February 27, 2026, 2027, and 2028.
- Additionally, Barkin acquired 193,798 RSUs that vest annually on April 1, 2026, 2027, and 2028.
- The RSUs are subject to continued service with the company.
- The price of each derivative security is $0.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The grant of RSUs to a key executive is a common practice and suggests confidence in the company's future. There are no explicitly negative aspects in the filing.
Positives
- The acquisition of RSUs by a director and President signals confidence in the company's future performance.
- The vesting schedule incentivizes continued service and commitment from the reporting person.
Future Outlook
The vesting schedule of the RSUs suggests an expectation of continued service and contribution from the reporting person over the next three years.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects the company's approach to incentivizing and retaining key personnel.
Stakeholder Impact
- Shareholders may view the RSU grants as a positive sign, aligning management's interests with long-term company performance.
- Employees may see this as a positive indicator of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction for both RSU grants. |
| 02/27/2026 | First vesting date for 145,349 RSUs. |
| 04/01/2026 | First vesting date for 193,798 RSUs. |
| 02/27/2027 | Second vesting date for 145,349 RSUs. |
| 04/01/2027 | Second vesting date for 193,798 RSUs. |
| 02/27/2028 | Final vesting date for 145,349 RSUs. |
| 04/01/2028 | Final vesting date for 193,798 RSUs. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Clear Secure Inc., Restricted Stock Units, RSUs, Beneficial Ownership, Michael Z. Barkin, Director, President, Class A Common Stock, Equity Securities
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