Form 4: Clear Secure, Inc. Executive Jonathan Schlegel Reports Acquisition of Restricted Stock Units

Jonathan Schlegel, Chief Security Officer of Clear Secure, Inc., reports the acquisition of restricted stock units and performance restricted stock units.

Summary

• On February 27, 2025, Jonathan Schlegel, Chief Security Officer of Clear Secure, Inc., acquired 22,173 restricted stock units (RSUs) and 11,087 performance restricted stock units (PSUs).
• The RSUs will vest in equal annual installments on February 27, 2026, 2027, and 2028, contingent upon continued service.
• The PSUs will cliff vest on February 27, 2028, following performance determination at the end of a three-year period ending December 31, 2027, also subject to continued service.
• The amount of PSUs that ultimately vests may be greater than the reported amount, based on actual performance.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs and PSUs aligns executive compensation with the long-term performance of Clear Secure, Inc.
• The vesting schedules incentivize continued service and achievement of performance goals.

Risks

• The value of the RSUs and PSUs is dependent on the future stock price of Clear Secure, Inc.
• Failure to meet performance goals could result in fewer PSUs vesting.

Future Outlook

The vesting of RSUs and PSUs is contingent upon continued service and, in the case of PSUs, the achievement of performance goals over a three-year period.

Industry Context

Granting stock-based compensation is a common practice in the technology industry to attract, retain, and incentivize key executives.

Stakeholder Impact

• Shareholders may view the grant of RSUs and PSUs positively as it aligns executive interests with long-term company performance.
• Employees may be motivated by the potential for similar compensation structures.

Key Dates