Form 4: Clear Secure Inc. Executive Kenneth L. Cornick Reports Stock Award Vesting
SEC Form 4 Filing
Kenneth L. Cornick, President & CFO of Clear Secure, Inc., reports the vesting of restricted stock units and subsequent issuance of Class A Common Stock on March 1, 2025.
Summary
- On March 1, 2025, Kenneth L. Cornick, the President & CFO of Clear Secure, Inc., had 64,935 restricted stock units (RSUs) vest.
- Upon vesting, these RSUs were converted into 64,935 shares of Class A Common Stock.
- Following the transaction, Cornick directly owns 64,935 shares of Class A Common Stock and 129,870 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Positives
- The vesting of RSUs indicates that performance milestones or time-based vesting requirements have been met.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: vesting of restricted stock units and issuance of Class A Common Stock |
| 03/03/2025 | Date of signature by Attorney-in-Fact |
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