Form 4: Clear Secure Officer Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Dennis W. Liu, Chief Accounting Officer of Clear Secure, Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On September 13, 2024, Dennis W. Liu, the Chief Accounting Officer of Clear Secure, Inc., had 18,315 restricted stock units (RSUs) vest.
- These RSUs vested in installments, with 20% vesting on September 13, 2022, 30% vesting on September 13, 2023, and the remaining 50% vesting on September 13, 2024.
- Following the vesting, 6,603 Class A Common Stock shares were automatically withheld to satisfy tax obligations at a price of $30.3.
- After these transactions, Liu directly owns 18,923 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of stock transactions related to executive compensation, which is neither particularly positive nor negative. It provides transparency, which is generally viewed favorably.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 09/13/2022 | 20% of the restricted stock units vested. |
| 09/13/2023 | 30% of the restricted stock units vested. |
| 09/13/2024 | Remaining 50% of the restricted stock units vested; tax withholding occurred. |
| 09/16/2024 | Date of Form 4 signature. |
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