Form 4: ClearSign Technologies Director de Lacy Receives Stock Units as Compensation
SEC Form 4 Filing
Director Catharine de Lacy receives restricted stock units (RSUs) as compensation for services as a non-executive director.
Summary
- Catharine de Lacy, a director of ClearSign Technologies Corp, received 24,857 restricted stock units (RSUs) on April 1, 2025, as compensation for her services as a non-executive director.
- These RSUs were granted under the ClearSign Technologies Corporation 2021 Equity Incentive Plan.
- Each RSU represents the right to receive one share of common stock or the cash equivalent.
- The RSUs will vest upon a change in control, disability, death, or separation from service.
- Following this transaction, de Lacy beneficially owns 186,782 shares of common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral positive.
Positives
- The grant of RSUs aligns the director's interests with those of the shareholders.
- The vesting conditions provide an incentive for continued service and commitment to the company.
Industry Context
This type of equity compensation is common for non-executive directors to align their interests with the long-term success of the company.
Comparison to Industry Standards
- Equity compensation for non-executive directors is a standard practice across many industries.
- The amount of RSUs granted would need to be compared to similar companies in the clean technology sector to determine if it is within the typical range.
- Companies like FuelCell Energy or Ballard Power Systems could be considered for comparison of director compensation packages.
Stakeholder Impact
- Shareholders may view this as a positive as it aligns the director's interests with the company's performance.
- Employees may see this as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of the transaction: Grant of restricted stock units. |
| 04/02/2025 | Date of signature of the Form 4 filing. |
| June 30, 2025 | End of the quarter for which the RSUs are being granted as compensation. |
Keywords
ClearSign Technologies, Director Compensation, Restricted Stock Units, RSUs, Beneficial Ownership, Equity Incentive Plan, Form 4, CLIR
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