Form 4: Opal Fuels CFO Kazi Hasan Granted Stock Options

Chief Financial Officer of Opal Fuels, Kazi Hasan, was granted stock options to purchase Class A common stock.

Summary

• Kazi Hasan, the Chief Financial Officer of OPAL Fuels Inc., was granted stock options on April 8, 2025.
• The options are granted under the Issuer's 2022 Omnibus Equity Incentive Plan.
• He received two grants: one for 125,000 shares and another for 166,667 shares of Class A common stock, both with an exercise price of $1.53 per share.
• The exercise price was determined by the volume weighted average price of the Issuer's Class A common stock for the five days immediately preceding April 8, 2025.
• The first option for 125,000 shares vests in three equal installments on March 31, 2026, March 31, 2027, and March 31, 2028, contingent on continued service.
• The second option for 166,667 shares vests in two equal installments on March 31, 2026 and March 31, 2027, contingent on continued service.
• Vesting accelerates under certain termination scenarios, including disability, termination without cause, or resignation for good reason within 24 months following a Change in Control, or death.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive as it incentivizes the CFO.

Positives

• The granting of stock options aligns the CFO's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.
• Acceleration of vesting upon certain events provides a level of security for the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the options.

Industry Context

Granting stock options to executives is a common practice in publicly traded companies to incentivize performance and align management's interests with those of shareholders. The terms of the grant, such as the vesting schedule and exercise price, are typical for executive compensation packages.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in publicly traded companies, including those in the renewable energy sector.
• Companies like Clean Energy Fuels Corp. and Renewable Energy Group also utilize stock options as part of their executive compensation plans.
• The vesting schedules and exercise prices are generally aligned with industry norms, aiming to incentivize long-term performance and retention.

Stakeholder Impact

• Shareholders may view the stock option grant positively as it aligns management's interests with the company's long-term success.
• Employees may see this as a positive sign of the company's commitment to its leadership team.

Key Dates

Keywords

stock options, OPAL Fuels, Kazi Hasan, CFO, Form 4, equity incentive plan, vesting, Class A common stock