Form 4: Opal Fuels Co-CEO Adam Comora Granted Stock Options
SEC Form 4 Filing
Adam Comora, Co-Chief Executive Officer of OPAL Fuels Inc., was granted stock options to purchase 277,778 shares of Class A common stock on April 8, 2025.
Summary
- Adam Comora, Co-Chief Executive Officer of OPAL Fuels Inc., was granted stock options on April 8, 2025.
- The options allow him to purchase 277,778 shares of Class A common stock at an exercise price of $1.53 per share.
- The options vest in three equal installments on March 31, 2026, March 31, 2027, and March 31, 2028, contingent upon continued service to the Issuer.
- Vesting accelerates under certain termination scenarios, including termination due to disability, termination without cause, 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 terms are fairly standard, suggesting a neutral to slightly positive outlook.
Positives
- The granting of stock options aligns the Co-CEO's interests with those of the shareholders.
- The vesting schedule incentivizes continued service and commitment to the company's long-term success.
- Acceleration of vesting under certain circumstances provides security and encourages continued dedication.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the options.
Industry Context
Stock option grants are a common practice in the industry to incentivize and retain key executives, aligning their interests with the company's performance and shareholder value.
Comparison to Industry Standards
- Stock option grants are a standard component of executive compensation packages in the renewable energy sector.
- Companies like Clean Energy Fuels Corp. and Renewable Energy Group also utilize stock options to incentivize their leadership teams.
- The vesting schedule and terms of acceleration are generally consistent with industry norms, designed to retain talent and align interests with long-term company performance.
Stakeholder Impact
- Shareholders may view the stock option grant as a positive incentive for the Co-CEO to drive company performance.
- Employees may see this as a sign of confidence in the company's leadership and future prospects.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of the stock option grant. |
| 03/31/2026 | First vesting date for one-third of the options. |
| 03/31/2027 | Second vesting date for one-third of the options. |
| 03/31/2028 | Third vesting date for the final one-third of the options. |
| 03/31/2035 | Expiration date of the stock options. |
| 04/10/2025 | Date of the form filing. |
Keywords
stock options, OPAL Fuels, Adam Comora, executive compensation, Class A common stock, vesting, Co-CEO
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