Form 4: Opal Fuels Co-CEO Jonathan Maurer Granted Stock Options

Jonathan Gilbert Maurer, 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

• On April 8, 2025, Jonathan Gilbert Maurer, Co-Chief Executive Officer of OPAL Fuels Inc., was granted stock options to purchase 277,778 shares of Class A common stock.
• The exercise price of the options is $1.53 per share, which was the volume weighted average price of the Issuer's Class A common stock for the five days immediately preceding April 8, 2025.
• 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.
• In certain termination scenarios (disability or termination without cause), the options will vest with respect to the number of shares that would have vested upon the next vesting date.
• Upon a change in control or termination due to death, any unvested portion of the option shall accelerate and vest in full.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of stock options is a standard practice and generally viewed favorably as it aligns management's interests with shareholders. The terms of the grant appear reasonable.

Positives

• The granting of stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the executive.
• Acceleration of vesting upon certain events provides security and incentive for the executive.

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 long-term performance of the company.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in the renewable energy sector, similar to practices at companies like Clean Energy Fuels Corp. and Renewable Energy Group.
• The vesting schedule of three years is typical for such grants, aligning with industry norms for incentivizing long-term performance.
• The exercise price being set at the volume-weighted average price is a common practice to ensure fairness and transparency.

Stakeholder Impact

• Shareholders may view the stock option grant positively as it incentivizes the Co-CEO to improve company performance.
• Employees may see this as a positive sign of investment in leadership.

Key Dates

Keywords

OPAL Fuels, stock options, executive compensation, Form 4, Maurer, equity incentive plan, vesting