Form 4: Opal Fuels Director Kevin Michael Fogarty Reports Stock Transactions
SEC Form 4 Filing
Director Kevin Michael Fogarty reports the vesting and settlement of restricted stock units in Opal Fuels Inc. Class A common stock.
Summary
- On March 31, 2024, Kevin Michael Fogarty, a director of OPAL Fuels Inc., reported transactions involving Class A common stock.
- Fogarty settled 19,369 restricted stock units (RSUs), receiving an equivalent number of Class A common stock shares.
- Additionally, Fogarty was granted 27,218 new RSUs, which will vest on March 31, 2025, contingent upon continued service.
- Following these transactions, Fogarty directly owns 29,494 shares of Class A common stock and 46,587 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Positives
- The vesting of RSUs indicates that Fogarty has met certain performance or service requirements, aligning his interests with those of the shareholders.
Future Outlook
The granted RSUs are scheduled to vest on March 31, 2025, contingent upon the Reporting Person's continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of earliest transaction, settlement of 19,369 RSUs, and grant of 27,218 RSUs. |
| 03/31/2025 | Vesting date for the 27,218 RSUs granted on March 31, 2024. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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