Form 4: OPAL Fuels Executive Adam Comora's Stock Transactions

Sentiment:

Statement of Changes in Beneficial Ownership 2 April 2026 4:36 PM

Adam Comora, Co-Chief Executive Officer of OPAL Fuels Inc., reported significant transactions involving restricted stock units and stock options on March 31, 2026.

Summary

Adam Comora, Co-Chief Executive Officer of OPAL Fuels Inc., engaged in several stock transactions on March 31, 2026.
These transactions primarily involved the settlement of restricted stock units (RSUs) and the grant of new RSUs and stock options.
A total of 35,868 RSUs vested and settled, with 12,930 shares withheld for tax purposes at $2.52 per share.
Additional RSUs vested and settled include 67,204, 163,143, and 23,243 units.
New RSUs were granted, totaling 405,729 units.
A stock option to purchase 226,640 shares at $2.52 per share was also granted, with vesting scheduled over three years.
The transactions reflect the ongoing equity incentive program for key executives.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine executive stock transactions and compensation adjustments rather than significant financial performance or strategic shifts.

Positives

Vesting of restricted stock units indicates continued vesting of executive compensation, aligning executive interests with the company.
Grant of new restricted stock units and stock options suggests management's ongoing commitment and incentive for future performance.
The stock option exercise price of $2.52 is based on the volume-weighted average price, indicating a fair market valuation at the time of grant.

Negatives

A portion of the settled RSUs (12,930 shares) were withheld for tax purposes, representing a cost to the executive.
The filing details a significant number of equity awards, which could lead to future dilution for existing shareholders if fully exercised or settled.

Risks

Future vesting of RSUs and stock options could lead to dilution of existing shareholder equity.
The value of the granted stock options is subject to market fluctuations and the company's future stock performance.

Future Outlook

The filing does not contain forward-looking financial statements or guidance. It primarily details past transactions related to executive equity compensation.

Industry Context

StockSavvy.ai notes that the reporting of equity awards and settlements by executives is a standard practice for companies utilizing incentive-based compensation plans, common in the energy and fuel sector.

Stakeholder Impact

Shareholders: Potential for future dilution as equity awards vest and are settled or options are exercised. The value of these awards is tied to the company's stock performance.
Employees: The filing highlights the company's use of equity-based compensation, which can be a motivator for other employees as well.
Management: Adam Comora's beneficial ownership of OPAL Fuels Inc. stock is directly impacted by these transactions.

Next Steps

Continued vesting of restricted stock units and stock options over the next several years.
Potential exercise of stock options by Adam Comora as they become vested.
Ongoing reporting of insider transactions as required by SEC regulations.

Key Dates

Date	Description
03/31/2023	Grant date for initial RSUs (107,605 units) and PRSUs.
03/31/2024	Grant date for additional RSUs (201,613 units).
03/31/2025	Grant date for further RSUs (489,429 units).
03/31/2026	Date of reported transactions, including settlement of RSUs, withholding for taxes, grant of new RSUs, and grant of stock options.
03/31/2026	Earliest transaction date reported.
03/31/2026	Vesting date for a portion of RSUs granted on March 31, 2023.
03/31/2026	Vesting date for a portion of RSUs granted on March 31, 2024.
03/31/2026	Vesting date for a portion of RSUs granted on March 31, 2025.
03/31/2026	Grant date for new RSUs (405,729 units).
03/31/2026	Grant date for stock options (226,640 units).
03/31/2027	First vesting date for RSUs granted on March 31, 2026.
03/31/2027	First vesting date for stock options granted on March 31, 2026.
03/31/2028	Second vesting date for RSUs granted on March 31, 2026.
03/31/2028	Second vesting date for stock options granted on March 31, 2026.
03/31/2029	Third vesting date for RSUs granted on March 31, 2026.
03/31/2029	Third vesting date for stock options granted on March 31, 2026.
03/31/2036	Expiration date for stock options granted on March 31, 2026.
04/02/2026	Date of filing signature.

Keywords

OPAL Fuels, Adam Comora, Form 4, SEC Filing, Stock Options, Restricted Stock Units, Executive Compensation, Insider Trading, Equity Awards, Vesting, OPAL

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