Form 4: Opal Fuels Inc. General Counsel John Coghlin Granted Stock Options

John Coghlin, General Counsel of Opal Fuels Inc., was granted stock options to purchase 111,112 shares of Class A common stock on April 8, 2025.

Summary

• On April 8, 2025, John Coghlin, the General Counsel of Opal Fuels Inc., was granted stock options for 111,112 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 company's Class A common stock for the five days preceding the grant date.
• The options vest in three equal installments on March 31, 2026, March 31, 2027, and March 31, 2028, contingent upon Coghlin's continued service to the company.
• In the event of termination due to disability or without cause, the options will vest for the number of shares that would have vested on the next vesting date.
• Full acceleration of vesting occurs upon termination without cause or resignation for good reason within 24 months following a Change in Control, or upon the Reporting Person's death.
• The options expire on March 31, 2035.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The granting of stock options aligns the General Counsel's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.
• Acceleration provisions provide protection in the event of termination or a change in control.

Future Outlook

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

Industry Context

Granting stock options to executives is a common practice in the industry to incentivize performance and align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages across various industries, including renewable energy.
• The vesting schedule of three years is typical for such grants.
• The specific terms, such as the exercise price and acceleration clauses, are tailored to the individual executive and the company's circumstances.

Stakeholder Impact

• Shareholders may view the stock option grant as a positive incentive for the General Counsel to contribute to the company's success.
• Employees may see this as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

stock options, Opal Fuels Inc., John Coghlin, General Counsel, equity incentive plan, vesting, Form 4, beneficial ownership