Schlegel Jonathan 4

What Happened

• Jonathan Schlegel, Chief Security Officer of Clear Secure, received equity awards on March 10, 2026: 14,933 restricted stock units (RSUs) and 7,466 performance-based RSUs (PSUs), reported as derivative awards at $0.00 (no cash paid). The two grants total 22,399 award units on the filing. RSUs convert to shares upon vesting; PSUs are contingent on performance and may pay out at a higher number if performance targets are met.

Key Details

• Transaction date: 2026-03-10; Transaction code: A (award/grant); reported price: $0.00.
• Award amounts: 14,933 RSUs (F1) and 7,466 PSUs (F2); combined = 22,399 units.
• Vesting: RSUs vest in equal annual installments on Mar 10, 2027, 2028 and 2029 (subject to continued service). PSUs cliff vest on Mar 10, 2029 after a three‑year performance period ending Dec 31, 2028 (reported at the minimum shares that can be earned; actual payout may be higher based on performance).
• Shares owned after transaction: not specified in the information provided in this summary.
• Filing: Form 4 filed 2026-03-12 for the Mar 10, 2026 grants (filed promptly, not marked late).
• Nature: These are awards (derivative grants), not open‑market purchases or sales.

Context

• RSUs and PSUs are common compensation/retention tools; they do not immediately change public float until they vest and convert to shares. PSUs are performance-contingent, so final share delivery may differ from the initial grant amount.
• For retail investors: awards signal company compensation policy and potential future dilution if/when awards vest and convert, but they are not direct bullish or bearish trades by the insider at time of grant.