DiElsi Gary J. 4
4 · ClearSign Technologies Corp · Filed Aug 25, 2022
Insider Transaction Report
Form 4
DiElsi Gary J.
Director
Transactions
- Award
Restricted Stock Units
2022-08-24+11,067→ 11,067 total→ Common Stock (11,067 underlying)
Footnotes (2)
- [F1]As compensation for services as a non-executive director during the quarter ending September 30, 2022, on August 24, 2022, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan, pro-rated based on an appointment date of August 1, 2022, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
- [F2]The RSUs will vest upon the first to occur of: (1) a Change in Control (as defined in the applicable RSU award agreement), (2) the reporting person's Disability (as defined in the applicable RSU award agreement); (3) the reporting person's death; or (4) the reporting person's separation from service.