4//SEC Filing
Hinds Brent 4
Accession 0001104659-24-027584
CIK 0001434524other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 5:03 PM ET
Size
12.3 KB
Accession
0001104659-24-027584
Insider Transaction Report
Form 4
Hinds Brent
Chief Financial Officer
Transactions
- Award
Common Stock
2024-02-22+45,075→ 88,951 total - Tax Payment
Common Stock
2024-02-22$1.06/sh−16,520$17,511→ 72,431 total - Award
Restricted Stock Unit
2024-02-22+7,547→ 7,547 total→ Common Stock (7,547 underlying) - Award
Restricted Stock Unit
2024-02-22+2,627→ 2,627 total→ Common Stock (2,627 underlying)
Footnotes (6)
- [F1]Represents a one-time bonus grant to the reporting person for services as an executive officer for the year ended December 31, 2023. The number of shares awarded is based on the closing price of the Company's common stock on February 22, 2024 of $1.06.
- [F2]Represents the payment of the reporting person's tax liability by withholding shares incident to the receipt of the Company's common stock issued on February 22, 2024 based on the closing price of the Company's common stock on February 22, 2024 of $1.06.
- [F3]Represents a one-time bonus restricted stock unit ("RSUs") grant to reporting person for services as an executive officer for the year ended December 31, 2023, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
- [F4]The RSUs granted on February 22, 2024 vest in three equal installments commencing on the first anniversary of the grant date.
- [F5]Represents a one-time bonus performance-based RSU ("PRSUs") grant to the reporting person, and each PRSU represents a right to receive one share of common stock or the cash equivalent thereof.
- [F6]The PRSUs granted on February 22, 2024 will fully vest upon the achievement of certain performance targets established by the Company's compensation committee of the board of directors for the year ending December 31, 2024. If the reporting person does not achieve the established performance targets, which will be measured over the year ending December 31, 2024, the PRSUs will not vest and will be forfeited.
Documents
Issuer
ClearSign Technologies Corp
CIK 0001434524
Entity typeother
Related Parties
1- filerCIK 0001888082
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 5:03 PM ET
- Size
- 12.3 KB