Hinds Brent 4
4 · ClearSign Technologies Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
ClearSign (CLIR) CFO Brent Hinds Receives Award; Withholds Shares
What Happened Brent Hinds, Chief Financial Officer of ClearSign Technologies Corp. (CLIR), received a one-time bonus award on February 26, 2026 consisting of 56,645 shares of common stock (awarded at $0.00) and 47,009 restricted stock units (RSUs). To satisfy withholding for taxes on the award, 20,761 shares were withheld/disposed at approximately $0.5616 per share (reported as $0.56), resulting in cash value withheld of about $11,659. The awards were granted as executive compensation for the 2025 year upon achievement of performance targets.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely within 2 business days).
- Grants: 56,645 shares (award, code A) and 47,009 RSUs (derivative award, code A); both reported as $0.00 acquisition price.
- Tax withholding (code F): 20,761 shares disposed at ~$0.5616/share; proceeds ~= $11,659.
- RSU terms: Each RSU represents a right to one share (or cash equivalent); RSUs vest in three equal installments beginning on the first anniversary of the grant.
- Shares owned after the transactions: not specified in the provided filing excerpts.
- Footnotes: award and RSU amounts were based on the Feb 26, 2026 closing price ($0.5616); the withholding reflects payment of the reporting person’s tax liability.
Context This is primarily a compensation award (not a market purchase). The withholding of shares to cover taxes is a routine disposition common when companies issue stock compensation; it does not by itself indicate buying or selling intent in the open market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+56,645→ 191,585 total - Tax Payment
Common Stock
[F2]2026-02-26$0.56/sh−20,761$11,659→ 170,824 total - Award
Restricted Stock Unit
[F3][F4]2026-02-26+47,009→ 47,009 total→ Common Stock (47,009 underlying)
Footnotes (4)
- [F1]Represents a one-time bonus grant to the reporting person for services as an executive officer for the year ended December 31, 2025, upon achievement of certain performance target metrics approved by the human capital and compensation committee of the board of directors. The number of shares awarded is based on the closing price of the Company's common stock on February 26, 2026, of $0.5616.
- [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 26, 2026, based on the closing price of the Company's common stock on February 26, 2026, of $0.5616.
- [F3]Represents a one-time bonus restricted stock units ("RSUs") grant to reporting person for services as an executive officer for the year ended December 31, 2025, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
- [F4]The RSUs granted on February 26, 2026, vest in three equal installments commencing on the first anniversary of the grant date.