Clean Energy Fuels Corp.: appoints new chief financial officer

What happened

• Clean Energy Fuels Corp. announced that it agreed with Robert M. Vreeland that he would depart as chief financial officer and that Jason J. Armstrong has been appointed as the company’s new chief financial officer, succeeding Mr. Vreeland effective Oct 6, 2026.
• The filing states Mr. Armstrong will also serve as the company’s principal financial officer and principal accounting officer and that he entered into an employment agreement effective as of the Transition Date.

Key details

• Mr. Armstrong’s initial employment term ends Oct 6, 2029 and will automatically renew for one-year terms unless notice of non-renewal is given at least 60 days before term end.
• Base salary of $500,000 and eligibility for an annual bonus of up to 100% of base salary, with targets set by the compensation committee.
• Incremental equity grant of 35,000 time-vesting restricted stock units, vesting in three substantially equal annual installments starting on the first anniversary of the Transition Date.
• Severance: if terminated without cause or for good reason, lump sum equal to 150% of then-current base salary plus 150% of prior year actual bonus (225% multiples apply if termination occurs within six months before or one year after a change in control), continued benefits for one year, and acceleration of equity (performance awards vest at target).

Why it may matter

• This Form 8-K reports an officer transition under Item 5.02 (departure of directors or certain officers) and a Regulation FD press release under Item 7.01.
• This filing does not show why the insider traded or why the company acted.