Taormina Vincent C 4
Research Summary
AI-generated summary
Clean Energy Fuels (CLNE) Director Vincent Taormina Receives RSU Awards
What Happened
- Vincent C. Taormina, a director of Clean Energy Fuels Corp. (CLNE), received two grants of restricted stock units (RSUs) of 67,839 RSUs each (total 135,678 RSUs) and concurrently gifted 67,839 RSUs on 2026-06-10. Each item is reported at $0.00 in the filing because these are RSU awards/gifts (no cash paid).
- The RSUs are contingent rights to receive shares upon vesting; per the filing, 100% of each RSU grant vests on the first anniversary of the grant date. The gift was a transfer of RSUs for no consideration.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (timely).
- Transactions reported: A = Award/Grant of 67,839 RSUs (twice); G = Gift of 67,839 RSUs. Price per unit reported: $0.00; dollar value shown: $0.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1 = RSUs represent contingent rights to one share each upon vesting; F2 = 100% vests on first anniversary; F3 = gift of RSUs for no consideration.
- No indication of tax withholding, open-market trades, option exercises, or a 10b5-1 plan in this filing.
Context
- RSU awards are not immediate share ownership — they convert to shares only when vested and settled; the announced vesting schedule (100% in one year) is key to when Taormina would actually receive shares.
- Gifts of equity or RSUs are transfers and do not necessarily indicate the insider’s view of the company’s stock; they are not the same as a sale.