Frabotta Bartolomeo A. 4
Research Summary
AI-generated summary
Clean Energy (CLNE) COO Bartolomeo Frabotta Receives Award
What Happened
Bartolomeo Frabotta, Chief Operating Officer of Clean Energy Fuels Corp. (CLNE), received an award of 50,000 restricted stock units (RSUs) on 2026-06-23. The filing reports an acquisition price of $0 for the award (code A). Each RSU represents a contingent right to one share upon vesting; this is a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-23; Form 4 filed 2026-06-24 (appears timely).
- Grant: 50,000 RSUs; reported acquisition price $0.
- Vesting schedule (per filing): 34% on the first anniversary of the grant, 33% on the second anniversary, and 33% on the third anniversary.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 explains each RSU converts to one share upon vesting; F2 gives the three-year vesting breakdown.
- Transaction code: A = Award/Grant of equity compensation.
Context
RSUs are a form of equity compensation that only convert to shares when they vest; they do not represent immediately tradable stock and therefore are not a direct market buy or sell. The $0 acquisition price shown on the Form 4 is standard for RSU grants (the value is typically recognized for accounting and tax purposes, but the filing shows no cash paid by the insider). This filing is informational about compensation and does not by itself indicate the insider’s view on the company’s stock.