0001932698-23-000002.txt : 20230404
0001932698-23-000002.hdr.sgml : 20230404
20230404164243
ACCESSION NUMBER: 0001932698-23-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230331
FILED AS OF DATE: 20230404
DATE AS OF CHANGE: 20230404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Unger David C
CENTRAL INDEX KEY: 0001932698
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40272
FILM NUMBER: 23798559
MAIL ADDRESS:
STREET 1: ONE NORTH LEXINGTON AVENUE, 14TH FLOOR
CITY: WHITE PLAINS
STATE: NY
ZIP: 10601
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OPAL Fuels Inc.
CENTRAL INDEX KEY: 0001842279
STANDARD INDUSTRIAL CLASSIFICATION: GAS & OTHER SERVICES COMBINED [4932]
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 200 CLARENDON STREET, 55TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
BUSINESS PHONE: 617-531-6300
MAIL ADDRESS:
STREET 1: 200 CLARENDON STREET, 55TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
FORMER COMPANY:
FORMER CONFORMED NAME: ArcLight Clean Transition Corp. II
DATE OF NAME CHANGE: 20210125
4
1
wf-form4_168064094272282.xml
FORM 4
X0407
4
2023-03-31
0
0001842279
OPAL Fuels Inc.
OPAL
0001932698
Unger David C
ONE NORTH LEXINGTON AVE, 14TH FLOOR
WHITE PLAINS
NY
10601
0
1
0
0
Executive Vice President
0
Stock options (right to buy)
6.97
2023-03-31
4
A
0
14259
0
A
2033-03-31
Class A common stock
14259.0
14259
D
Restricted Stock Units
2023-03-31
4
A
0
242110
0
A
Class A common stock
242110.0
252110
D
Granted pursuant to the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan").
The Reporting Person was granted an option to purchase shares of the Issuer's Class A common stock (the "Option") at an exercise price of $6.97 per share, which was the closing price per share of the Issuer's Class A common stock on March 31, 2023, as quoted on the Nasdaq Stock Market. The Option vests in three (3) equal installments on each of the following dates: (i) March 31, 2024, (ii) March 31, 2025, and (iii) March 31, 2026, provided, that the Reporting Person continues to provide services to the Issuer through the applicable vesting date.
In the event that the Reporting Person's employment is terminated by reason of the Reporting Person's disability or termination without cause, the Options shall vest with respect to the number of shares of Class A common stock that would have vested upon the next vesting date following such termination, had the Reporting Person remained an employee.
Notwithstanding the foregoing, upon the occurrence of a termination of employment by reason of the Reporting Person's (i) termination without cause; or (ii) resignation for good reason, in connection with or within the 24 months following the consummation of a Change in Control (as defined in the Plan and the relevant award agreement), any unvested portion of the Option shall accelerate and vest in full.
Upon the occurrence of a termination by reason of the Reporting Person's death, any unvested portion of the Option shall accelerate and vest in full.
Each restricted stock unit represents the contingent right to receive, at settlement, one share of the Issuer's Class A common stock.
The restricted stock units vest in three equal installments on March 31, 2024, March 31, 2025 and March 31, 2026, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date.
In the event that the Reporting Persons employment is terminated by reason of the Reporting Person's disability or termination without cause, the restricted stock units (the RSUs) shall vest with respect to the number of RSUs that would have vested upon the next vesting date following such termination had the Reporting Person remained an employee.
Notwithstanding the foregoing, upon the occurrence of a termination of employment by reason of the Reporting Persons (i) termination without cause; or (ii) resignation for good reason, in connection with or within the 24 months following the consummation of a Change in Control (as defined in the Plan and the relevant award agreement), any unvested portion of the RSUs shall accelerate and vest in full.
Upon the occurrence of a termination by reason of the Reporting Persons death, any unvested portion of the RSUs shall accelerate and vest in full.
/s/ John Coghlin as Attorney-in-Fact
2023-04-04