0001104659-24-027584.txt : 20240226
0001104659-24-027584.hdr.sgml : 20240226
20240226170334
ACCESSION NUMBER: 0001104659-24-027584
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240222
FILED AS OF DATE: 20240226
DATE AS OF CHANGE: 20240226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hinds Brent
CENTRAL INDEX KEY: 0001888082
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35521
FILM NUMBER: 24680003
MAIL ADDRESS:
STREET 1: 12870 INTERURBAN AVENUE SOUTH
CITY: SEATTLE
STATE: WA
ZIP: 98168
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ClearSign Technologies Corp
CENTRAL INDEX KEY: 0001434524
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 8023 E. 63RD PLACE, SUITE 101
CITY: TULSA
STATE: OK
ZIP: 74133
BUSINESS PHONE: (918) 236-6461
MAIL ADDRESS:
STREET 1: 8023 E. 63RD PLACE, SUITE 101
CITY: TULSA
STATE: OK
ZIP: 74133
FORMER COMPANY:
FORMER CONFORMED NAME: CLEARSIGN COMBUSTION CORP
DATE OF NAME CHANGE: 20080507
4
1
tm247292-3_4seq1.xml
OWNERSHIP DOCUMENT
X0508
4
2024-02-22
0
0001434524
ClearSign Technologies Corp
CLIR
0001888082
Hinds Brent
8023 E. 63RD PLACE, SUITE 101
TULSA
OK
74133
0
1
0
0
Chief Financial Officer
0
Common Stock
2024-02-22
4
A
0
45075
0
A
88951
D
Common Stock
2024-02-22
4
F
0
16520
1.06
D
72431
D
Restricted Stock Unit
2024-02-22
4
A
0
7547
0
A
Common Stock
7547
7547
D
Restricted Stock Unit
2024-02-22
4
A
0
2627
0
A
Common Stock
2627
2627
D
Represents a one-time bonus grant to the reporting person for services as an executive officer for the year ended December 31, 2023. The number of shares awarded is based on the closing price of the Company's common stock on February 22, 2024 of $1.06.
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 22, 2024 based on the closing price of the Company's common stock on February 22, 2024 of $1.06.
Represents a one-time bonus restricted stock unit ("RSUs") grant to reporting person for services as an executive officer for the year ended December 31, 2023, and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
The RSUs granted on February 22, 2024 vest in three equal installments commencing on the first anniversary of the grant date.
Represents a one-time bonus performance-based RSU ("PRSUs") grant to the reporting person, and each PRSU represents a right to receive one share of common stock or the cash equivalent thereof.
The PRSUs granted on February 22, 2024 will fully vest upon the achievement of certain performance targets established by the Company's compensation committee of the board of directors for the year ending December 31, 2024. If the reporting person does not achieve the established performance targets, which will be measured over the year ending December 31, 2024, the PRSUs will not vest and will be forfeited.
/s/ Brent Hinds
2024-02-26