Clean Energy Fuels Corp
6 nominees · 3 ballot items.
Elect six directors; ratify KPMG LLP as the independent registered public accounting firm for 2026; and approve, on an advisory non-binding basis, the compensation of the Company's named executive officers (say-on-pay).
Follow how the vote landed and what changed on Clean Energy Fuels Corp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElect six directors to the Company's Board of Directors to serve one-year terms.
- 2
Ratification of Appointment of Independent Registered Public Accounting Firm
ManagementBoard: FORRatify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.
- 3
Advisory, Non-Binding Vote to Approve Executive Compensation
ManagementBoard: FORAdvisory (non-binding) vote to approve the compensation of the Company's named executive officers as disclosed in the proxy statement (say-on-pay).
More detail
This advisory proposal asks stockholders to approve the Company’s named executive officer compensation as disclosed in the proxy, a non-binding 'say-on-pay' vote required by Dodd-Frank and SEC rules. Management seeks this advisory approval to validate its 2025 compensation program design and to confirm alignment between executive pay and stockholder interests. The 2025 program emphasizes pay-for-performance: annual cash incentives tied to a mix of financial metrics (Adjusted EBITDA, fuel and RNG volumes, fuel margin, and O&M margins) and strategic initiatives, and long-term equity awards composed of time-based RSUs and newly introduced performance stock units (PSUs) tied to stock-price hurdles and negative carbon-intensity dairy gas sales growth. The compensation committee engaged an independent consultant, revised the peer group, reduced target grant values in 2025, and introduced PSUs to strengthen long-term performance alignment, reflecting active stockholder outreach and governance considerations. The Board recommends a "FOR" vote, arguing that the structure attracts and retains talent, rewards achievement of near-term financial goals and long-term strategic objectives, and aligns executives with sustainable RNG growth and share-price improvement. Because the vote is advisory, the Board retains discretion over pay decisions but commits to consider significant adverse stockholder feedback and to engage with investors about potential changes. The proposal sits within the broader context of a CEO transition in 2026, adjustments to incentive metrics for 2026, and the company's emphasis on RNG production growth, making the advisory vote a key governance signal about support for the compensation philosophy and implementation. Investors evaluating the proposal should weigh the mechanics of the metrics (including the mix of quantitative and qualitative strategic goals), the degree of actual payouts in 2025 (which were above target for some executives), and the introduction of PSUs that link pay to both market performance and specific operational growth in low-carbon RNG.
Nominees on the ballot6
Top institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Grantham, Mayo, Van Otterloo Co. LLC | 5.1% | 11,197,933 | $28M |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 3.3% | 7,235,591 | $18M |
| 3 | Global Alpha Capital Management Ltd. | 3.2% | 7,126,817 | $18M |
| 4 | BlackRock, Inc. | 3.0% | 6,629,953 | $16M |
| 5 | BlackRock, Inc. | 3.0% | 6,547,521 | $16M |
| 6 | DIMENSIONAL FUND ADVISORS LP | 2.8% | 6,271,137 | $16M |
| 7 | STATE STREET CORP | 2.7% | 5,841,344 | $14M |
| 8 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.8% | 3,958,189 | $10M |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.7% | 3,741,981 | $9M |
| 10 | D. E. Shaw Co., Inc.Activist | 1.5% | 3,196,781 | $8M |
Other Energy sector meetings6
Upcoming shareholder meetings at Clean Energy Fuels Corp’s closest sector peers — compare boards, ballots, and ownership across the cohort.
Frequently asked questions
- When is the Clean Energy Fuels Corp 2026 annual meeting?
- Clean Energy Fuels Corp (CLNE) holds its 2026 annual shareholder meeting on Wednesday, June 10, 2026.
- What is the record date for the Clean Energy Fuels Corp 2026 meeting?
- The record date for the Clean Energy Fuels Corp 2026 meeting is Thursday, April 16, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Clean Energy Fuels Corp's 2026 meeting?
- The board is presenting 6 director nominees at the Clean Energy Fuels Corp 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Clean Energy Fuels Corp 2026 meeting?
- Shareholders will vote on 3 proposals at the Clean Energy Fuels Corp 2026 meeting, each tagged with who proposed it and the board's recommendation.
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.