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Subsequent Events | 3 Months Ended
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Mar. 31, 2026
Subsequent Events [Abstract] |
Subsequent Events | Note 22—Subsequent Events Former President and Chief Executive Officer Transition As previously disclosed in the Current Report on Form 8-K filed by the Company on April 23, 2026, on April 23, 2026, the Company announced that its Board of Directors appointed a new President and Chief Executive Officer (“CEO”), effective April 22, 2026 (the “Separation Date”). The CEO succeeds the Company’s co-founder and former President and Chief Executive Officer (“former CEO”) who transitioned from his executive role to serve the Company as a non-employee consultant as well as continuing to serve on the Company’s Board of Directors. On the Separation Date, the Company entered into a Transition, Consulting and Release Agreement (“Transition Agreement”) with the former CEO, which had the effect of modifying certain vested and unvested equity awards previously made as part of the former CEO’s employment agreement. The Transition Agreement has the effect that these equity awards will remain outstanding and eligible to vest and remain exercisable during the entirety of the former CEO’s continued service as either a consultant to the Company or a member of the Company’s Board of Directors. There was no forfeiture of any outstanding equity awards on the Separation Date. Furthermore, the former CEO received a new grant of restricted stock units under the Company’s Amended and Restated 2024 Performance Incentive Plan (the “Consulting Equity Award”). The Consulting Equity Award has a grant date value equal to $1,000,000 and vests in three equal annual installments on each of the first three anniversaries of the Separation Date, subject to the former CEO’s continued provision of services on each vesting date. The Transition Agreement provides the former CEO with a transition consideration comprising of a bonus for the year ending December 31, 2026 in an amount equivalent to what the former CEO would have received as an annual performance bonus based on the criteria applicable for 2026 (without any pro-ration) had the former CEO remained as the CEO through the end of 2026. This bonus is to be no more than 150% of the former CEO’s 2025 base salary. The Transition Agreement also provides benefits to the former CEO, totaling approximately $0.4 million. The Transition Agreement outlines compensation that the former CEO will receive as a non-employee consultant. The compensation includes a base consulting retainer of $750,000 annually and payments will continue for the three-year consulting term, unless terminated in accordance with the Transition Agreement. Furthermore, the former CEO will be eligible for compensation under the Company’s then-current non-employee director compensation program for so long as the former CEO is serving as a member of the Board of Directors. Maas Energy Works, LLC Joint Development On April 30, 2026, the Company made an additional $12.0 million contribution pursuant to a capital call issued by the Project LLC. Proceeds of the capital calls are to be used to develop and construct ADG RNG projects. ​

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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