Brenner Teresa 4
4 · Hannon Armstrong Sustainable Infrastructure Capital, Inc. · Filed Aug 21, 2023
Insider Transaction Report
Form 4
Brenner Teresa
Director
Transactions
- Purchase
Common stock, par value $0.01 per share
2023-08-21$20.83/sh+1,000$20,830→ 12,360 total
Holdings
- 15,942
LTIP Units
→ Common stock, par value $0.01 per share (15,942 underlying)
Footnotes (3)
- [F1]15,942 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 15,942 long-term incentive plan units ("LTIP Units") in the Partnership. Vested LTIP Units, after achieving parity with OP Units, are eligible to be converted into OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")) on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement.
- [F2]Upon conversion of LTIP Units into OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's OP Units for cash in an amount equal to the market value (as defined in the Partnership Agreement) of an equivalent number of shares of common stock, par value $0.01 per share, of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the "Issuer"),or at the Issuer's option, shares of the Issuer's common stock on a one-for-one basis, subject to certain adjustments.
- [F3]N/A