4//SEC Filing
Pangburn Marc T. 4
Accession 0001561894-24-000034
CIK 0001561894other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 8:23 AM ET
Size
8.3 KB
Accession
0001561894-24-000034
Insider Transaction Report
Form 4
Pangburn Marc T.
Chief Rev And Strategy Officer
Transactions
- Award
LTIP Units
2024-03-01+73,500→ 179,124 total(indirect: By LLC)→ Common stock, par value $0.01 per share (73,500 underlying)
Holdings
- 53,291
Common stock, par value $0.01 per share
Footnotes (5)
- [F1]179,124 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 179,124 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan, as amended, and the Issuer's 2022 Equity Incentive Plan.
- [F2]Vested LTIP Units, after achieving parity with OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")), are eligible to be converted into OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement. 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
- [F4]Previously included in this total were 10,000 LTIP Units which did not vest, as certain performance targets for the performance period ended December 31, 2023 were not met.
- [F5]These LTIP Units are held by HASI Management HoldCo LLC ("HoldCo LLC"). The Reporting Person is a member of HoldCo LLC. The LTIP Units reported represent only the number of LTIP Units in which the Reporting Person has a pecuniary interest in accordance with his proportionate interest in HoldCo LLC. The Reporting Person is voluntarily reporting his proportionate interest in HoldCo LLC's ownership of LTIP Units. The Reporting Person disclaims beneficial ownership other than to the extent of his pecuniary interest.
Documents
Issuer
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
CIK 0001561894
Entity typeother
Related Parties
1- filerCIK 0001839282
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 8:23 AM ET
- Size
- 8.3 KB