4//SEC Filing
Eckel Jeffrey 4
Accession 0001561894-25-000091
CIK 0001561894other
Filed
Jun 5, 8:00 PM ET
Accepted
Jun 6, 5:06 PM ET
Size
11.1 KB
Accession
0001561894-25-000091
Insider Transaction Report
Form 4
Eckel Jeffrey
DirectorChairman, Dir, President & CEO
Transactions
- Award
LTIP Units
2025-06-04+5,166→ 754,627 total(indirect: By LLC)→ Common stock, par value $0.01 per share (5,166 underlying)
Holdings
- 2,887(indirect: By grandson)
Common stock, par value $0.01 per share
- 18,450(indirect: By Spouse)
Common stock, par value $0.01 per share
- 19,162
Common stock, par value $0.01 per share
- 455,169(indirect: By Trust)
Common stock, par value $0.01 per share
Footnotes (7)
- [F1]These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
- [F2]These shares are held by the reporting person's spouse. The reporting person disclaims ownership other than to the extent of his pecuniary interest.
- [F3]The reporting person acts as custodian for his grandson under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F4]754,627 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 754,627 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.
- [F5]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 HA 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.
- [F6]N/A
- [F7]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
HA Sustainable Infrastructure Capital, Inc.
CIK 0001561894
Entity typeother
Related Parties
1- filerCIK 0001574200
Filing Metadata
- Form type
- 4
- Filed
- Jun 5, 8:00 PM ET
- Accepted
- Jun 6, 5:06 PM ET
- Size
- 11.1 KB