Eckel Jeffrey 4
4 · HA Sustainable Infrastructure Capital, Inc. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
HASI Director Jeffrey Eckel Sells 134,398 Shares
What Happened
- Jeffrey W. Eckel, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), sold a total of 134,398 shares in open-market transactions on February 17, 2026. The filings report two dispositions: 124,998 shares at a weighted average price of $39.22 for $4,902,422 and 9,400 shares at a weighted average price of $39.34 for $369,796 — total proceeds ≈ $5,272,218. These were sales (S), not purchases.
Key Details
- Transaction date: February 17, 2026 (filed same day).
- Reported weighted-average prices: $39.22 (124,998 shares) and $39.34 (9,400 shares).
- Reported price ranges: first block sold in multiple trades at $38.80–$39.80 (see F1); second block at $39.26–$39.46 (see F3).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: some shares are held in a revocable trust and other holdings are disclosed as held by spouse or as custodian for a minor (see F2, F4, F5). The filing also discloses interests in LTIP/OP Units and conversion/redemption mechanics via HoldCo LLC (see F6–F9). Footnotes clarify weighted-average pricing and that sales occurred in multiple trades.
- Filing timeliness: Filed Feb 17, 2026 (same day), so not reported late.
Context
- These were open-market sales (routine dispositions), which do not by themselves indicate the insider’s view of the company’s prospects. Purchases generally carry more weight as a bullish signal; sales can reflect diversification, tax, or personal needs. For details on the holdings tied to trusts, spouse, custodian status, or LTIP conversion mechanics, consult the full Form 4 filing (accession 0001561894-26-000013).
Insider Transaction Report
Form 4
Eckel Jeffrey
Director
Transactions
- Sale
Common stock, par value $0.01 per share
[F1][F2]2026-02-17$39.22/sh−124,998$4,902,422→ 330,171 total(indirect: By Trust) - Sale
Common stock, par value $0.01 per share
[F3][F4]2026-02-17$39.34/sh−9,400$369,796→ 9,050 total(indirect: By Spouse)
Holdings
- 19,162
Common stock, par value $0.01 per share
- 2,887(indirect: By grandson)
Common stock, par value $0.01 per share
[F5] - 754,627(indirect: By LLC)
LTIP Units
[F6][F7][F8][F9]→ Common stock, par value $0.01 per share (754,627 underlying)
Footnotes (9)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.80 to $39.80, inclusive, on February 17, 2026. The reporting person undertakes to provide HA Sustainable Infrastructure Capital, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F2]These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.26 to $39.46, inclusive, on February 17, 2026. The reporting person undertakes to provide HA Sustainable Infrastructure Capital, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]These shares are held by the reporting person's spouse. The reporting person disclaims ownership other than to the extent of his pecuniary interest.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]N/A
- [F9]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.
Signature
/s/ Jeffrey Eckel|2026-02-17