Viral Amin A 4
4 · HA Sustainable Infrastructure Capital, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
HA Sustainable Infrastructure (HASI) EVP Viral Amin Sells 679 Shares
What Happened
Viral Amin A, EVP and Chief Risk Officer of HA Sustainable Infrastructure Capital, Inc. (HASI), had 679 shares of common stock withheld by the issuer on March 5, 2026 to satisfy tax withholding obligations related to the vesting of awards. The shares were valued at $36.43 each (closing price on Mar 5, 2026), for a total value of approximately $24,736. This filing reports a tax-withholding disposal (transaction code F), not an open-market sale.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (appears timely).
- Shares withheld/disposed: 679 shares at $36.43 per share; total ≈ $24,736. (See footnote F2 for price.)
- Purpose: Shares withheld by the issuer to satisfy the reporting person’s tax withholding obligation in connection with vesting of 2,039 shares (footnote F1). Transaction code F = tax withholding.
- Related awards: The filing references LTIP Units and potential conversion to OP Units and Issuer common stock (footnotes F3–F4), and that LTIP Units are held through HASI Management HoldCo LLC with the reporting person reporting a pecuniary interest only (F6).
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: Filed one day after the transaction (Mar 6 for a Mar 5 action).
Context
Tax-withholding disposals like this are routine administrative transactions to cover taxes when equity awards vest and do not necessarily reflect buying or selling sentiment by the insider. The filing also notes the reporter’s interest in long-term incentive plan (LTIP) units convertible into partnership units and potentially redeemable for cash or issuer shares per the partnership agreement — these are equity-compensation mechanics rather than open-market trades.
Insider Transaction Report
- Tax Payment
Common stock, par value $0.01 per share
[F1][F2]2026-03-05$36.43/sh−679$24,736→ 4,078 total
- 56,843(indirect: By LLC)
LTIP Units
[F3][F4][F5][F6]→ Common stock, par value $0.01 per share (56,843 underlying)
Footnotes (6)
- [F1]Consists of shares of Common Stock withheld by the issuer, with approval of the issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of 2,039 shares of Common Stock.
- [F2]Represents the closing price of the Common Stock on March 5, 2026.
- [F3]56,843 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 56,843 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2022 Equity Incentive Plan, as amended.
- [F4]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.
- [F5]N/A
- [F6]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.