Brenner Teresa 4
Research Summary
AI-generated summary
HASI Director Teresa Brenner Receives Award of 3,553 Shares
What Happened
- Teresa Brenner, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), was granted 3,553 shares as an award on June 3, 2026. The grant is reported as a derivative award with an acquisition price of $0.00 (no cash paid).
Key Details
- Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (appears timely — within the 2-business-day reporting window).
- Shares granted: 3,553 (reported as a derivative award, acquisition price $0.00).
- Shares owned after the transaction: Not disclosed in the provided filing extract.
- Notable footnotes:
- F1/F2: The report references 30,787 LTIP units in the related partnership that are convertible into OP Units; converted OP Units can be redeemed for cash equal to the market value of an equivalent number of HASI common shares or, at the issuer’s option, exchanged one-for-one for HASI common stock, subject to the partnership agreement terms.
- F3: N/A.
- Remarks: Exhibit 24.1 — Power of Attorney dated April 30, 2026, is attached.
Context
- This is an award/grant (derivative LTIP-related award), not an open-market purchase or sale. Such awards typically reflect compensation or long-term incentive plan grants; they do not by themselves indicate a purchase or sale decision by the insider.
- The award involves LTIP/partnership conversion mechanics (conversion of LTIP units → OP units → potential redemption for cash or shares), so value realization may occur later when conversion/redemption conditions are satisfied.
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