Reed Kimberly A. 4
4 · HA Sustainable Infrastructure Capital, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
HASI Director Kimberly Reed Receives 3,553 Derivative Shares
What Happened
Kimberly A. Reed, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), was granted 3,553 derivative shares (transaction code A: award/acquisition) on June 3, 2026. The Form 4 reports the shares at $0.00 (no cash paid) because these are derivative interests tied to long‑term incentive plan (LTIP) units rather than an open‑market purchase.
Key Details
- Transaction date and price: 2026-06-03; 3,553 shares @ $0.00 (derivative award).
- Filing date: 2026-06-05 (timely; Form 4s are generally due within two business days).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnotes:
- F1: 18,286 OP Units are issuable upon vesting and conversion of 18,286 LTIP Units in the Partnership.
- F2: Vested LTIP Units can convert one-for-one into Partnership OP Units; upon conversion the holder can cause the Partnership to redeem OP Units for cash equal to the market value of equivalent HASI common shares or, at the issuer’s option, receive HASI shares on a one-for-one basis (subject to adjustments).
- F3: N/A.
- Remarks: Exhibit 24.1 Power of Attorney dated April 30, 2026.
Context
This was an equity award tied to the Partnership’s LTIP structure and not a cash purchase or sale. Derivative awards like these give the holder future economic exposure (via conversion/redemption mechanics) but do not necessarily reflect an immediate buy or sell decision in the open market. No indication of a sale or cashless exercise was included in the filing.
Insider Transaction Report
- Award
LTIP Units
[F1][F2][F3]2026-06-03+3,553→ 18,286 total→ Common stock, par value $0.01 per share (3,553 underlying)
Footnotes (3)
- [F1]18,286 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 18,286 long-term incentive plan units ("LTIP Units") in the Partnership.
- [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 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.
- [F3]N/A