Welch Barry Edward 4
4 · HA Sustainable Infrastructure Capital, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
HASI Director Barry Welch Receives 3,553-Share Award
What Happened Barry Edward Welch, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), was granted 3,553 shares on 2026-06-03 as an award/derivative (price reported $0.00; no cash paid). The Form 4 reports this as an award/acquisition of derivative securities rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-03; Form 4 filed 2026-06-05 (appears timely).
- Shares granted: 3,553 shares; reported price $0.00 (award/derivative), total cash exchanged $0.
- Post-transaction holdings: not specified in the excerpt provided.
- Relevant footnotes:
- F1: 8,719 OP Units in Hannon Armstrong Sustainable Infrastructure, LP are issuable upon vesting/conversion of 8,719 LTIP Units.
- F2: Vested LTIP Units can convert one-for-one into OP Units; upon conversion the holder may elect redemption for cash equal to market value or receive HASI common shares one-for-one (subject to the Partnership Agreement and adjustments).
- Exhibit: Power of Attorney dated April 30, 2026 (Ex. 24.1) attached to the filing.
Context This was a grant/award of derivative securities tied to long-term incentive plan units and potential conversion into partnership OP Units (and ultimately cash or HASI shares upon redemption), not a market purchase or sale. Such awards are routine compensation/long-term incentive mechanisms and do not by themselves indicate a buy or sell signal.
Insider Transaction Report
- Award
LTIP Units
[F1][F2][F3]2026-06-03+3,553→ 8,719 total→ Common stock, par value $0.01 per share (3,553 underlying)
Footnotes (3)
- [F1]8,719 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 8,719 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