Schulte Laura Ann 4

What Happened
Laura Ann Schulte, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), was reported to have been granted/acquired 3,553 shares (transaction code A) on June 3, 2026 at an acquisition price of $0.00. The reported award is a derivative grant tied to long-term incentive plan units in the Partnership and does not show a cash purchase or sale value on the Form 4.

Key Details

• Transaction date and filing: Grant dated 2026-06-03; Form 4 filed 2026-06-05 (timely filing).
• Amount and price: 3,553 shares granted at $0.00 (derivative award).
• Shares owned after transaction: Not disclosed in the Form 4.
• Notable footnotes:
  • F1/F2: The award is linked to LTIP Units in Hannon Armstrong Sustainable Infrastructure, LP that, once vested and achieving parity, can convert one-for-one into OP Units; upon conversion the holder may 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 common stock, subject to the Partnership Agreement and adjustments.
• Exhibit: Power of Attorney (Exhibit 24.1) dated April 30, 2026 was included.

Context
This is a compensation-type derivative award (LTIP-related), not an open-market purchase or sale. Such grants are common as long-term incentive compensation and do not by themselves indicate an insider buying or selling for investment reasons. The award’s ultimate economic settlement depends on vesting, conversion conditions, and redemption or stock-delivery provisions in the Partnership Agreement.