Earnings Feed
Start Free
HA Sustainable Infrastructure Capital, Inc.·4

Jun 5, 4:13 PM ET

Eckel Jeffrey 4

4 · HA Sustainable Infrastructure Capital, Inc. · Filed Jun 5, 2026

Research Summary

AI-generated summary of this filing

Updated

HASI Director Jeffrey Eckel Receives 8,698 LTIP-Derived Units

What Happened

  • Jeffrey W. Eckel, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), was granted/acquired 8,698 derivative units on June 3, 2026. The reported price is $0.00, so no cash was paid at grant; this is recorded as a derivative/award transaction rather than an open-market buy or sale.

Key Details

  • Transaction date: 2026-06-03; filing date: 2026-06-05 (timely).
  • Amount: 8,698 units; reported price: $0.00 (grant/award, derivative).
  • Shares owned after transaction: Not specified in the filing.
  • Notable footnotes: The award is a derivative LTIP-style interest that may convert into partnership OP Units and, under certain conditions, into HASI common stock or be redeemed for cash (see footnote regarding LTIP → OP Units → stock/cash conversion). Other footnotes note certain holdings are in a revocable trust (reporting person is trustee and beneficiary), some interests held by spouse or as custodian for a minor, and disclaimers of beneficial ownership except to the extent of pecuniary interest.
  • Exhibit: Power of Attorney filed (Exhibit 24.1) dated April 30, 2026.

Context

  • This is a grant/award of long-term incentive/derivative units, not an open-market purchase or sale. Such awards typically vest or convert later and do not represent immediate cash value to the holder at grant. These kinds of grants are common compensation/retention mechanisms and do not by themselves indicate buying or selling sentiment.

Insider Transaction Report

Form 4
Period: 2026-06-03
HA Sustainable Infrastructure Capital, Inc.HASI
Eckel Jeffrey
Director
Transactions
  • Award

    LTIP Units

    [F4][F5][F6]
    2026-06-03+8,698→ 13,864 total
    → Common stock, par value $0.01 per share (8,698 underlying)
Holdings

  • Common stock, par value $0.01 per share

    19,162

  • Common stock, par value $0.01 per share

    [F1]
    (indirect: By Trust)
    330,171

  • Common stock, par value $0.01 per share

    [F2]
    (indirect: By Spouse)
    9,050

  • Common stock, par value $0.01 per share

    [F3]
    (indirect: By grandson)
    2,887

  • LTIP Units

    [F4][F7][F6][F8][F9]
    (indirect: By LLC)
    → Common stock, par value $0.01 per share (705,558 underlying)
    705,558
Footnotes (9)
  • [F1]These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
  • [F2]These shares are held by the reporting person's spouse. The reporting person disclaims ownership other than to the extent of their pecuniary interest.
  • [F3]The reporting person acts as custodian for their grandson under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  • [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]13,864 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 13,864 long-term incentive plan units ("LTIP Units") in the Partnership.
  • [F6]N/A
  • [F7]705,558 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 705,558 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan, as amended, and the Issuer's 2022 Equity Incentive Plan.
  • [F8]Previously included in this total were 43,903 LTIP Units which did not vest, as certain performance targets for the performance period ended December 31, 2025 were not met, and 5,166 LTIP Units which are now held directly by the Reporting Person.
  • [F9]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.
Signature
/s/ Michael Stephan, Attorney-in-Fact|2026-06-05

Documents

2 files