Eckel Jeffrey 4
Research Summary
AI-generated summary
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.