4//SEC Filing
TerraForm Power, Inc. 4
Accession 0001599947-15-000010
CIK 0001599947operating
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 6:14 PM ET
Size
5.8 KB
Accession
0001599947-15-000010
Insider Transaction Report
Form 4
Wuebbels Brian
Director
Transactions
- Award
Common Stock
2015-03-10+40,000→ 45,000 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. The restricted stock units were awarded on March 10, 2015 under the 2014 TerraForm Power, Inc. Long-Term Incentive Plan in a transaction exempt under Rule 16b-3.
- [F2]These RSU awards are 80% performance based and 20% time based, which are vested at 25 percent per year over a four year period. For the performance based RSUs, there are three performance tiers, each tier represents 33 percent of the entire grant. The performance tiers are measured on the dividend per share ("DPS") of the Issuer, a controlled publicly traded subsidiary, which SunEdison, Inc. is the sponsor. Each of the performance tiers are based on the Issuer's DPS targets, as pre-determined and approved by the Issuer's Compensation Committee. If certain performance goals are not achieved, the first, second and third performance tiers are forfeited in its entirety. If certain performance goals are met by the first quarter of 2016, 2017 and 2018, as measured by the last twelve months, the first, second and third tier will vest at 50%, 75% or 100%.
Documents
Issuer
TerraForm Power, Inc.
CIK 0001599947
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001599947
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 6:14 PM ET
- Size
- 5.8 KB