4//SEC Filing
WHEELER CHARLES 4
Accession 0001753926-22-000777
CIK 0001563922other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 7:14 PM ET
Size
7.8 KB
Accession
0001753926-22-000777
Insider Transaction Report
Form 4
WHEELER CHARLES
DirectorOther
Transactions
- Award
Class P-I Common Shares
2022-05-19$8.80/sh+1,906,382$16,772,349→ 1,934,120 total - Award
Class EO Common Shares
2022-05-19+793,346→ 793,346 total
Footnotes (3)
- [F1]Reflects shares of Class P-I Common Shares distributed to the Reporting Person on May 19, 2022, in his capacity as a member of Greenbacker Group LLC ("Group LLC"), in connection with a management acquisition (the "Acquisition") by Greenbacker Renewable Energy Company LLC (the "Company"). The Reporting Person may receive up to additional 235,620 shares from Group LLC upon release from holdback arrangements between the Company and Group LLC.
- [F2]Reflects the last reported net asset value per share published by the Company on March 31, 2022.
- [F3]Reflects shares of Class EO Common Shares ("Earnout Shares") issued to the Reporting Person on May 19, 2022, in his capacity as a member of Group LLC, in connection with the Acquisition. These Earnout Shares initially do not have the right to participate in any distributions payable by the Company. Upon the achievement of separate benchmark quarter-end run-rate revenue targets, or upon the occurrence of certain liquidity events, however, these Earnout Shares can become "Participating Earnout Shares" and become entitled to priority allocation of profits and increases in value from the Company and will have equivalent economic and voting rights as Class P-I Common Shares, as further described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 23, 2022.
Documents
Issuer
Greenbacker Renewable Energy Co LLC
CIK 0001563922
Entity typeother
Related Parties
1- filerCIK 0001427529
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 7:14 PM ET
- Size
- 7.8 KB