4//SEC Filing
Mehta Mehul 4
Accession 0001753926-23-001194
CIK 0001563922other
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 7:52 PM ET
Size
10.6 KB
Accession
0001753926-23-001194
Insider Transaction Report
Form 4
Mehta Mehul
Chief Investment Officer
Transactions
- Disposition to Issuer
Restricted Share Units (Time)
2023-09-01−84,899.25→ 0 total→ Class P-I Common Shares (84,899.253 underlying) - Award
Restricted Share Units (Time)
2023-09-01+84,899.253→ 84,899.253 total→ Class P-I Common Shares (84,899.253 underlying)
Holdings
- 742,440.01
Class P-I Common Shares
Footnotes (7)
- [F1]This amount reflects the divestiture of 84,899.253 Restricted Share Units that were forfeited by the Reporting Person, as reported in Row 1 of Table II below, pursuant to the Separation Agreement dated as of September 1, 2023, between Greenbacker Renewable Energy Corporation and Mehul Mehta (the "Separation Agreement"), as filed with the SEC on Form 8-K on September 1, 2023. The Reporting Person previously inadvertently reported these Restricted Share Units in Table I of the Form 4 filed on May 25, 2023.
- [F2]Pursuant to the Separation Agreement, the Reporting Person forfeited the 84,899.253 Restricted Share Units granted to the Reporting Person pursuant to Greenbacker Renewable Energy Company LLC's (the "Company") Equity Incentive Plan on May 23, 2023.
- [F3]Each Restricted Share Unit represented a contingent right to receive an amount equal to one Class P-I Common Share in (w) cash, (x) common shares (y) other securities or other property, as applicable, or (z) any combination thereof, as determined by the Company.
- [F4]The Restricted Share Units would have vested in three equal annual installments on each anniversary of the commencement date.
- [F5]The Company granted these Restricted Share Units to the Reporting Person pursuant to the Separation Agreement.
- [F6]Each Restricted Share Unit represents a contingent right (subject to the Reporting Person's continued compliance with the terms and conditions of the Separation Agreement) to receive cash in an amount equal to one Class P-I Common Share. Once vested, and upon settlement of a vested Restricted Share Unit, the Company will pay the Reporting Person an amount equal to one Class P-I Common Share in cash.
- [F7]The Restricted Share Units vest as follows: (i) sixty-six and two-third percent (66 2/3%) of the Restricted Share Units shall vest on February 17, 2024, and (ii) thirty-three and one-third percent (33 1/3%) of the Restricted Share Units shall vest on February 17, 2025. Vested Restricted Share Units will be settled as soon as reasonably practicable following such vesting (and, in any event, no later than thirty (30) days following the vesting date of the Restricted Share Units).
Documents
Issuer
Greenbacker Renewable Energy Co LLC
CIK 0001563922
Entity typeother
Related Parties
1- filerCIK 0001965832
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 7:52 PM ET
- Size
- 10.6 KB