4//SEC Filing
WHEELER CHARLES 4
Accession 0001753926-25-000559
CIK 0001563922other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 2:47 PM ET
Size
13.6 KB
Accession
0001753926-25-000559
Insider Transaction Report
Form 4
WHEELER CHARLES
DirectorOther
Transactions
- Other
Restricted Share Units (Time)
2025-04-01−14,892.45→ 29,784.9 totalExercise: $0.00→ Class P-I Shares (14,892.45 underlying) - Other
Restricted Share Units (Performance)
2025-04-01−332,050.28→ 0 totalExercise: $0.00→ Class P-I Shares (332,050.28 underlying) - Other
Class EO Common Shares
2025-04-01−793,345.596→ 0 total - Other
Restricted Share Units (Performance)
2025-04-01−178,709.39→ 0 totalExercise: $0.00→ Class P-I Shares (178,709.39 underlying)
Footnotes (7)
- [F1]Reflects shares of Class EO Common Shares ("Earnout Shares") issued to the Reporting Person on February 27, 2024 in his capacity as an employee of Greenbacker Renewable Energy Company LLC (the "Company"). The Earnout Shares initially do not have the right to participate in any distributions payable by the Company. Upon the achievement of separate bench-mark quarter-end-run-rate revenues 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.
- [F2]Forfeited upon entering of a Transition Agreement
- [F3]The Company granted these restricted share units to the Reporting Person pursuant to the Company's 2023 Equity Incentive Plan.
- [F4]Each restricted share unit represents a contingent right to receive an amount equal to one Class P-I shares is (w) cash, (x) common shares, (y) other securities or other property, as applicable, or (z) any combination thereof, as determined by the Company.
- [F5]The restricted share units vest on July 1, 2027 with settlement as soon as reasonably practicable following such vesting.
- [F6]The restricted share units vest on the satisfaction of certain performance criteria during the performance period beginning on May 23, 2023 and ending on May 23, 2026 with a vesting date of May 23, 2027.
- [F7]The restricted share units vest on the satisfaction of certain performance criteria during the performance period beginning on July 1, 2024 and ending on July 1, 2027 with a vesting date of July 1, 2028.
Documents
Issuer
Greenbacker Renewable Energy Co LLC
CIK 0001563922
Entity typeother
Related Parties
1- filerCIK 0001427529
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 2:47 PM ET
- Size
- 13.6 KB