Cunningham Michael William 4

4 · Greenbacker Renewable Energy Co LLC · Filed Apr 27, 2026

AI-generated summary of this filing

Updated Apr 28, 2026

Greenbacker SVP & Chief Accounting Officer Michael Cunningham Receives Award

What Happened

Michael Cunningham, Senior Vice President and Chief Accounting Officer of Greenbacker Renewable Energy Company LLC, received two grants of restricted share units (RSUs) totaling 94,054.81 units (52,252.67 + 41,802.14) on April 24, 2026. Each unit was granted at $0.00 (derivative award); no cash changed hands at grant.

Key Details

Transaction date: April 24, 2026; filing date: April 27, 2026 (timely).
Grants: 52,252.67 RSUs and 41,802.14 RSUs (total 94,054.81 RSUs) at $0.00 per unit.
Nature of award: Restricted share units (derivative interest) representing a contingent right to receive one Class P‑I Share or cash/other securities/property, as determined by the company.
Vesting: RSUs vest in three equal annual installments beginning April 1, 2026 and are subject to performance criteria for the period Jan 1, 2026–Dec 31, 2028; vested units will be settled as soon as reasonably practicable.
Shares owned after transaction: Not specified in the filing.
Filing appears timely (no late filing flag noted).

Context

RSU grants are awards, not open‑market purchases or sales. They represent future value if performance and vesting conditions are met and are settled in shares, cash, or other consideration per the company’s determination. Such grants are common for compensation and do not by themselves indicate immediate buying or selling intent.

Form 4

Period: 2026-04-24

See Remarks Below

Transactions

Award
Restricted Share Units (Time)
[F1][F2][F3]
2026-04-24+52,252.67→ 101,384.43 total
→ Class P-I Shares (52,252.67 underlying)
Award
Restricted Share Units (Performance)
[F1][F2][F4]
2026-04-24+41,802.14→ 98,126.85 total
→ Class P-I Shares (41,802.14 underlying)

Footnotes (4)

[F1]Greenbacker Renewable Energy Company LLC (the "Company") granted these restricted share units to the Reporting Person pursuant to the Company's 2023 Equity Incentive Plan.
[F2]Each restricted share unit represents a contingent right to receive an amount equal to one Class P-I 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.
[F3]The restricted share units vest in three equal annual installments on each anniversary of April 1, 2026. Vested restricted share units will be settled as soon as reasonably practicable following such vesting.
[F4]The restricted share units vest based on the satisfaction of certain performance criteria during the performance period beginning on January 1, 2026, and ending on December 31, 2028. Vested restricted share units will be settled as soon as reasonably practicable following such vesting.

Signature

/s/ Michael Cunningham|2026-04-27

1 file