Cunningham Michael William 4

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.