Baker Walter A 4
4 · Sunnova Energy International Inc. · Filed Mar 24, 2022
Insider Transaction Report
Form 4
Baker Walter A
See Remarks
Transactions
- Sale
Common Stock
2022-03-23$25.05/sh−1,400$35,070→ 121,138 total - Award
Non-Qualified Stock Option (Right to Buy)
2022-03-22+17,580→ 17,580 totalExercise: $28.19Exp: 2032-03-22→ Common Stock (17,580 underlying) - Award
Non-Qualified Stock Option (Right to Buy)
2022-03-22+16,926→ 16,926 totalExercise: $25.63Exp: 2032-03-22→ Common Stock (16,926 underlying) - Exercise/Conversion
Restricted Stock Units
2022-03-22−4,551→ 13,654 total→ Common Stock (4,551 underlying) - Exercise/Conversion
Common Stock
2022-03-22+4,551→ 122,538 total - Award
Restricted Stock Units
2022-03-22+19,508→ 19,508 total→ Common Stock (19,508 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock of Sunnova Energy International Inc. ("Common Stock").
- [F2]The sale of such shares of Common Stock was authorized by the reporting person in order to meet tax obligations upon vesting March 22, 2022 and further settlement.
- [F3]These RSUs were awarded under the Sunnova Energy International Inc. 2019 Long-Term Incentive Plan ("Plan") and vest 25% on the second anniversary of the date of grant, and remaining 75% on the third anniversary beginning March 22, 2024. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.
- [F4]These Nonqualified Stock Options ("Options") were granted under the Plan and vest 25% on the second anniversary of the date of grant, and remaining 75% on the third anniversary.
- [F5]These RSU's were awarded under the Plan and will vest 25% on the first anniversary of the date of grant, 25% on the second anniversary, and 50% on the third anniversary beginning on March 22, 2022. Common Stock will be delivered to the reporting person no later than 15 days after the RSUs vest.