4//SEC Filing
NORELL LARS 4
Accession 0001828723-23-000040
CIK 0001828723other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 7:05 PM ET
Size
14.5 KB
Accession
0001828723-23-000040
Insider Transaction Report
Form 4
NORELL LARS
10% Owner
Transactions
- Award
Class A Common Stock
2023-03-22+186,018→ 3,431,230 total - Award
Class A Common Stock
2023-03-22+258,630→ 3,689,860 total - Award
Performance Stock Unit
2023-03-22+86,210→ 86,210 totalExp: 2026-03-22→ Class A Common Stock (86,210 underlying)
Holdings
- 21,674,907(indirect: By LLC)
Class A Common Stock
- 2,854,545(indirect: By Trust)
Class A Common Stock
- 1,427,272(indirect: By Trust)
Class A Common Stock
- 1,427,272(indirect: By Trust)
Class A Common Stock
- 1,427,272(indirect: By Trust)
Class A Common Stock
Footnotes (6)
- [F1]Represents 186,018 restricted stock units ("RSUs") granted to the Reporting Person on the transaction date pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive one share of the Issuer's Class A Common Stock. The RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: 50% vesting on the first anniversary of the grant date and 50% vesting on the second anniversary of the grant date.
- [F2]Represents 258,630 RSUs granted to the Reporting Person on the transaction date pursuant to the Plan. Each RSU represents the right to receive one share of Issuer's Class A Common Stock. The RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: approximately 33.3% vesting on the first anniversary of the grant date, approximately 33.3% vesting on the second anniversary of the grant date, and approximately 33.4% vesting on the third anniversary of the grant date.
- [F3]Shares held by Start Capital LLC, of which the Reporting Person is the managing member. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F4]Shares held by Start Capital Trust, for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.
- [F5]Shares held in an irrevocable trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.
- [F6]Represents 86,210 performance stock units, each of which represents the right to receive one share of the Issuer's Class A Common Stock and which vest in one installment on the third anniversary of the grant date based upon the Issuer's total stockholder return when compared to the Invesco Solar ETF ("TAN"), subject to certain adjustments, and the Russell 2000 index, assigning a weight of 50% to each. The number of performance stock units vested, and thus shares of Class A Common Stock issued, could range from 0 to 150% of the amount reported on this Form 4.
Documents
Issuer
Altus Power, Inc.
CIK 0001828723
Entity typeother
Related Parties
1- filerCIK 0001482018
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 7:05 PM ET
- Size
- 14.5 KB