4//SEC Filing
Felton Gregg J 4
Accession 0001828723-24-000035
CIK 0001828723other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 5:24 PM ET
Size
12.8 KB
Accession
0001828723-24-000035
Insider Transaction Report
Form 4
Felton Gregg J
DirectorCO-FOUNDER, CEO & PRESIDENT10% Owner
Transactions
- Award
Class A Common Stock
2024-03-28+198,248→ 3,831,259 total - Award
Performance Stock Unit
2024-03-28+175,732→ 175,732 totalExp: 2027-03-28→ Class A Common Stock (175,732 underlying) - Tax Payment
Class A Common Stock
2024-03-22$4.79/sh−56,849$272,307→ 3,633,011 total - Award
Class A Common Stock
2024-03-28+263,598→ 4,094,857 total
Holdings
- 11,882,103(indirect: By LLC)
Class A Common Stock
Footnotes (5)
- [F1]Company withheld securities to cover payment of withholding tax liability incident to the vesting of a security issued in accordance with Rule 16b-3.
- [F2]Represents 198,248 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.
- [F3]Represents 263,598 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.
- [F4]Shares held by Felton Asset Management 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.
- [F5]Represents 175,732 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 0001590854
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 5:24 PM ET
- Size
- 12.8 KB