4/A//SEC Filing
NORELL LARS 4/A
Accession 0001828723-24-000039
CIK 0001828723other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 6:01 PM ET
Size
10.7 KB
Accession
0001828723-24-000039
Insider Transaction Report
Form 4/AAmended
NORELL LARS
10% Owner
Transactions
- Award
Class A Common Stock
2022-02-15+3,245,212→ 3,245,212 total
Holdings
- 1,427,272(indirect: By Trust)
Class A Common Stock
- 1,427,272(indirect: By Trust)
Class A Common Stock
- 2,854,545(indirect: By Trust)
Class A Common Stock
- 21,774,907(indirect: By LLC)
Class A Common Stock
- 1,427,272(indirect: By Trust)
Class A Common Stock
Footnotes (5)
- [F1]Represents 3,245,212 restricted stock units ("RSUs") granted to the Reporting Person on the transaction date pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan. Each RSU represents the right to receive one share of 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 third anniversary of the grant date, approximately 33.3% vesting on the fourth anniversary of the grant date, and approximately 33.4% of these RSUs vesting on the fifth anniversary of the grant date, with 2,596,170 of such RSUs further conditioned upon a stock price performance hurdle which will be satisfied if the stock price attains25% annual compound annual growth rate measured based on an initial value of $10.00 per Share (i.e. on each of the third anniversary, the fourth anniversary, and the fifth anniversary of the date of grant, the stock price performance hurdle shall be $14, $18, and $22, respectively).
- [F2]This Form 4/A amends the Form 4 filed by the Reporting Person on February 17, 2022, which was subsequently amended on April 19, 2023, solely to reflect the amendment of the stock price performance hurdles set forth in footnote (1) as approved by the compensation committee of the Issuer on March 28, 2024.
- [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.
Documents
Issuer
Altus Power, Inc.
CIK 0001828723
Entity typeother
Related Parties
1- filerCIK 0001482018
Filing Metadata
- Form type
- 4/A
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 6:01 PM ET
- Size
- 10.7 KB