4//SEC Filing
Savino Anthony 4
Accession 0001828723-24-000040
CIK 0001828723other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 6:07 PM ET
Size
11.8 KB
Accession
0001828723-24-000040
Insider Transaction Report
Form 4
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
Transactions
- Award
Class A Common Stock
2024-03-28+144,351→ 4,097,054 total - Award
Performance Stock Unit
2024-03-28+96,234→ 96,234 totalExp: 2027-03-28→ Class A Common Stock (96,234 underlying) - Award
Class A Common Stock
2024-03-28+92,719→ 3,952,703 total - Tax Payment
Class A Common Stock
2024-03-22$4.79/sh−27,679$132,582→ 3,859,984 total
Footnotes (4)
- [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 92,719 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 144,351 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]Represents 96,234 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 0001894369
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 6:07 PM ET
- Size
- 11.8 KB