HASI Co-CIO reports LTIP unit holdings
HA Sustainable Infrastructure Capital, Inc. executive Ann Marie Reynolds filed an initial Form 3 showing her equity interests.
Rhea-AI Filing Summary
HA Sustainable Infrastructure Capital, Inc. executive Ann Marie Reynolds filed an initial Form 3 showing her equity interests. She reports direct ownership of 2 shares of common stock and an indirect interest in 73,343 LTIP Units held through HASI Management HoldCo LLC.
The 73,343 LTIP Units were granted under the company’s 2022 Equity Incentive Plan and relate to an equal number of OP Units in the partnership. Once vested and at parity with OP Units, they may be converted into OP Units and then redeemed for cash or, at the issuer’s option, common stock on a one-for-one basis, subject to conditions in the partnership agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reynolds Ann Marie
Role
Co-Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LTIP Units | -- | -- | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 73,343 contracts (Indirect, By HASI Management HoldCo LLC);
Common stock, par value $0.01 per share — 2 shares (Direct)
Footnotes (4)
- F1. 73,343 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 73,343 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2022 Equity Incentive Plan, as amended.
- F2. Vested LTIP Units, after achieving parity with OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")), are eligible to be converted into OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement. Upon conversion of LTIP Units into OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's OP Units for cash in an amount equal to the market value (as defined in the Partnership Agreement) of an equivalent number of shares of common stock, par value $0.01 per share, of HA Sustainable Infrastructure Capital, Inc. (the "Issuer"), or at the Issuer's option, shares of the Issuer's common stock on a one-for-one basis, subject to certain adjustments.
- F3. N/A
- F4. These LTIP Units are held by HASI Management HoldCo LLC ("HoldCo LLC"). The Reporting Person is a member of HoldCo LLC. The LTIP Units reported represent only the number of LTIP Units in which the Reporting Person has a pecuniary interest in accordance with their proportionate interest in HoldCo LLC. The Reporting Person is voluntarily reporting their proportionate interest in HoldCo LLC's ownership of LTIP Units. The Reporting Person disclaims beneficial ownership other than to the extent of their pecuniary interest.
Key Figures
Direct common stock holding: 2 shares
Indirect LTIP Units: 73,343 units
Underlying OP Units: 73,343 units
+1 more
4 metrics
Direct common stock holding
2 shares
Total shares of common stock held directly after reported holdings
Indirect LTIP Units
73,343 units
LTIP Units held indirectly through HASI Management HoldCo LLC
Underlying OP Units
73,343 units
OP Units issuable upon vesting and conversion of LTIP Units
LTIP exercise price
$0.0000 per unit
Exercise or conversion price for LTIP Units as disclosed
Key Terms
LTIP Units, OP Units, 2022 Equity Incentive Plan, pecuniary interest, +1 more
5 terms
LTIP Units financial
"73,343 long-term incentive plan units ("LTIP Units") in the Partnership."
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
OP Units financial
"73,343 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
2022 Equity Incentive Plan financial
"The LTIP Units were granted to the Reporting Person under the Issuer's 2022 Equity Incentive Plan, as amended."
pecuniary interest financial
"represent only the number of LTIP Units in which the Reporting Person has a pecuniary interest"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership other than to the extent of their pecuniary interest."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Ann Marie Reynolds report in her HASI Form 3 filing?
Ann Marie Reynolds reports initial holdings as Co-Chief Investment Officer, including 2 shares of HASI common stock and an indirect interest in 73,343 LTIP Units. These positions reflect her equity-based compensation and ownership structure rather than new market purchases or sales.
How many LTIP Units are associated with Ann Marie Reynolds at HASI?
Reynolds is associated with 73,343 LTIP Units in the partnership. These units were granted under HA Sustainable Infrastructure Capital’s 2022 Equity Incentive Plan and correspond to 73,343 OP Units that may be issued upon vesting and conversion under specified conditions.
How are Ann Marie Reynolds’s LTIP Units in HASI held and attributed?
The 73,343 LTIP Units are held by HASI Management HoldCo LLC, where Reynolds is a member. The filing states she reports only the portion reflecting her pecuniary interest and expressly disclaims beneficial ownership beyond that proportionate economic interest in the LLC’s holdings.
What conversion rights do the HASI LTIP Units reported by Reynolds provide?
Once vested and at parity, the LTIP Units can convert into OP Units on a one-for-one basis, subject to partnership agreement conditions. Reynolds may then cause redemption of OP Units for cash equal to common stock market value or, at the issuer’s option, one-for-one shares of common stock.
Does the HASI Form 3 for Ann Marie Reynolds indicate stock buying or selling?
The Form 3 is an initial ownership report and does not show open-market buying or selling. It lists existing direct common stock and indirect LTIP Unit interests, with transaction codes and directions marked as unknown rather than recording purchases, sales, or option exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
