HASI exec’s LLC gets 20,645 LTIP unit award
HA Sustainable Infrastructure Capital executive Viral Amin, EVP and Chief Risk Officer, indirectly acquired 20,645 LTIP Units through HASI Management HoldCo LLC at a grant price of $0 under the 2022 Equity Incentive Plan.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
HA Sustainable Infrastructure Capital executive Viral Amin, EVP and Chief Risk Officer, indirectly acquired 20,645 LTIP Units through HASI Management HoldCo LLC at a grant price of $0 under the 2022 Equity Incentive Plan. In total, 56,843 LTIP Units are outstanding, which may vest into an equal number of OP Units and can ultimately be exchanged for cash or common stock. Amin also directly holds 4,757 shares of common stock after these transactions.
Insider Trade Summary
Grant/Award: 20,645 shares
Grant/Award
1 txn
Insider
Viral Amin A
Role
EVP, Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 20,645 | $0.00 | $0.00 |
| Holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 56,843 contracts (Indirect, By HASI Management HoldCo, LLC);
Common stock, par value $0.01 per share — 4,757 shares (Direct)
Holdings Before and After:
LTIP Units, 36,198 to 56,843 contracts (Indirect, By HASI Management HoldCo, LLC)
Footnotes (4)
- F1. 56,843 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 56,843 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 his proportionate interest in HoldCo LLC. The Reporting Person is voluntarily reporting his proportionate interest in HoldCo LLC's ownership of LTIP Units. The Reporting Person disclaims beneficial ownership other than to the extent of his pecuniary interest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HASI executive Viral Amin report on this Form 4?
Viral Amin reported an indirect acquisition of 20,645 LTIP Units tied to HA Sustainable Infrastructure Capital. These long-term incentive plan units were granted at $0 and are held through HASI Management HoldCo LLC, reflecting his proportionate pecuniary interest in that entity’s LTIP Unit holdings.
How many LTIP Units linked to HASI does Viral Amin now report owning?
The filing shows 56,843 LTIP Units in total are issuable upon vesting and conversion. These units in the partnership can vest over time and convert into an equal number of OP Units, forming the basis for potential future exchanges into HA Sustainable Infrastructure Capital common stock or cash.
How can HASI LTIP Units reported by Viral Amin convert into common stock?
Once vested LTIP Units reach parity with OP Units, they may convert into OP Units on a one-for-one basis. Amin can then ask the partnership to redeem OP Units for cash equal to the market value of HASI common stock, or receive common shares on a one-for-one basis instead.
How are Viral Amin’s HASI LTIP Units held according to the filing footnotes?
The LTIP Units are held by HASI Management HoldCo LLC, an entity in which Amin is a member. The reported amount reflects only the LTIP Units representing his pecuniary interest. He disclaims beneficial ownership of any additional interests beyond this proportionate economic stake in the LLC’s holdings.
What direct common stock holdings in HASI does Viral Amin report after this filing?
After the reported transactions, Viral Amin lists 4,757 shares of HA Sustainable Infrastructure Capital common stock as directly owned. This common stock position is separate from his indirect interest in LTIP Units held through HASI Management HoldCo LLC, which represents a different form of equity-linked compensation.
Under which plan were the HASI LTIP Units granted to Viral Amin?
The LTIP Units were granted under HA Sustainable Infrastructure Capital’s 2022 Equity Incentive Plan, as amended. This plan provides long-term incentive awards such as LTIP Units, which can vest, achieve parity with OP Units, and potentially convert into OP Units and ultimately common stock or cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
