Compensation grant adds LTIP units for HA Sustainable (NYSE: HASI)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HA Sustainable Infrastructure Capital, Inc. director Nancy C. Floyd received a grant of 3,553 LTIP Units on common stock as compensation. These long-term incentive units are tied to an equal number of common shares upon vesting and conversion under the partnership agreement terms.
After this grant, Floyd holds 23,551 LTIP Units and 2,703 shares of common stock directly, including 1,160 shares accumulated through a dividend reinvestment program since her prior Section 16 filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Floyd Nancy C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 3,553 | $0.00 | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 23,551 shares (Direct, null);
Common stock, par value $0.01 per share — 2,703 shares (Direct, null)
Footnotes (1)
- Includes 1,160 shares of Common stock which were acquired through a dividend reinvestment program since the Reporting Owner's last Section 16 filing. 23,551 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 23,551 long-term incentive plan units ("LTIP Units") in the Partnership. 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. N/A
Key Figures
LTIP Units granted: 3,553 units
Total LTIP Units after grant: 23,551 units
Common shares held: 2,703 shares
+2 more
5 metrics
LTIP Units granted
3,553 units
Grant of long-term incentive plan units on common stock
Total LTIP Units after grant
23,551 units
Incentive units held by Nancy C. Floyd following transaction
Common shares held
2,703 shares
Direct common stock ownership following the reported update
Dividend reinvestment shares
1,160 shares
Portion of common stock accumulated via dividend reinvestment
Underlying common stock
3,553 shares
Common shares underlying newly granted LTIP Units
Key Terms
LTIP Units, OP Units, dividend reinvestment program, Partnership Agreement
4 terms
LTIP Units financial
"23,551 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
"23,551 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.
dividend reinvestment program financial
"acquired through a dividend reinvestment program since the Reporting Owner's last Section 16 filing."
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
Partnership Agreement financial
"as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")"
A partnership agreement is a written contract that lays out how two or more parties will work together, splitting responsibilities, profits, losses and decision-making. Think of it as a detailed roadmap or house rulebook for a joint project; it matters to investors because the terms determine how much revenue and risk a company will take on, how quickly it can act, and whether the partnership could dilute control or boost growth potential.
FAQ
What insider transaction did HASI director Nancy C. Floyd report?
Nancy C. Floyd reported receiving a grant of 3,553 LTIP Units linked to HA Sustainable Infrastructure Capital common stock. This is a compensation-related award, not an open-market purchase or sale, and forms part of her long-term incentive package tied to future vesting conditions.
How many LTIP Units does HASI’s Nancy C. Floyd hold after this filing?
Following the reported grant, Nancy C. Floyd holds 23,551 LTIP Units. These units represent long-term incentive interests that may convert into an equal number of partnership OP Units and ultimately HA Sustainable Infrastructure Capital common shares, subject to vesting and other conditions set in the partnership agreement.