HA Sustainable director granted 3,553 LTIP units
HA Sustainable Infrastructure Capital, Inc. director Nancy C. Floyd received a grant of 3,553 LTIP Units on common stock as compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 3,553 | $0.00 | $0.00 |
| Holding | Common stock, par value $0.01 per share | -- | -- | -- |
Footnotes (4)
- F1. Includes 1,160 shares of Common stock which were acquired through a dividend reinvestment program since the Reporting Owner's last Section 16 filing.
- F2. 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.
- F3. 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.
- F4. N/A
Key Figures
Key Terms
LTIP Units financial
OP Units financial
dividend reinvestment program financial
Partnership Agreement financial
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