Barry Welch of HA Sustainable Infrastructure (NYSE: HASI) granted 3,553 LTIP Units
Rhea-AI Filing Summary
HA Sustainable Infrastructure Capital director Barry Edward Welch received a grant of 3,553 LTIP Units. These long-term incentive plan units were awarded at a price of $0.00 per unit, bringing his total LTIP Units to 8,719 held directly.
According to the footnotes, once LTIP Units vest and reach parity with OP Units in Hannon Armstrong Sustainable Infrastructure, LP, they may convert into OP Units on a one-for-one basis, subject to conditions in the Partnership Agreement. The reporting person can then request redemption of OP Units for cash equal to the market value of an equivalent number of HASI common shares, or, at the issuer’s option, receive common stock on a one-for-one basis, subject to adjustments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Welch Barry Edward
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 3,553 | $0.00 | $0.00 |
Holdings After Transaction:
LTIP Units — 8,719 shares (Direct)
Footnotes (3)
- F1. 8,719 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 8,719 long-term incentive plan units ("LTIP Units") in the Partnership.
- 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
Key Figures
LTIP Units granted: 3,553 LTIP Units
LTIP Units held after grant: 8,719 LTIP Units
Grant price per LTIP Unit: $0.00 per unit
+1 more
4 metrics
LTIP Units granted
3,553 LTIP Units
Grant on 2026-06-03, transaction code A
LTIP Units held after grant
8,719 LTIP Units
Total LTIP Units following transaction
Grant price per LTIP Unit
$0.00 per unit
Awarded as compensation, no cash paid
Underlying common stock per LTIP Unit
3,553 shares
Underlying common stock equal to LTIP Units granted
Key Terms
LTIP Units, OP Units, limited partner interest, Partnership Agreement
4 terms
LTIP Units financial
"8,719 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
"8,719 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.
limited partner interest financial
"8,719 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HASI director Barry Edward Welch report on this Form 4?
Barry Edward Welch reported receiving a grant of 3,553 LTIP Units. These derivative units are tied to HA Sustainable Infrastructure Capital, Inc. and were awarded at a price of $0.00 per unit as part of long-term incentive compensation.
How many LTIP Units does Barry Edward Welch hold in HASI after this transaction?
After the grant, Barry Edward Welch holds 8,719 LTIP Units directly. This figure represents his total long-term incentive plan units in the partnership as reported in the Form 4’s post-transaction holdings column.
What underlying security is associated with the HASI LTIP Units granted to Barry Edward Welch?
Each LTIP Unit is tied to common stock of HA Sustainable Infrastructure Capital, Inc. The filing states the underlying security is common stock with a par value of $0.01 per share, in an amount matching the 3,553 LTIP Units granted.
Can the HASI LTIP Units granted to Barry Edward Welch convert into common stock?
Yes, the LTIP Units may eventually lead to common stock. Once LTIP Units vest and achieve parity with OP Units, they can convert into OP Units, which the holder may redeem for cash equal to common stock value or, at the issuer’s option, common shares one-for-one.
What are OP Units in relation to HASI’s LTIP Units reported in this Form 4?
OP Units are units of limited partner interest in Hannon Armstrong Sustainable Infrastructure, LP. The footnotes explain that vested LTIP Units, once at parity, can convert into OP Units on a one-for-one basis, which may then be redeemed for cash or HA Sustainable Infrastructure Capital common stock.
Was there any open-market buying or selling of HASI common stock in this Form 4?
No open-market buying or selling is reported. The Form 4 shows a grant of LTIP Units classified under transaction code “A” for a grant, award, or other acquisition, with no transactions marked as purchases or sales of common stock.