HASI director granted 3,553 new LTIP Units
HA Sustainable Infrastructure Capital, Inc. director Teresa Brenner received a new equity-based award.
Rhea-AI Filing Summary
HA Sustainable Infrastructure Capital, Inc. director Teresa Brenner received a new equity-based award. On June 3, 2026, she was granted 3,553 LTIP Units in Hannon Armstrong Sustainable Infrastructure, LP under the company’s long-term incentive plan.
The LTIP Units can vest and convert into OP Units, which are then redeemable for either cash equal to the market value of HA Sustainable Infrastructure Capital common stock or, at the company’s option, an equal number of common shares. Following this award, Brenner holds 30,787 LTIP Units and 10,360 common shares directly, highlighting that this Form 4 reflects compensation-related equity, not an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,553 shares
Grant/Award
2 txns
Insider
Brenner Teresa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 3,553 | $0.00 | $0.00 |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
LTIP Units — 30,787 contracts (Direct);
Common stock, par value $0.01 per share — 10,360 shares (Direct)
Footnotes (3)
- F1. 30,787 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 30,787 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: 30,787 LTIP Units
Common shares held: 10,360 shares
+1 more
4 metrics
LTIP Units granted
3,553 LTIP Units
Grant to director Teresa Brenner on June 3, 2026
LTIP Units held after grant
30,787 LTIP Units
Total LTIP Units issuable upon vesting and conversion
Common shares held
10,360 shares
Direct ownership of HA Sustainable Infrastructure Capital common stock
Underlying common shares per LTIP Unit
1 share per unit
LTIP Units and OP Units convertible on a one-for-one basis
Key Terms
LTIP Units, OP Units, Partnership Agreement, redemption
4 terms
LTIP Units financial
"30,787 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
"30,787 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.
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.
redemption financial
"the right to cause the Partnership to redeem a portion of the Reporting Person's OP Units for cash"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HASI director Teresa Brenner report in this Form 4 filing?
Teresa Brenner reported receiving a grant of 3,553 LTIP Units on June 3, 2026. These units are part of a long-term incentive plan and can later convert into partnership OP Units, then potentially into cash or HA Sustainable Infrastructure Capital common stock.
How many LTIP Units does Teresa Brenner hold after the latest HASI grant?
After the latest grant, Teresa Brenner holds 30,787 LTIP Units in the partnership. These units represent a long-term incentive position that may vest and convert into OP Units and ultimately into cash or an equivalent number of HA Sustainable Infrastructure Capital common shares.
Did Teresa Brenner buy or sell HASI common stock in this Form 4?
No open-market buy or sell of HASI common stock is reported. The Form 4 instead shows a grant of 3,553 LTIP Units, a compensation-related award, and a separate holding entry reflecting her 10,360 directly held common shares after the reported transactions.
What can Brenner’s LTIP Units in HASI’s partnership be converted into?
Once vested and having achieved parity with OP Units, Brenner’s LTIP Units can convert one-for-one into OP Units. She may then have the right to redeem OP Units for cash equal to the stock’s market value or for an equivalent number of HASI common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
