HASI (NYSE: HASI) director Armbrister granted 3,553 LTIP incentive units
Rhea-AI Filing Summary
HA Sustainable Infrastructure Capital director Clarence D. Armbrister received a grant of 3,553 LTIP Units on June 3, 2026. These long-term incentive plan units are tied to partnership interests and are a form of equity-based compensation rather than an open-market share purchase.
Following the reporting, Armbrister directly holds 1,135 shares of common stock, which includes 36 shares acquired through a dividend reinvestment program since his last Section 16 filing. In total, 23,551 LTIP Units are outstanding for him, which are issuable as an equal number of OP Units that can later be redeemed for cash or, at the issuer’s option, common stock on a one-for-one basis under the partnership agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Armbrister Clarence D
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 — 23,551 shares (Direct);
Common stock, par value $0.01 per share — 1,135 shares (Direct)
Footnotes (4)
- F1. Includes 36 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 the vesting and 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
LTIP Units granted: 3,553 units
Common shares held: 1,135 shares
Dividend reinvestment shares: 36 shares
+2 more
5 metrics
LTIP Units granted
3,553 units
Grant to Clarence D. Armbrister on June 3, 2026
Common shares held
1,135 shares
Direct HASI common stock holdings after reported transactions
Dividend reinvestment shares
36 shares
Common stock acquired via dividend reinvestment since last Section 16 filing
Total LTIP Units outstanding
23,551 units
LTIP Units issuable as an equal number of OP Units
OP Units issuable
23,551 units
OP Units in the partnership issuable upon LTIP vesting and conversion
Key Terms
LTIP Units, OP Units, dividend reinvestment program, Amended and Restated Agreement of Limited Partnership, +1 more
5 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.
Amended and Restated Agreement of Limited Partnership financial
"as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")"
Section 16 filing regulatory
"since the Reporting Owner's last Section 16 filing"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Clarence D. Armbrister report at HASI?
Clarence D. Armbrister reported receiving 3,553 LTIP Units as compensation. These long-term incentive plan units can later convert into OP Units and potentially into HA Sustainable Infrastructure Capital common stock, aligning his interests with shareholders over time.
What are LTIP Units in the HASI Form 4 filing for Clarence D. Armbrister?
LTIP Units are long-term incentive plan units in Hannon Armstrong Sustainable Infrastructure, LP. For Armbrister, 23,551 LTIP Units are outstanding and can vest and convert into an equal number of OP Units, which may later be redeemed for cash or common stock.
Can Clarence D. Armbrister’s LTIP Units at HASI convert into common stock?
Yes, Armbrister’s LTIP Units may eventually convert into OP Units and then into cash or HA Sustainable Infrastructure Capital common stock. The partnership can redeem OP Units for cash equal to the stock’s market value or, at the issuer’s option, issue common shares one-for-one.
Did the HASI Form 4 show an open-market stock purchase or sale by Clarence D. Armbrister?
The filing did not report any open-market purchases or sales of HASI common stock by Armbrister. Instead, it showed an award of 3,553 LTIP Units and updated his direct common stock holdings, including shares from the dividend reinvestment program.
How many LTIP Units does Clarence D. Armbrister have after the latest HASI filing?
After the reported grant, Armbrister has 23,551 LTIP Units outstanding. These units are linked to OP Units in the partnership and, subject to conditions in the partnership agreement, can ultimately be redeemed for cash or converted into HA Sustainable Infrastructure Capital common stock.