Every Form 4 that HA Sustainable Infrastructure Capital, Inc. (HASI) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow HASI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HASI filings page.
HA Sustainable Infrastructure Capital, Inc. director Lizabeth A. Ardisana received a grant of 5,574 LTIP Units on June 3, 2026. These long-term incentive plan units are tied to the company’s common stock and were awarded at a price of $0.00 per unit as compensation rather than an open-market purchase.
After this award, Ardisana holds 21,988 LTIP Units, each currently linked one-for-one to potential OP Units of the partnership, which can later be exchanged for cash or an equivalent number of common shares under specified conditions. Separately, she directly holds 1,862 common shares, including 317 acquired through a dividend reinvestment program since her last filing.
OSGOOD STEVEN G reported acquisition or exercise transactions in this Form 4 filing.
HA Sustainable Infrastructure Capital director Steven G. Osgood reported equity awards and holdings. An indirect grant of 6,861 LTIP Units was received by a trust associated with him, with Ms. Osgood holding voting and investment power over those units. After this award, 55,962 LTIP Units are outstanding through the partnership structure, each potentially convertible into an equal number of OP Units and then redeemable for either cash or one share of the company’s common stock per unit under partnership agreement conditions. Separately, Osgood directly holds 29,281 shares of common stock, showing a mix of direct stock ownership and indirect long-term incentive interests.
HA Sustainable Infrastructure Capital, Inc. director Jeffrey Eckel reported a compensation-related grant of 8,698 LTIP Units on common stock, at an exercise price of $0.00 per unit. Following this award, he holds 13,864 LTIP Units directly, which are tied to an equal number of partnership OP Units upon vesting and conversion.
In addition, footnotes state that a further 705,558 LTIP Units, held indirectly through HASI Management HoldCo LLC, are linked to 705,558 OP Units, with Eckel voluntarily reporting only his proportionate pecuniary interest. The filing also lists indirect common stock holdings through a revocable trust, spouse, and grandson, as well as 19,162 common shares held directly.
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.
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.
HA Sustainable Infrastructure Capital, Inc. director Laura Ann Schulte received a grant of 3,553 LTIP Units in Hannon Armstrong Sustainable Infrastructure, LP on June 3, 2026. These long-term incentive plan units are derivative interests tied to the issuer’s common stock.
Following this award, Schulte holds 8,719 LTIP Units, which, upon vesting and achieving parity with OP Units under the partnership agreement, may convert one-for-one into OP Units. Those OP Units can then be redeemed for cash equal to the market value of an equivalent number of HA Sustainable Infrastructure Capital common shares or, at the issuer’s option, into common stock on a one-for-one basis.
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.
Reed Kimberly A. reported acquisition or exercise transactions in this Form 4 filing.
HA Sustainable Infrastructure Capital director Kimberly A. Reed received a grant of 3,553 LTIP Units as equity-based compensation. Each LTIP Unit represents the right to receive one unit of limited partner interest (OP Unit) upon vesting and meeting conditions, which can then be redeemed for cash or, at the company’s option, an equivalent number of common shares. Following this grant, Reed holds 18,286 LTIP Units linked to potential future OP Units and common stock.
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.
HA Sustainable Infrastructure Capital, Inc. Chief Accounting Officer Michelle Whicher reported a routine tax-withholding share disposition. The company withheld 961 shares of common stock at $41.19 per share to cover taxes on the vesting of 1,988 shares of common stock. After this, she directly holds 19,084 common shares and has an indirect interest in 10,246 LTIP Units that are ultimately tied to 10,246 underlying common shares.
HA Sustainable Infrastructure Capital reported that Chief Revenue and Strategy Officer Marc T. Pangburn transitioned on May 11, 2026 from employee to non-employee strategic advisor under a consulting agreement. In connection with this change, 100,500 LTIP Units were forfeited, while 256,424 LTIP Units remain outstanding through HASI Management HoldCo LLC, in which he holds only a proportionate pecuniary interest. Following the filing, he also holds 56,791 shares of common stock directly.
HA Sustainable Infrastructure Capital, Inc. reported that an entity associated with its Chief Legal Officer Christy Ledet Freer-Greene received a grant of 17,500 LTIP Units in Hannon Armstrong Sustainable Infrastructure, LP under the 2022 Equity Incentive Plan.
The LTIP Units are held indirectly through HASI Management HoldCo LLC, where the officer is a member. The filing states that the reported amount reflects only the officer’s pecuniary interest in HoldCo LLC’s LTIP Units and disclaims beneficial ownership beyond that proportionate interest. Vested LTIP Units may later convert into OP Units and ultimately be redeemed for cash or HA Sustainable Infrastructure Capital common stock on a one-for-one basis, subject to partnership agreement conditions.
HA Sustainable Infrastructure Capital EVP and Chief Risk Officer Viral Amin reported a tax-related share disposition. On March 5, 2026, 679 shares of common stock were withheld by the company at $36.43 per share to satisfy his tax obligation on the vesting of 2,039 shares.
After this withholding, Amin directly holds 4,078 shares of common stock. He is also attributed an indirect pecuniary interest in 56,843 LTIP Units held by HASI Management HoldCo LLC, which may convert into OP Units and ultimately into common stock under the partnership and equity plan terms.
HA Sustainable Infrastructure Capital, Inc. Chief Accounting Officer Michelle Whicher reported a tax-related share disposition linked to equity vesting. On the vesting of 4,629 shares of common stock, 2,238 shares were withheld by the company, with Board approval, to cover her tax withholding obligation at a price of $36.43 per share. Following this withholding, she held 20,045 shares of common stock directly.
The filing also notes 10,246 long-term incentive plan (LTIP) units held indirectly through HASI Management HoldCo LLC. These LTIP Units may vest into an equal number of OP Units, which can then be redeemed for cash or common stock on a one-for-one basis under partnership agreement terms. Whicher reports only her proportionate pecuniary interest in these LTIP Units and disclaims beneficial ownership beyond that interest.
HA Sustainable Infrastructure Capital, Inc.’s Chief Operating Officer, Nitya Gopalakrishnan, indirectly acquired 28,500 LTIP Units on March 2, 2026 through HASI Management HoldCo LLC under the 2022 Equity Incentive Plan. In total, 48,500 LTIP Units are now reported as held indirectly. Vested LTIP Units can convert one-for-one into OP Units and then be redeemed for cash or an equivalent number of common shares, subject to conditions in the partnership agreement.
HA Sustainable Infrastructure Capital reported an insider equity award involving its Chief Accounting Officer, Michelle Whicher. An affiliated entity, HASI Management HoldCo LLC, received a grant of 10,246 LTIP Units under the 2022 Equity Incentive Plan at a price of $0.00 per unit, reflecting only Whicher’s pecuniary interest in the LLC’s holdings.
Upon vesting and achieving parity, these LTIP Units may convert into an equal number of OP Units, which can then be redeemed for cash or, at the company’s option, common stock on a one-for-one basis, subject to conditions in the partnership agreement. The filing also notes that performance targets for the period ended December 31, 2025 were not met for 1,365 shares, which therefore did not vest, leaving Whicher with 22,283 shares of common stock held directly after the update.
HA Sustainable Infrastructure Capital executive Viral Amin, EVP and Chief Risk Officer, indirectly acquired 20,645 LTIP Units through HASI Management HoldCo LLC at a grant price of $0 under the 2022 Equity Incentive Plan. In total, 56,843 LTIP Units are outstanding, which may vest into an equal number of OP Units and can ultimately be exchanged for cash or common stock. Amin also directly holds 4,757 shares of common stock after these transactions.
HA Sustainable Infrastructure Capital executive Susan D. Nickey reported an equity award involving long-term incentive units. On March 2, 2026, an entity associated with her, HASI Management HoldCo LLC, was credited with 60,000 LTIP Units at a grant price of $0.00 per unit, reflecting a grant or award acquisition rather than a market purchase.
After this award, the filing shows 258,746 LTIP Units attributable to her pecuniary interest through HoldCo LLC, and separate indirect and direct holdings of common stock through a revocable trust and in her own name. A prior 14,059 LTIP Units portion did not vest because performance targets for the period ended December 31, 2025 were not met.
HA Sustainable Infrastructure Capital, Inc. reported an equity award involving Chief Revenue and Strategy Officer Marc T. Pangburn through HASI Management HoldCo LLC. An entity associated with him acquired 100,500 LTIP Units at $0.00 per unit, bringing his reported indirect interest in LTIP Units to 356,924 units.
These LTIP Units can vest and later convert into OP Units of the partnership, which may then be redeemable for cash or common stock of the company on a one-for-one basis, subject to conditions. Pangburn also directly holds 56,791 shares of common stock. He reports only his pecuniary interest in the HoldCo LLC units and disclaims beneficial ownership beyond that.
HA Sustainable Infrastructure Capital, Inc. reported an equity award to CFO & Treasurer Charles Melko through HASI Management HoldCo LLC. On March 2, 2026, an indirect grant of 34,500 LTIP Units was made at no cost, bringing his proportionate interest in LTIP Units held via HoldCo LLC to 121,664 units. These LTIP Units were granted under the company’s 2013 and 2022 equity incentive plans and may, after vesting and meeting parity conditions, convert into OP Units and ultimately cash or common stock on a one-for-one basis under the partnership agreement. As of this filing, Melko also directly holds 22,563 shares of common stock.
HA Sustainable Infrastructure Capital, Inc. reported that Chief Executive Officer Jeffrey Lipson had an indirect award of 238,500 LTIP Units on March 2, 2026, recorded as a grant or other acquisition at a price of $0.00 per unit. These LTIP Units are held by HASI Management HoldCo LLC, where Lipson is a member, and he reports only his proportionate pecuniary interest while disclaiming broader beneficial ownership.
After this award, a total of 1,017,090 LTIP Units are outstanding in which he has a reported interest, which may convert into an equal number of OP Units and ultimately cash or common stock upon vesting and satisfaction of partnership conditions. The filing also notes that 58,139 LTIP Units previously included in his totals did not vest because certain performance targets for the period ended December 31, 2025 were not met. Separately, Lipson directly holds 36,925 shares of the company’s common stock.
HA Sustainable Infrastructure Capital director-related entities reported stock sales. On February 17, 2026, the Jeffrey W. Eckel Revocable Trust completed open-market sales of 124,998 shares of common stock at a weighted average price of $39.22, leaving 330,171 shares held by the trust. Shares held by the reporting person’s spouse were also sold in open-market transactions, with 9,400 shares sold at a weighted average price of $39.34, leaving 9,050 shares held by the spouse.
The reporting person also reports direct ownership of 19,162 shares and indirect holdings of 2,887 shares as custodian for a grandson, while disclaiming beneficial ownership of the grandson’s shares. In addition, the reporting person has an indirect pecuniary interest in 754,627 LTIP Units held through HASI Management HoldCo LLC, which are ultimately tied to potential OP Units and common stock under the company’s equity incentive plans.