Form 4: Altus Power CEO Gregg Felton Acquires Additional Shares

Altus Power's CEO, Gregg J Felton, purchased 34,139 shares of Class A Common Stock at an average price of $3.99 on June 7, 2024.

Summary

• On June 7, 2024, Gregg J Felton, the Co-Founder, CEO, and President of Altus Power, Inc. acquired 34,139 shares of Class A Common Stock.
• The shares were purchased at a weighted average price of $3.99, with individual transactions ranging from $3.96 to $4.00.
• Following the transaction, Felton directly owns 4,094,857 shares and indirectly owns 12,044,603 shares through Felton Asset Management LLC.
• Felton disclaims beneficial ownership of the shares held by Felton Asset Management LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying can be a positive signal, but the impact is limited without more context.

Positives

• The CEO's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued. However, it's important to consider the overall context of the company's performance and industry trends.

Stakeholder Impact

• Shareholders may view the CEO's purchase as a positive signal.
• The purchase has a limited impact on other stakeholders.

Key Dates