Form 4: Altus Power CEO Gregg Felton Increases Stake in Company

Altus Power's CEO, Gregg J Felton, has recently increased his holdings in the company through multiple transactions.

Summary

• Gregg J Felton, the CEO, President, and Co-Founder of Altus Power, Inc., has reported changes in his beneficial ownership of the company's stock.
• On June 3, 2024, Felton acquired 8,285 shares of Class A Common Stock at a price of $4.03 per share.
• On June 4, 2024, he acquired an additional 25,000 shares of Class A Common Stock at a weighted average price of $3.99 per share, with prices ranging from $3.98 to $4.02.
• Following these transactions, Felton directly owns 4,094,857 shares and indirectly owns 12,010,464 shares through Felton Asset Management LLC.
• Felton disclaims beneficial ownership of shares held by Felton Asset Management LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: Insider buying is generally viewed positively, suggesting confidence in the company's prospects. However, it's just one data point and needs to be considered alongside other factors.

Positives

• The CEO's increased investment in the company may signal confidence in Altus Power'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. It's a common practice and is closely monitored by investors.

Key Dates