Form 4: Altus Power CEO Gregg Felton Receives Stock Grants

Altus Power CEO Gregg Felton was granted restricted stock units (RSUs) and holds a significant number of Class A Common Stock shares both directly and indirectly.

Summary

• Gregg Felton, CEO of Altus Power, received grants of Class A Common Stock and restricted stock units (RSUs) on March 28, 2025.
• He was granted 103,387 RSUs that vest 50% on the first anniversary and 50% on the second anniversary of the grant date.
• An additional 462,000 RSUs were granted, vesting approximately 33.3% on the first and second anniversaries, and 33.4% on the third anniversary.
• Felton directly owns 4,589,083 shares of Class A Common Stock.
• He also indirectly owns 12,044,603 shares through Felton Asset Management LLC, where he is the managing member.

Sentiment

Score: 6

Explanation: The document itself is neutral, reporting standard equity grants. The sentiment is slightly positive as it indicates continued investment in the CEO's role.

Positives

• The RSU grants align the CEO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CEO.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of equity grant is a common practice in publicly traded companies to incentivize and retain key executives. The vesting schedule is typical for such grants.

Comparison to Industry Standards

• Equity grants to CEOs are standard practice across the industry.
• Vesting schedules of 2-3 years are common for restricted stock units.
• The size of the grant relative to the company's market capitalization would need to be compared to peer companies to assess its appropriateness.

Stakeholder Impact

• The RSU grants could have a dilutive effect on existing shareholders, although the impact is likely to be minimal.
• The grants incentivize the CEO to increase shareholder value.

Key Dates

Keywords

Altus Power, Gregg Felton, RSU, Class A Common Stock, Beneficial Ownership, SEC Form 4, Equity, Incentive Plan