Form 4: Altus Power CEO Gregg Felton Sells Shares to Cover Tax Obligations

Altus Power's CEO, Gregg J Felton, sold 83,936 shares of Class A Common Stock to cover tax withholding obligations on March 31, 2025.

Summary

• On March 31, 2025, Gregg J Felton, CEO and President of Altus Power, Inc., sold 83,936 shares of Class A Common Stock at a price of $4.95 per share.
• The sale was executed to satisfy tax withholding obligations through a 'sell to cover' transaction.
• Following the transaction, Felton directly owns 3,939,760 shares of Class A Common Stock.
• Felton also indirectly owns 12,044,603 shares through Felton Asset Management LLC, where he is the managing member.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the CEO's outlook on the company.

Industry Context

Insider trading activity is always closely watched by investors. While this sale was to cover tax obligations, it's important to monitor further transactions by insiders to gauge their confidence in the company's future prospects.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to the increased supply in the market, but the impact is likely to be minimal given the reason for the sale.

Key Dates

Keywords

Altus Power, AMPS, Gregg Felton, insider trading, Form 4, stock sale, tax obligations, Class A Common Stock, Felton Asset Management