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

Altus Power's CEO, Gregg Felton, sold 87,048 shares of Class A Common Stock to cover tax withholding obligations on April 7, 2025.

Summary

• On April 7, 2025, Gregg J Felton, the CEO, President, and Co-Founder of Altus Power, Inc. [AMPS], sold 87,048 shares of Class A Common Stock at a price of $4.96 per share.
• The sale was executed to satisfy tax withholding obligations through a 'sell to cover' transaction.
• Following the transaction, Felton directly owns 3,852,712 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, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is related to tax obligations and doesn't indicate a change in the company's fundamentals or management's outlook.

Management Comments

• The sale was made to satisfy tax withholding obligations through a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.
• The Reporting Person disclaims beneficial ownership of such shares held by Felton Asset Management LLC, except to the extent of his pecuniary interest therein.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the company's prospects or management's confidence.

Key Dates

Keywords

Altus Power, AMPS, Gregg Felton, CEO, stock sale, Form 4, tax withholding, Class A Common Stock, Felton Asset Management