Form 4: Altus Power CFO Dustin Weber Receives Stock Grants

Dustin Weber, CFO of Altus Power, Inc., reports the acquisition of restricted stock units (RSUs) in the company.

Summary

• Dustin Weber, the Chief Financial Officer of Altus Power, Inc., filed a Form 4 on April 11, 2025, reporting transactions that occurred on March 28, 2025.
• Weber acquired 61,983 Class A Common Stock RSUs and 258,600 Class A Common Stock RSUs.
• These RSUs were granted under the Altus Power, Inc. 2021 Omnibus Incentive Plan.
• The 61,983 RSUs vest 50% on the first anniversary and 50% on the second anniversary of the grant date.
• The 258,600 RSUs vest approximately 33.3% on the first and second anniversaries, and approximately 33.4% on the third anniversary of the grant date.
• Following these transactions, Weber directly owns 2,323,194 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs to the CFO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
• The vesting schedule encourages long-term commitment from the CFO.

Industry Context

The granting of stock-based compensation is a common practice in the industry to attract and retain key executives and align their interests with those of the shareholders.

Comparison to Industry Standards

• Stock grants to executives are a standard practice across the renewable energy industry.
• Comparing the size and vesting schedule of these grants to those of executives at companies like SunPower or Enphase Energy would provide a benchmark for assessing their competitiveness.

Stakeholder Impact

• Shareholders may view the RSU grants positively as they align management's interests with the company's long-term success.
• Employees may see the grants as a sign of the company's commitment to its leadership.

Key Dates

Keywords

Altus Power, AMPS, Dustin Weber, CFO, Form 4, RSU, Restricted Stock Units, Beneficial Ownership, Securities, Stock Grant