Form 4: Altus Power CFO Weber Sells Shares to Cover Tax Obligations

Dustin Weber, CFO of Altus Power, Inc., sold 15,480 shares of Class A Common Stock on April 7, 2025, to satisfy tax withholding obligations.

Summary

• Dustin Weber, the Chief Financial Officer of Altus Power, Inc., sold 15,480 shares of Class A Common Stock on April 7, 2025.
• The sale was executed at a price of $4.96 per share.
• The transaction was conducted to cover tax withholding obligations related to previous stock awards.
• Following the transaction, Weber directly owns 1,966,208 shares of Class A Common Stock.

Sentiment

Score: 6

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 executive's confidence in the company.

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.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations. The impact on the stock price is usually minimal unless the sale is substantial or indicative of a negative outlook.

Stakeholder Impact

• The sale of shares may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates

Keywords

Altus Power, Dustin Weber, CFO, Form 4, Share Sale, Tax Withholding, AMPS, Class A Common Stock