Form 4: Altus Power Co-CEO Gregg Felton Buys $60,000 in Company Stock

Gregg Felton, Co-CEO, Co-Founder, and Co-President of Altus Power, Inc., recently purchased 12,500 shares of Class A Common Stock at an average price of $4.78.

Summary

• On March 28, 2024, Gregg J Felton, Co-CEO, Co-Founder, and Co-President of Altus Power, Inc. (AMPS), purchased 12,500 shares of Class A Common Stock.
• The purchase was made at a weighted average price of $4.78 per share.
• Following the transaction, Felton directly owns 3,689,860 shares and indirectly owns 11,894,603 shares through Felton Asset Management LLC.
• The indirect holdings are disclaimed by Felton except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The insider purchase suggests confidence, but it's a relatively small transaction in the context of overall holdings.

Positives

• The purchase of shares by a high-ranking executive could be seen as a positive signal about the executive's confidence in the company's future prospects.

Industry Context

Insider buying is often viewed as a positive sign, suggesting that a company insider believes the company's stock is undervalued or that the company will perform well in the future. However, it is only one factor to consider when evaluating a stock.

Key Dates