Form 4: Altus Power Director Lars Norell Reports Significant Share Transaction

Lars Norell, a director at Altus Power, reported the disposition of 4,050,000 Class A Common Stock shares and 122,648 shares held indirectly through Start Capital LLC.

Summary

• Lars Norell, a director of Altus Power, Inc., filed a Form 4 disclosing a transaction involving the company's Class A Common Stock.
• On December 30, 2024, Mr. Norell disposed of 4,050,000 shares of Class A Common Stock.
• The transaction was a disposition, and the price per share was $0.
• Following the transaction, Mr. Norell indirectly beneficially owns 17,570,665 shares through Start Capital LLC.
• Additionally, 122,648 shares were disposed of.
• Mr. Norell has granted a limited power of attorney to Gioia Gentile to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a share transaction by a company director. It does not inherently indicate positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for directors and officers of publicly traded companies in the United States, as mandated by the SEC.
• The reporting of share transactions by insiders is a common practice across all publicly listed companies, including those in the renewable energy sector like Altus Power.
• The level of detail provided in this Form 4 is consistent with what is typically seen in similar filings by other companies.

Stakeholder Impact

• The transaction may be of interest to shareholders as it provides insight into the trading activity of a company director.
• The filing ensures transparency and compliance with SEC regulations.

Key Dates

Keywords

Altus Power, Lars Norell, Form 4, SEC, Class A Common Stock, Share Disposition, Beneficial Ownership, Start Capital LLC, Power of Attorney, Gioia Gentile