Form 4: Altus Power Director Richard A. Shapiro Reports Acquisition of Class A Common Stock

Director Richard A. Shapiro reports acquisition of Class A Common Stock in Altus Power, Inc. through Restricted Stock Units (RSUs).

Summary

• Richard A. Shapiro, a director of Altus Power, Inc., reported the acquisition of Class A Common Stock.
• The transactions involved the acquisition of 24,261 shares on August 1, 2024, through Restricted Stock Units (RSUs) that vest 100% on the date of the Issuer's 2025 annual meeting of stockholders.
• Additionally, 24,096 shares were acquired on August 1, 2024, through RSUs that vest 50% on August 1, 2025, and 50% on August 1, 2026.
• Following these transactions, Shapiro beneficially owns 48,357 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of stock options being granted. It is neither particularly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The RSUs are subject to continued service to the Issuer through the vesting dates, indicating an expectation of continued involvement by the reporting person.

Industry Context

This filing is a routine disclosure related to insider transactions, common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates