Form 4: Altus Power Director Richard N. Peretz Acquires Shares Through Restricted Stock Units

Director Richard N. Peretz acquired shares of Altus Power, Inc. through the vesting of restricted stock units (RSUs).

Summary

• On June 20, 2024, Richard N. Peretz, a director of Altus Power, Inc., acquired shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• 29,551 shares vested, with full vesting expected at the 2025 annual meeting.
• An additional 47,281 shares vested, with 50% vesting at the 2025 annual meeting and the remaining 50% at the 2026 annual meeting.
• These acquisitions increased Peretz's direct ownership to 87,339 and 134,620 shares respectively.
• The RSUs were awarded under Altus Power's 2021 Omnibus Incentive Plan and are contingent upon continued service to the Issuer.

Sentiment

Score: 7

Explanation: Routine insider transaction; positive as it aligns director's interests with shareholders, but not a major market-moving event.

Positives

• The vesting of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment to Altus Power.

Future Outlook

The vesting of RSUs is tied to future annual meetings, contingent on continued service.

Industry Context

This is a standard practice for aligning executive compensation with company performance in the renewable energy sector.

Stakeholder Impact

• The vesting of RSUs aligns the director's interests with those of the shareholders.
• Continued service requirement benefits the company and its stakeholders.

Key Dates