Form 4: Altus Power Director Tina Reich Disposes of Shares in Merger Transaction

Director Tina Reich reports the disposal of 59,549 shares of Altus Power Class A Common Stock due to the merger with Avenger Parent, Inc.

Summary

• Tina Reich, a director of Altus Power, Inc., filed a Form 4 indicating changes in beneficial ownership.
• The filing reports a transaction date of April 16, 2025.
• The transaction involves the disposal of 59,549 shares of Class A Common Stock.
• This disposal is a result of the merger between Altus Power and Avenger Parent, Inc., where Altus Power became a wholly-owned subsidiary of Avenger.
• Each share of Class A Common Stock was converted into the right to receive $5.00 in cash.
• Outstanding restricted stock units were converted into the right to receive the product of the number of shares underlying the award and the $5.00 merger consideration.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports a transaction resulting from a merger, without expressing positive or negative views.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects a trend of consolidation within the renewable energy sector, where companies are merging to achieve greater scale and efficiency.

Stakeholder Impact

• Shareholders received $5.00 per share as part of the merger consideration.
• Employees may experience changes as Altus Power becomes a subsidiary of Avenger Parent, Inc.

Key Dates

Keywords

Merger, Form 4, Beneficial Ownership, Altus Power, Avenger Parent, Director, AMPS, Shares