Form 4: Altus Power Director Tina Reich Reports Acquisition of Restricted Stock Units

Director Tina Reich acquired 29,551 Restricted Stock Units (RSUs) of Altus Power, Inc. on June 20, 2024.

Summary

• On June 20, 2024, Tina Reich, a director of Altus Power, Inc., acquired 29,551 Restricted Stock Units (RSUs).
• These RSUs represent the right to receive one share of Class A common stock each.
• The RSUs were awarded under the Issuer's 2021 Omnibus Incentive Plan.
• The RSUs vest in full on the date of the Issuer's 2025 annual meeting of stockholders, expected in May 2025, contingent upon continued service to the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by a director is generally seen as a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs vest in full on the date of the Issuer's 2025 annual meeting of stockholders, which is expected to take place in May 2025, subject to the Reporting Person's continued service to the Issuer through such date.

Industry Context

This filing is a routine disclosure related to equity compensation for a company director, common in publicly traded companies.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates