Form 4: Altus Power Executive Anthony Savino Receives Stock Grants

Anthony Savino, Cofounder and Chief Construction Officer of Altus Power, Inc., was granted a total of 314,983 restricted stock units (RSUs) on March 28, 2025.

Summary

• On March 28, 2025, Anthony Savino, the Cofounder and Chief Construction Officer of Altus Power, Inc., received 61,983 and 253,000 restricted stock units (RSUs).
• The RSUs were granted under the Altus Power, Inc. 2021 Omnibus Incentive Plan.
• Each RSU represents the right to receive one share of the company's Class A Common Stock.
• The 61,983 RSUs vest in two tranches: 50% on the first anniversary and 50% on the second anniversary of the grant date.
• The 253,000 RSUs vest in three tranches: approximately 33.3% on the first anniversary, approximately 33.3% on the second anniversary, and approximately 33.4% on the third anniversary of the grant date.
• Following these transactions, Savino directly owns 4,403,214 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is moderately positive as it indicates continued investment in key personnel.

Positives

• The grant of RSUs to a key executive like Anthony Savino can be seen as a positive sign, aligning his interests with the long-term success of Altus Power.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs.

Industry Context

This type of stock grant is a common practice in publicly traded companies to incentivize and retain key executives, particularly in growth-oriented sectors like renewable energy.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the renewable energy industry, often benchmarked against peer companies of similar size and growth stage.
• Companies like SolarEdge, Enphase Energy, and SunPower also utilize stock-based compensation to align executive interests with shareholder value.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to drive long-term value.
• Employees may see this as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

RSU, Altus Power, Anthony Savino, Stock Grant, Beneficial Ownership, Form 4, AMPS, Securities