Form 4: Altus Power Executive Sells Shares to Cover Tax Obligations

Anthony Savino, Cofounder and Chief Construction Officer of Altus Power, sold 8,823 shares of Class A Common Stock to cover tax withholding obligations.

Summary

• On February 20, 2025, Anthony Savino, the Cofounder and Chief Construction Officer of Altus Power, sold 8,823 shares of Class A Common Stock at a price of $4.91 per share.
• The sale was executed to satisfy tax withholding obligations through a 'sell to cover' transaction.
• Following the transaction, Savino directly owns 4,088,231 shares of Altus Power's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale for tax purposes, which is neutral in sentiment.

Industry Context

This is a routine Form 4 filing related to an insider stock sale, common for executives to cover tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates

Keywords

Altus Power, AMPS, Anthony Savino, stock sale, Form 4, insider trading, tax withholding, sell to cover