Form 4: Hannon Armstrong CFO Acquires 3,500 Shares in Open Market Transaction

Hannon Armstrong's Chief Financial Officer, Marc T. Pangburn, purchased 3,500 shares of common stock at $28.71 per share on November 11, 2024.

Summary

• Marc T. Pangburn, the Chief Financial Officer of Hannon Armstrong Sustainable Infrastructure Capital, Inc., acquired 3,500 shares of the company's common stock on November 11, 2024.
• The purchase price was $28.71 per share.
• Following the transaction, Mr. Pangburn directly owns 56,791 shares of common stock.
• Mr. Pangburn also indirectly holds 179,124 long-term incentive plan units (LTIP Units) through HASI Management HoldCo, LLC, which are convertible into common stock.
• These LTIP Units are held by HASI Management HoldCo LLC, of which Mr. Pangburn is a member, and represent his proportionate interest in the company.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is generally neutral to slightly positive as it indicates confidence from a company executive. There is no indication of any negative sentiment.

Positives

• The purchase of shares by the CFO could be seen as a positive signal of confidence in the company's future prospects.
• The acquisition increases the CFO's direct stake in the company.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Similar filings are made by executives at comparable companies such as NextEra Energy Partners (NEP) and Clearway Energy (CWEN) when they engage in stock transactions.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the CFO's increased investment in the company.

Key Dates

Keywords

Hannon Armstrong, HASI, insider trading, Form 4, Marc T. Pangburn, Chief Financial Officer, stock purchase, LTIP Units, equity