HASI.NYSEHa Sustainable Infrastructure Capital, INC

Form 4: Hannon Armstrong CFO Marc Pangburn Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Chief Financial Officer Marc T. Pangburn reports changes in beneficial ownership of Hannon Armstrong Sustainable Infrastructure Capital, Inc. securities, including the acquisition of LTIP Units.

Summary

  • Marc T. Pangburn, CFO of Hannon Armstrong, filed a Form 4 detailing changes in his beneficial ownership of the company's securities on March 1, 2024.
  • The report indicates the acquisition of 73,500 LTIP Units on March 1, 2024.
  • Pangburn directly owns 53,291 shares of common stock.
  • He also indirectly owns 179,124 LTIP Units through HASI Management HoldCo, LLC, where he is a member.
  • 10,000 LTIP Units previously included in the total did not vest because certain performance targets for the period ending December 31, 2023, were not met.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but the failure of some LTIP units to vest is a slightly negative signal.

Negatives

  • 10,000 LTIP Units did not vest because certain performance targets for the period ending December 31, 2023, were not met.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CFO's holdings of company stock and related instruments.

Key Dates

DateDescription
03/01/2024Date of earliest transaction and filing date; acquisition of 73,500 LTIP Units.
December 31, 2023Performance period end date for LTIP Units that did not vest.

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