Form 4: Hannon Armstrong Director Kimberly A. Reed Reports Acquisition of LTIP Units

Director Kimberly A. Reed reports acquiring 6,126 Long-Term Incentive Plan (LTIP) Units in Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Summary

• On June 6, 2024, Kimberly A. Reed, a director of Hannon Armstrong Sustainable Infrastructure Capital, Inc., reported the acquisition of 6,126 Long-Term Incentive Plan (LTIP) Units.
• Following the transaction, Reed directly owns 9,567 LTIP Units.
• These LTIP Units are in Hannon Armstrong Sustainable Infrastructure, LP and are issuable upon vesting and conversion.
• Vested LTIP Units can be converted into OP Units on a one-for-one basis, subject to conditions in the Partnership Agreement.
• Upon conversion, Reed can redeem OP Units for cash or shares of Hannon Armstrong's common stock on a one-for-one basis, subject to adjustments.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any specific positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company directors and their alignment with shareholder interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings and alignment with company performance.

Key Dates