Form 4: Hannon Armstrong EVP Daniel McMahon Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Daniel McMahon, EVP of Hannon Armstrong, reports acquisition of LTIP Units and adjustments to beneficial ownership following vesting and performance target outcomes.
Summary
- Daniel K. McMahon, EVP of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), filed a Form 4 detailing changes in his beneficial ownership.
- On March 1, 2024, McMahon acquired 22,404 LTIP Units.
- He directly owns 118,625 shares of common stock.
- He indirectly owns 205,393 LTIP Units through HASI Management HoldCo LLC, where he is a member.
- 15,000 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, so the sentiment is neutral.
Negatives
- 15,000 LTIP Units did not vest due to unmet performance targets for the period ending December 31, 2023.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Acquisition of 22,404 LTIP Units |
| 12/31/2023 | Performance period end date for LTIP Units that did not vest |
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