Form 4: Hannon Armstrong Executive Susan Nickey Reports Acquisition of LTIP Units

Susan Nickey, EVP and Chief Client Officer of Hannon Armstrong, reports the acquisition of 60,000 LTIP units and adjustments to existing holdings.

Summary

• Susan D Nickey, EVP and Chief Client Officer of Hannon Armstrong Sustainable Infrastructure Capital, Inc., filed a Form 4.
• The report details changes in her beneficial ownership of the company's securities.
• On March 1, 2024, Ms. Nickey acquired 60,000 LTIP Units.
• These LTIP Units are convertible into OP Units, which can then be redeemed for cash or shares of Hannon Armstrong common stock.
• Ms. Nickey also reported adjustments to her existing holdings, including LTIP Units held by HASI Management HoldCo LLC and the Susan D Nickey Revocable Trust DTD 11/19/2021.
• 10,000 LTIP Units did not vest because certain performance targets for the performance period ended December 31, 2023 were not met.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. The sentiment is neutral, reflecting routine executive compensation and alignment with company performance.

Positives

• The acquisition of LTIP units aligns Ms. Nickey's interests with the long-term performance of Hannon Armstrong.

Negatives

• 10,000 LTIP Units previously included in the total did not vest because certain performance targets for the performance period ended December 31, 2023 were not met.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates