Filing Details
- Accession Number:
- 0001561894-24-000101
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-09-17 16:14:17
- Reporting Period:
- 2024-09-13
- Accepted Time:
- 2024-09-17 16:14:17
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1561894 | Ha Sustainable Infrastructure Capital Inc. | HASI | Real Estate Investment Trusts (6798) | 461347456 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1574200 | Jeffrey Eckel | One Park Place Suite 200 Annapolis MD 21401 | Executive Chair | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | Disposition | 2024-09-13 | 109,670 | $34.92 | 473,049 | No | 4 | S | Indirect | By Jeffrey W. Eckel Revocable Trust |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2024-09-16 | 36,330 | $34.75 | 436,719 | No | 4 | S | Indirect | By Jeffrey W. Eckel Revocable Trust |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2024-09-16 | 18,450 | $0.00 | 455,169 | No | 4 | J | Indirect | By Jeffrey W. Eckel Revocable Trust |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2024-09-16 | 18,450 | $0.00 | 18,450 | No | 4 | J | Indirect | By spouse |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By Jeffrey W. Eckel Revocable Trust |
| No | 4 | S | Indirect | By Jeffrey W. Eckel Revocable Trust |
| No | 4 | J | Indirect | By Jeffrey W. Eckel Revocable Trust |
| No | 4 | J | Indirect | By spouse |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | 19,162 | Direct | |
| Common Stock, Par Value $0.01 Per Share | 2,887 | Indirect | By grandson |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | LTIP Units | $0.00 | 778,117 | 778,117 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 778,117 | 778,117 | Indirect |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.75 to $35.07, inclusive, on September 13, 2024. The reporting person undertakes to provide HA Sustainable Infrastructure Capital, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- These shares are held by the Jeffrey W. Eckel Revocable Trust, of which Jeffrey W. Eckel is the sole trustee and beneficiary.
- On September 16, 2024, the reporting person's spouse transferred 18,450 shares into the Jeffrey W. Eckel Revocable Trust.
- These shares are held by the reporting person's spouse. The reporting person disclaims ownership other than to the extent of his pecuniary interest.
- The reporting person acts as custodian for his grandson under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- 778,117 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon the vesting and conversion of 758,117 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan, as amended, and the Issuer's 2022 Equity Incentive Plan.
- Vested LTIP Units, after achieving parity with OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement")), are eligible to be converted into OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement. Upon conversion of LTIP Units into OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's OP Units for cash in an amount equal to the market value (as defined in the Partnership Agreement) of an equivalent number of shares of common stock, par value $0.01 per share, of HA Sustainable Infrastructure Capital, Inc. (the "Issuer"), or at the Issuer's option, shares of the Issuer's common stock on a one-for-one basis, subject to certain adjustments.
- N/A
- These LTIP Units are held by HASI Management HoldCo LLC ("HoldCo LLC"). The Reporting Person is a member of HoldCo LLC. The LTIP Units reported represent only the number of LTIP Units in which the Reporting Person has a pecuniary interest in accordance with his proportionate interest in HoldCo LLC. The Reporting Person is voluntarily reporting his proportionate interest in HoldCo LLC's ownership of LTIP Units. The Reporting Person disclaims beneficial ownership other than to the extent of his pecuniary interest.
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