Steven G Osgood, a director of Hannon Armstrong Sustainable Infrastructure Capital, Inc., recently acquired 1,000 shares of the company. The buys took place at $32.10 per share, on November 10, 2022. Osgood now owns 29,281 shares of the company. Osgood operates out of Annapolis, MD. Some additional info was provided as follows:
9,978 units of limited partner interest ("OP Units") in Hannon Armstrong Sustainable Infrastructure, LP (the "Partnership") are issuable upon vesting and the conversion of 9,978 long-term incentive plan units ("LTIP Units") in the Partnership. Vested LTIP Units, after achieving parity with OP Units, are eligible to be converted into OP Units (as described in the Partnership's Amended and Restated Agreement of Limited Partnership (the "Partn ership Agreement")) 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 Hannon Armstrong 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.
Includes 9,346 LTIP Units previously reported as Direct Ownership which are now held indirectly by Steven G Osgood TTEE Steven G Osgood TR U/A DTD 09 09 2019.
These LTIP Units are held Steven G Osgood TREE Steven G Osgood TR U/A DTD 09/09/2019, of which Mr. Osgood is the trustee. Ms. Osgood possesses the voting and investment power with respect to the shares of LTIP Units held by the Trust.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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