Scott L. Graves - May 9, 2022 Form 4 Insider Report for Infrastructure & Energy Alternatives, Inc. (IEA)

Role
Director
Signature
/s/ Chris Kerezsi, by power of attorney
Stock symbol
IEA
Transactions as of
May 9, 2022
Transactions value $
$0
Form type
4
Date filed
5/11/2022, 04:05 PM
Previous filing
May 9, 2022
Next filing
Oct 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IEA Common Stock, $0.0001 par value per share Award $0 +3.15K $0.00 3.15K May 9, 2022 Direct F1, F2, F3
transaction IEA Common Stock, $0.0001 par value per share Other $0 -3.15K -100% $0.00* 0 May 9, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 3,149 shares of common stock granted to Scott Graves, Partner and Co-Head of Private Equity Group at Ares Management LLC, as a director of Infrastructure and Energy Alternatives, Inc. (the "Issuer").
F2 Ares Management LLC, on behalf of its affiliated funds, investment vehicles and/or managed accounts, designated Mr. Graves to be appointed to the Issuer's board of directors on August 17, 2021. Pursuant to an agreement between Ares Management LLC and Mr. Graves, Mr. Graves has agreed to pay Ares Management LLC all of his director compensation, and has instructed the Issuer to pay all such compensation directly to Ares Management LLC. Accordingly, Ares Management LLC is the direct holder of the 3,149 shares of common stock granted to Mr. Graves on May 9, 2022.
F3 Mr. Graves expressly disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that Mr. Graves is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.