Danny Abajian - Mar 1, 2023 Form 4 Insider Report for Sunrun Inc. (RUN)

Role
Chief Financial Officer
Signature
/s/ Jay Maloney, Attorney-in-Fact
Stock symbol
RUN
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/2/2023, 08:43 PM
Previous filing
Jan 6, 2023
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RUN Common Stock Award $0 +40K +26.98% $0.00 188K Mar 1, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 10, 2022, the Reporting Person was granted performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The Compensation Committee of the Issuer's Board of Directors certifies attainment based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met and 39,978 PRSUs were certified as attained on March 1, 2023. 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2023 and the remaining 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2024, subject to the Reporting Person's continued service through each vesting date.
F2 Shares held following the reported transaction include 120,657 restricted stock units, which are subject to forfeiture until they vest.