Dustin Weber - 15 Feb 2022 Form 4 Insider Report for Altus Power, Inc.

Role: CHIEF FINANCIAL OFFICER
Signature: By: /s/ Sophia Lee, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 15 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 17 Feb 2022, 17:40:50 UTC
Previous filing: 09 Dec 2021
Next filing: 17 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMPS	Class A Common Stock	Award	$0	+235,000	+13%	$0.000000	2,014,038	15 Feb 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 200,000 restricted stock units ("RSUs") granted to the Reporting Person on the transaction date pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock. RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: approximately 33.3% vesting on the third anniversary of the grant date,approximately 33.3% vesting on the fourth anniversary of the grant date, and approximately 33.4% of these RSUs vesting on the fifth anniversary of the grant date, with 60,000 of such RSUs further conditioned upon a stock price performance hurdle which will be satisfied if the stock price attains 25% annual compound annual growth rate measured based on an initial value of $10.00 per Share (i.e. on each of the third anniversary, the fourth anniversary, and the fifth anniversary of the date of grant, the stock price performance hurdle shall be $19.53, $24.41, $30.51, respectively).
F2	Includes 35,000 RSUs granted to the Reporting Person pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock. The RSUs willvest as follows: 33.3% vests on the first anniversary of grant, 33.3% vests on the second anniversary of the grant, and 33.4% vests on the third anniversary of the grant.

Content

Includes 200,000 restricted stock units ("RSUs") granted to the Reporting Person on the transaction date pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock. RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: approximately 33.3% vesting on the third anniversary of the grant date,approximately 33.3% vesting on the fourth anniversary of the grant date, and approximately 33.4% of these RSUs vesting on the fifth anniversary of the grant date, with 60,000 of such RSUs further conditioned upon a stock price performance hurdle which will be satisfied if the stock price attains 25% annual compound annual growth rate measured based on an initial value of $10.00 per Share (i.e. on each of the third anniversary, the fourth anniversary, and the fifth anniversary of the date of grant, the stock price performance hurdle shall be $19.53, $24.41, $30.51, respectively).

Includes 35,000 RSUs granted to the Reporting Person pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock. The RSUs willvest as follows: 33.3% vests on the first anniversary of grant, 33.3% vests on the second anniversary of the grant, and 33.4% vests on the third anniversary of the grant.