Brian Hummer - Sep 15, 2022 Form 4 Insider Report for Infrastructure & Energy Alternatives, Inc. (IEA)

Role
EVP, Operations
Signature
/s/ Brian Hummer
Stock symbol
IEA
Transactions as of
Sep 15, 2022
Transactions value $
-$671,895
Form type
4
Date filed
9/19/2022, 05:19 PM
Previous filing
Jun 6, 2022
Next filing
Oct 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IEA Common Stock, par value $0.0001 per share Exercise of in-the-money or at-the-money derivative security $604K +58.2K +42.6% $10.37 195K Sep 15, 2022 Direct F1
transaction IEA Common Stock, par value $0.0001 per share Tax liability -$672K -46.6K -23.93% $14.41 148K Sep 15, 2022 Direct F1, F2
holding IEA Common Stock, par value $0.0001 per share 48.9K Sep 15, 2022 Brian K. Hummer Revocable Trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IEA Option to purchase Common Stock, par value $0.0001 Exercise of in-the-money or at-the-money derivative security -$604K -58.2K -100% $10.37 0 Sep 15, 2022 Common Stock, par value $0.0001 per share 58.2K $10.37 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 46,627 shares withheld by issuer at the market price of $14.41 per share less an exercise price of $10.37 per share to fund the cashless exercise of 58,199 stock options and to cover the associated tax liability.
F2 Represents 98,715 shares of Common Stock and 49,484 restricted stock units that are subject to forfeiture and vesting.
F3 Held by Brian K. Hummer Revocable Trust.
F4 All of the shares subject to this option are fully vested and exercisable as of the date hereof.