Spencer Mash - 22 Aug 2023 Form 4 Insider Report for Greenbacker Renewable Energy Co LLC

Role
Chief Financial Officer
Signature
/s/ Spencer Mash
Issuer symbol
N/A
Transactions as of
22 Aug 2023
Net transactions value
$0
Form type
4
Filing time
24 Aug 2023, 16:26:16 UTC
Previous filing
14 Feb 2023
SEC
View on sec.gov

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 Restricted Share Units (Time) Award $0 +75,466 $0.000000 75,466 22 Aug 2023 Class P-I Shares 75,466 Direct F1, F2, F3
transaction Restricted Share Units (Performance) Award $0 +301,864 $0.000000 301,864 22 Aug 2023 Class P-I Shares 301,864 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Greenbacker Renewable Energy Company LLC (the "Company") granted these restricted share units to the Reporting Person pursuant to the Company's 2023 Equity Incentive Plan.
F2 Each restricted share unit represents a contingent right to receive an amount equal to one Class P-I Share in (w) cash, (x) common shares (y) other securities or other property, as applicable, or (z) any combination thereof, as determined by the Company
F3 The restricted share units vest in three equal annual installments on each anniversary of May 26, 2023. Vested restricted share units will be settled as soon as reasonably practicable following such vesting.
F4 The restricted share units vest based on the satisfaction of certain performance criteria during the performance period beginning on May 23, 2023, and ending on May 23, 2026. Vested restricted share units will be settled as soon as reasonably practicable following such vesting.