David Sher - Aug 22, 2023 Form 4 Insider Report for Greenbacker Renewable Energy Co LLC (N/A)

Role
Director
Signature
/s/ David Sher
Stock symbol
N/A
Transactions as of
Aug 22, 2023
Transactions value $
$0
Form type
4
Date filed
8/24/2023, 04:28 PM
Previous filing
Feb 14, 2023
Next filing
May 28, 2024

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 N/A Restricted Share Units (Time) Award $0 +52.5K $0.00 52.5K Aug 22, 2023 Class P-I Shares 52.5K Direct F1, F2, F3
transaction N/A Restricted Share Units (Performance) Award $0 +210K $0.00 210K Aug 22, 2023 Class P-I Shares 210K 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.