Lars Norell - 15 Feb 2022 Form 4/A Insider Report for Altus Power, Inc.

Role: CO-FOUNDER CO-CEO CO-PRESIDENT, Director, 10%+ Owner
Signature: /s/ Sophia Lee, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 15 Feb 2022
Net transactions value: $0
Form type: 4/A
Filing time: 05 Apr 2024, 18:01:14 UTC
Date Of Original Report: 17 Feb 2022
Previous filing: 09 Dec 2021
Next filing: 19 Apr 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	+3,245,212		$0.000000	3,245,212	15 Feb 2022	Direct	F1, F2
holding	AMPS	Class A Common Stock						21,774,907	15 Feb 2022	By Start Capital LLC	F3
holding	AMPS	Class A Common Stock						2,854,545	15 Feb 2022	By Start Capital Trust	F4
holding	AMPS	Class A Common Stock						1,427,272	15 Feb 2022	By Viola Profectus Trust	F5
holding	AMPS	Class A Common Stock						1,427,272	15 Feb 2022	By Excelsior Profectus Trust	F5
holding	AMPS	Class A Common Stock						1,427,272	15 Feb 2022	By Latifolia Profectus Trust	F5

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

Explanation of Responses:

Id	Content
F1	Represents 3,245,212 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. The 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 2,596,170 of such RSUs further conditioned upon a stock price performance hurdle which will be satisfied if the stock price attains25% 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 $14, $18, and $22, respectively).
F2	This Form 4/A amends the Form 4 filed by the Reporting Person on February 17, 2022, which was subsequently amended on April 19, 2023, solely to reflect the amendment of the stock price performance hurdles set forth in footnote (1) as approved by the compensation committee of the Issuer on March 28, 2024.
F3	Shares held by Start Capital LLC, of which the Reporting Person is the managing member. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F4	Shares held by Start Capital Trust, for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.
F5	Shares held in an irrevocable trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.