Anthony Savino - 22 Mar 2024 Form 4 Insider Report for Altus Power, Inc.

Role: COFOUNDER,CHIEF CONST. OFFICER
Signature: /s/ Sophia Lee, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 22 Mar 2024
Net transactions value: -$132,582
Form type: 4
Filing time: 05 Apr 2024, 18:07:28 UTC
Previous filing: 26 Feb 2024
Next filing: 24 Feb 2025
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	Tax liability	$132,582	-27,679	-0.71%	$4.79	3,859,984	22 Mar 2024	Direct	F1
transaction	AMPS	Class A Common Stock	Award	$0	+92,719	+2.4%	$0.000000	3,952,703	28 Mar 2024	Direct	F2
transaction	AMPS	Class A Common Stock	Award	$0	+144,351	+3.7%	$0.000000	4,097,054	28 Mar 2024	Direct	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	AMPS	Performance Stock Unit	Award	$0	+96,234		$0.000000	96,234	28 Mar 2024	Class A Common Stock	96,234		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Company withheld securities to cover payment of withholding tax liability incident to the vesting of a security issued in accordance with Rule 16b-3.
F2	Represents 92,719 restricted stock units ("RSUs") granted to the Reporting Person on the transaction date pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive one share of the Issuer's Class A Common Stock. The RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: 50% vesting on the first anniversary of the grant date and 50% vesting on the second anniversary of the grant date.
F3	Represents 144,351 RSUs granted to the Reporting Person on the transaction date pursuant to the Plan. Each RSU represents the right to receive one share of Issuer's Class A 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 first anniversary of the grant date, approximately 33.3% vesting on the second anniversary of the grant date, and approximately 33.4% vesting on the third anniversary of the grant date.
F4	Represents 96,234 performance stock units, each of which represents the right to receive one share of the Issuer's Class A Common Stock and which vest in one installment on the third anniversary of the grant date based upon the Issuer's total stockholder return when compared to the Invesco Solar ETF ("TAN"), subject to certain adjustments, and the Russell 2000 index, assigning a weight of 50% to each. The number of performance stock units vested, and thus shares of Class A Common Stock issued, could range from 0 to 150% of the amount reported on this Form 4.