Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AMPS | Class A Common Stock | Award | $0 | +235K | +13.21% | $0.00 | 2.01M | Feb 15, 2022 | Direct | F1, F2, F3 |
Id | Content |
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F1 | Includes 200,000 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. 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 60,000 of such RSUs further conditioned upon a stock price performance hurdle which will be satisfied if the stock price attains 25% 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 | Includes 35,000 RSUs granted to the Reporting Person pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock. The RSUs will vest as follows: 33.3% vests on the first anniversary of grant, 33.3% vests on the second anniversary of the grant, and 33.4% vests on the third anniversary of the grant. |
F3 | This Form 4/A amends the Form 4 filed by the Reporting Person on February 17, 2022 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. |