4//SEC Filing
Butt Richard Craig 4
Accession 0001753926-22-000781
CIK 0001563922other
Filed
May 22, 8:00 PM ET
Accepted
May 23, 7:16 PM ET
Size
8.1 KB
Accession
0001753926-22-000781
Insider Transaction Report
Form 4
Butt Richard Craig
Chief Financial Officer
Transactions
- Award
Class P-I Common Shares
2022-05-19$8.80/sh+1,113,751$9,798,781→ 1,144,739 total - Award
Class EO Common Shares
2022-05-19+463,490→ 463,490 total
Footnotes (4)
- [F1]Reflects shares of Class P-I Common Shares distributed to the Reporting Person on May 19, 2022, in his capacity as a member of Greenbacker Group LLC ("Group LLC"), in connection with a management acquisition (the "Acquisition") by Greenbacker Renewable Energy Company LLC (the "Company"). The Reporting Person may receive up to additional 137,655 shares from Group LLC upon release from holdback arrangements between the Company and Group LLC.
- [F2]Reflects the last reported net asset value per share published by the Company on March 31, 2022.
- [F3]Includes approximately 1,947 shares of Class P-I Common Shares acquired under the distribution reinvestment plan of Greenbacker Renewable Energy Company LLC since the Reporting Person's last report.
- [F4]Reflects shares of Class EO Common Shares ("Earnout Shares") issued to the Reporting Person on May 19, 2022, in his capacity as a member of Group LLC, in connection with the Acquisition. These Earnout Shares initially do not have the right to participate in any distributions payable by the Company. Upon the achievement of separate benchmark quarter-end run-rate revenue targets, or upon the occurrence of certain liquidity events, however, these Earnout Shares can become "Participating Earnout Shares" and become entitled to priority allocation of profits and increases in value from the Company and will have equivalent economic and voting rights as Class P-I Common Shares, as further described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 23, 2022.
Documents
Issuer
Greenbacker Renewable Energy Co LLC
CIK 0001563922
Entity typeother
Related Parties
1- filerCIK 0001331654
Filing Metadata
- Form type
- 4
- Filed
- May 22, 8:00 PM ET
- Accepted
- May 23, 7:16 PM ET
- Size
- 8.1 KB