0001469367-23-000039.txt : 20230302
0001469367-23-000039.hdr.sgml : 20230302
20230302214351
ACCESSION NUMBER: 0001469367-23-000039
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230301
FILED AS OF DATE: 20230302
DATE AS OF CHANGE: 20230302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dickson Paul S.
CENTRAL INDEX KEY: 0001618959
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37511
FILM NUMBER: 23701521
MAIL ADDRESS:
STREET 1: C/O SUNRUN INC.
STREET 2: 225 BUSH STREET, SUITE 1400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sunrun Inc.
CENTRAL INDEX KEY: 0001469367
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
IRS NUMBER: 262841711
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 225 BUSH STREET, SUITE 1400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
BUSINESS PHONE: 415-580-6900
MAIL ADDRESS:
STREET 1: 225 BUSH STREET, SUITE 1400
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
FORMER COMPANY:
FORMER CONFORMED NAME: SunRun Inc.
DATE OF NAME CHANGE: 20090730
4
1
wf-form4_167781141716172.xml
FORM 4
X0306
4
2023-03-01
0
0001469367
Sunrun Inc.
RUN
0001618959
Dickson Paul S.
225 BUSH STREET, SUITE 1400
SAN FRANCISCO
CA
94104
0
1
0
0
Chief Revenue Officer
Common Stock
2023-03-01
4
A
0
3290
0
A
157648
D
Common Stock
2023-03-01
4
S
0
906
25.5105
D
156742
D
Common Stock
2023-03-01
4
A
0
36029
0
A
192771
D
On December 6, 2021, the Reporting Person was granted performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The PRSUs vest on the date that the Compensation Committee of the Issuer's Board of Directors certifies attainment, based on the Issuer's satisfaction of certain performance criteria during each of the years from 2022 to 2025. The performance criteria for the first measurement period ending December 31, 2022 were met and certified on March 1, 2023, resulting in the issuance of 3,290 shares of the Issuer's Common Stock.
Shares sold to cover tax obligation from settlement of vested PRSUs.
Price represents the weighted average sale price of the shares sold. The sale price ranged from $25.51 to $25.53 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
On May 6, 2022, the Reporting Person was granted performance-based restricted stock units ("PRSUs"). Each PRSU represents a contingent right to receive a share of the Issuer's Common Stock upon settlement. The Compensation Committee of the Issuer's Board of Directors certifies attainment based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met and 36,029 PRSUs were certified as attained on March 1, 2023. 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2023 and the remaining 50% of the PRSUs shall vest and become shares of the Issuer's Common Stock on March 6, 2024, subject to the Reporting Person's continued service through each vesting date.
Shares held following the reported transactions include 121,509 restricted stock units, which are subject to forfeiture until they vest.
/s/ Jay Maloney, Attorney-in-Fact
2023-03-02