0001753926-23-001194.txt : 20230906
0001753926-23-001194.hdr.sgml : 20230906
20230906195212
ACCESSION NUMBER: 0001753926-23-001194
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230901
FILED AS OF DATE: 20230906
DATE AS OF CHANGE: 20230906
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mehta Mehul
CENTRAL INDEX KEY: 0001965832
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-55610
FILM NUMBER: 231240718
MAIL ADDRESS:
STREET 1: 230 PARK AVENUE
STREET 2: SUITE 1560
CITY: NEW YORK
STATE: NY
ZIP: 10169
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Greenbacker Renewable Energy Co LLC
CENTRAL INDEX KEY: 0001563922
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: C/O GREENBACKER CAPITAL MANAGEMENT LLC
STREET 2: 230 PARK AVENUE, SUITE 1560
CITY: NEW YORK
STATE: NY
ZIP: 10169
BUSINESS PHONE: 646-237-7884
MAIL ADDRESS:
STREET 1: C/O GREENBACKER CAPITAL MANAGEMENT LLC
STREET 2: 230 PARK AVENUE, SUITE 1560
CITY: NEW YORK
STATE: NY
ZIP: 10169
4
1
ownership.xml
X0508
4
2023-09-01
0
0001563922
Greenbacker Renewable Energy Co LLC
N/A
0001965832
Mehta Mehul
C/O GREENBACKER RENEWABLE ENERGY CO LLC
230 PARK AVENUE, SUITE 1560
NEW YORK
NY
10169
0
1
0
0
Chief Investment Officer
0
Class P-I Common Shares
742440.010
D
Restricted Share Units (Time)
2023-09-01
4
D
0
84899.25
0
D
Class P-I Common Shares
84899.253
0
D
Restricted Share Units (Time)
2023-09-01
4
A
0
84899.253
0
A
Class P-I Common Shares
84899.253
84899.253
D
This amount reflects the divestiture of 84,899.253 Restricted Share Units that were forfeited by the Reporting Person, as reported in Row 1 of Table II below, pursuant to the Separation Agreement dated as of September 1, 2023, between Greenbacker Renewable Energy Corporation and Mehul Mehta (the "Separation Agreement"), as filed with the SEC on Form 8-K on September 1, 2023. The Reporting Person previously inadvertently reported these Restricted Share Units in Table I of the Form 4 filed on May 25, 2023.
Pursuant to the Separation Agreement, the Reporting Person forfeited the 84,899.253 Restricted Share Units granted to the Reporting Person pursuant to Greenbacker Renewable Energy Company LLC's (the "Company") Equity Incentive Plan on May 23, 2023.
Each Restricted Share Unit represented a contingent right to receive an amount equal to one Class P-I Common Share in (w) cash, (x) common shares (y)
other securities or other property, as applicable, or (z) any combination thereof, as determined by the Company.
The Restricted Share Units would have vested in three equal annual installments on each anniversary of the commencement date.
The Company granted these Restricted Share Units to the Reporting Person pursuant to the Separation Agreement.
Each Restricted Share Unit represents a contingent right (subject to the Reporting Person's continued compliance with the terms and conditions of the Separation Agreement) to receive cash in an amount equal to one Class P-I Common Share. Once vested, and upon settlement of a vested Restricted Share Unit, the Company will pay the Reporting Person an amount equal to one Class P-I Common Share in cash.
The Restricted Share Units vest as follows: (i) sixty-six and two-third percent (66 2/3%) of the Restricted Share Units shall vest on February 17, 2024, and (ii) thirty-three and one-third percent (33 1/3%) of the Restricted Share Units shall vest on February 17, 2025. Vested Restricted Share Units will be settled as soon as reasonably practicable following such vesting (and, in any event, no later than thirty (30) days following the vesting date of the Restricted Share Units).
/s/ Mehul Mehta
2023-09-06