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