- Hannon Armstrong adopted an Executive Protection Plan that provides severance benefits to its CEO and certain management employees, with Tier A for the CEO, Tier B for named executive officers, and Tier C for other designated managers.
- During the one-year period after a change in control, Tier A provides a lump-sum cash payment of 3.0x base salary plus average bonus and COBRA payments for 24 months.
- Tier B provides 2.0x base salary plus average bonus with COBRA payments for 18 months, and Tier C provides 1.5x with COBRA payments for 12 months.
- Outside a change-in-control period, Tier A remains 3.0x with 24 months of COBRA payments, while Tier B is 1.5x with 18 months and Tier C is 1.0x with 12 months.
- Severance eligibility requires a signed participation agreement and a non-revoked release of claims, and change-in-control payments may be reduced to avoid Section 4999 excise tax thresholds without any excise-tax gross-up.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hannon Armstrong Sustainable Infrastructure Capital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-129174), on March 27, 2026, and is solely responsible for the information contained therein.