EX-10.3
HA Sustainable Infrastructure Capital, Inc.
AMENDMENT NO. 1 TO
HASI MANAGEMENT HOLDCO LLC LTIP UNIT AWARD AGREEMENT
UNDER THE
HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. EQUITY INCENTIVE PLAN
(Performance-Based HoldCo Units — Relative TSR)
This Amendment No. 1 (this “Amendment”) to the HASI Management HoldCo LLC LTIP Unit (Relative TSR) Award Agreement, dated as of March 1, 2024 (the “Original Agreement”), is entered into as of May 7, 2026 (the “Amendment Effective Date”), by and between HASI Management HoldCo LLC, a Delaware limited liability company (the “Company”), and Marc T. Pangburn(the “Grantee”).
RECITALS
WHEREAS, the Company granted to the Grantee performance-based HoldCo LTIP Units pursuant to the Original Agreement, which vest on the Vest Date based on the Relative Total Shareholder Return of the Parent Entity as compared to the ALPS Clean Energy ETF Index;
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