HASI adopts Executive Protection Plan with tiered severance benefits for CEO and management

HA Sustainable Infrastructure Capital, Inc.

Plan effective May 1, 2026; covers CEO (Tier A), named executives (Tier B), and other management (Tier C).
Change-in-control termination: Tier A gets 3x base+bonus + 24 mo COBRA; Tier B 2x + 18 mo; Tier C 1.5x + 12 mo.
Non-change-in-control termination: Tier A 3x, Tier B 1.5x, Tier C 1.0x; COBRA same as above.
Benefits require signed participation agreement, release of claims, and compliance with restrictive covenants.
No excise tax gross-up; benefits reduced if parachute payment threshold exceeded (if after-tax better).

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