secwatch.observer — SEC 8-K summary
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Issuer:     Greenbacker Renewable Energy Co LLC (—)
CIK:        0001563922
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001753926-25-000539
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenbacker NAV drops 35.5% to $5.03; CEO Wheeler steps down, interim CEO appointed
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- Aggregate NAV per share adjusted to $5.03 as of Dec 31, 2024, a 35.5% decrease from Sept 30, 2024.
- CEO Charles Wheeler resigned effective April 1, 2025; becomes Founder & Chairman Emeritus at $750k/yr base salary.
- Daniel De Boer appointed Interim CEO; Robert Brennan named Chairman of the Board, both effective April 1.
- Wheeler retains service-based equity awards vesting before April 1, 2027 (~85,126 RSUs); other equity forfeited.
- Transition agreement provides severance through April 2027 if terminated without cause or at term end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563922/000175392625000539/0001753926-25-000539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563922/000175392625000539/g084741_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-25-000539

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