FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MOERBEEK PETER J
2. Issuer Name and Ticker or Trading Symbol

Infrastructure & Energy Alternatives, Inc. [ IEA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

C/O INFRASTRUCTURE AND ENERGY ALT., INC., 6235 DIGITAL WAY, SUITE 460
3. Date of Earliest Transaction (MM/DD/YYYY)

5/17/2021
(Street)

INDIANAPOLIS, IN 46278
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 per share 5/17/2021  A  15290 (1)A$0 191290 (2)(3)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Represents restricted stock units ("RSUs") which will vest in three equal annual installments beginning on the first anniversary of March 26, 2021.
(2) Represents 46,524 shares of Common Stock, 62,909 restricted stock units and 81,857 performance stock units that are subject to forfeiture and vesting.
(3) In addition to the RSUs described in footnote 1, the Company also granted 22,936 performance-based RSUs that become subject to vesting based upon certain targets. These performance-based RSUs will not be included in the total of column 5 until satisfaction of the performance criteria.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
MOERBEEK PETER J
C/O INFRASTRUCTURE AND ENERGY ALT., INC.
6235 DIGITAL WAY, SUITE 460
INDIANAPOLIS, IN 46278


Chief Financial Officer

Signatures
/s/ Peter J. Moerbeek5/19/2021
**Signature of Reporting PersonDate

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