Corrsin David J 4
4 · Ameresco, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Ameresco (AMRC) EVP David J. Corrsin Exercises RSUs, Sells 50 Shares
What Happened David J. Corrsin, Executive Vice President, General Counsel and Director of Ameresco, had 50 restricted stock units (RSUs convert) into 50 shares on 2026-03-08 (conversion recorded at $0.00). He then sold 50 shares in an open-market transaction on 2026-03-10 at $26.34 per share, receiving $1,317. The sale was a sell-to-cover to satisfy withholding taxes related to the RSU vesting.
Key Details
- Transaction dates and prices:
- 2026-03-08: Conversion/exercise of derivative (RSUs) — 50 shares acquired at $0.00.
- 2026-03-10: Open-market sale — 50 shares sold at $26.34 each for $1,317 total.
- Net change: +50 shares acquired and 50 shares disposed → net change of 0 shares from these transactions.
- Shares owned after transaction: Not specified in this filing (the form shows the acquisition and the sale but does not list total holdings).
- Notable footnotes:
- Sell-to-cover was used solely to cover applicable withholding taxes in connection with RSU vesting (automatic instruction).
- Each RSU represents a contingent right to one share and vests over two years with 25% on each 6‑month anniversary.
- Reporting person disclaims beneficial ownership of shares held by spouse.
- Filing timeliness: Report filed 2026-03-10 for transactions on 2026-03-08; this appears to be timely under Section 16 reporting (filed within two business days).
Context: This was a routine vesting and tax-withholding transaction (conversion of RSUs followed by a sell-to-cover). Such sales to cover taxes are common and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-08+50→ 429 total(indirect: By Spouse) - Sale
Class A Common Stock
[F2][F1]2026-03-10$26.34/sh−50$1,317→ 379 total(indirect: By Spouse) - Exercise/Conversion
Restricted Stock Unit
[F3][F4][F1]2026-03-08−50→ 150 total(indirect: By Spouse)→ Class A Common Stock (50 underlying)
- 20,471
Class A Common Stock
Footnotes (4)
- [F1]The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.
- [F2]The shares were sold pursuant to an automatic sell-to-cover instruction signed March 8, 2023 solely to cover applicable withholding taxes in connection with the vesting of RSUs.
- [F3]Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock").
- [F4]Each RSU vests over two years with 25% vesting on each 6-month anniversary of the applicable grant date.