Corrsin David J 4
4 · Ameresco, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Ameresco (AMRC) EVP David J. Corrsin Receives Awards, Sells 19 Shares
What Happened
David J. Corrsin, Ameresco's EVP, General Counsel and a director, received equity awards on March 10, 2026 (including a 20,000-share option-style award and multiple RSU awards) and sold 19 shares in an open-market transaction on March 12, 2026 for $25.31 each (total $481). The filing also reports a 50-share exercise/conversion at $0.00. The grants and the exercise were recorded at $0 (typical for RSU/option reporting); the only cash proceeds reported were the $481 from the small sell-to-cover sale.
Key Details
- Transaction dates and prices:
- 2026-03-10: Grant/award acquisitions — 20,000; 3,500; 4,000; 350 shares (reported at $0.00, derivative awards).
- 2026-03-10: Exercise/conversion (M) — 50 shares @ $0.00 (reported).
- 2026-03-12: Open-market sale (S) — 19 shares @ $25.31 = $481 (sold).
- Shares owned after the transactions: Not specified in the excerpt provided.
- Notable footnotes:
- F1: Corrects a prior clerical error — a previous Form 4 incorrectly showed 50 shares sold; the correct sell-to-cover amount was 19 shares.
- F3: The 19-share sale was an automatic sell-to-cover to satisfy withholding taxes tied to RSU vesting.
- F4: The 20,000-share award is subject to option-style vesting: 20% vests on each anniversary over five years.
- F5/F6: RSUs represent rights to one share each and vest over two years (25% every six months).
- F2: Corrsin disclaims beneficial ownership of shares held by his spouse.
- Timeliness: Filing dated March 12, 2026 for transactions on March 10, 2026 — appears timely under Section 16 reporting rules.
Context
The grants are primarily derivative awards (options and RSUs) with multi-year vesting schedules; the small sale was a routine automatic sell-to-cover to pay withholding taxes on RSU vesting, not a market-timing sale for cash gain. For derivative entries, “exercise/conversion” indicates conversion of vested awards into shares; the subsequent sell-to-cover is common practice to satisfy payroll tax obligations. This filing does not indicate broader insider accumulation or a large divestiture.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-03-10+50→ 460 total(indirect: By Spouse) - Sale
Class A Common Stock
[F3][F2]2026-03-12$25.31/sh−19$481→ 441 total(indirect: By Spouse) - Award
Stock Option (right to purchase)
[F4]2026-03-10+20,000→ 20,000 totalExercise: $26.36→ Class A Common Stock (20,000 underlying) - Award
Restricted Stock Unit
[F5][F6]2026-03-10+3,500→ 3,500 total→ Class A Common Stock (3,500 underlying) - Award
Stock Option (right to purchase)
[F4][F2]2026-03-10+4,000→ 4,000 total(indirect: By Spouse)Exercise: $26.36→ Class A Common Stock (4,000 underlying) - Award
Restricted Stock Unit
[F5][F6][F2]2026-03-10+350→ 500 total(indirect: By Spouse)→ Class A Common Stock (350 underlying) - Exercise/Conversion
Restricted Stock Unit
[F5][F6][F2]2026-03-10−50→ 450 total(indirect: By Spouse)→ Class A Common Stock (50 underlying)
- 20,471
Class A Common Stock
Footnotes (6)
- [F1]The shares held following the transaction reflect a correction to a clerical error in the Form 4 filed for the March 8, 2026 RSU vesting. That filing incorrectly reported 50 shares sold under an automatic sell-to-cover instruction; the correct number of shares sold was 19.
- [F2]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.
- [F3]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.
- [F4]Of the shares subject to the option, 20% vest on each of anniversary of the grant date of March 10, 2026 over a period of five years.
- [F5]Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock").
- [F6]Each RSU vests over two years with 25% vesting on each 6-month anniversary of the applicable grant date.