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Ameresco, Inc.·4

Mar 12, 8:39 PM ET

Corrsin David J 4

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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.