Maltezos Louis P 4

What Happened
Louis P. Maltezos, President — Central & West U.S. and Canada for Ameresco (AMRC), reported several insider transactions. On March 10, 2026 he recorded exercise/conversion of 875 derivative shares (reported at $0) and was granted two awards totaling 25,000 derivative shares (20,000 and 5,000). On March 12, 2026 he sold 306 shares in the open market at $25.31 for proceeds of $7,745. The filing notes the 306-share sale was an automatic sell-to-cover to satisfy withholding taxes tied to RSU vesting.

Key Details

• Transaction dates and prices:
  • 2026-03-10: Exercise/conversion of 875 derivative shares (reported at $0).
  • 2026-03-10: Grant/award of 20,000 derivative shares and 5,000 derivative shares (both $0).
  • 2026-03-12: Open-market sale of 306 shares at $25.31 — proceeds $7,745.
• Vesting and award notes:
  • Footnote: the 306-share sale was pursuant to an automatic sell-to-cover instruction to cover withholding taxes from RSU vesting.
  • Option vesting (if applicable): 20% vests each anniversary over five years (per filing).
  • RSU treatment: each RSU equals one share; RSUs vest over two years with 25% vesting every six months.
• Shares owned after the transactions: not specified in the information provided in this summary.
• Filing timeliness: Report filed March 12, 2026 for transactions on March 10–12, 2026 (appears timely). No 10b5-1 plan or late filing flag reported.

Context

• The sale of 306 shares was labeled a sell-to-cover for tax withholding on vested RSUs — a routine administrative sale rather than a discretionary divestiture.
• The filing shows awards/derivative activity (grants and an exercise/conversion). For retail investors, grants and exercises are common compensation events; the small open-market sale here merely covered taxes and is not necessarily a bearish signal.