Bulgarino Nicole E 4

What Happened Nicole E. Bulgarino, President — Federal & Utility at Ameresco (AMRC), received equity awards totaling 24,000 derivative shares (20,000 and 4,000) and on March 10, 2026 had an exercise/conversion of 875 derivative shares reported as both acquired and disposed. All reported transactions show a $0 per-share reporting price and $0 total value on the Form 4.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (reports the 3/10 transactions).
• Grants/Awards: 20,000 derivative shares (grant) and 4,000 derivative shares (grant) reported as acquisitions at $0.
• Exercise/Conversion: 875 shares reported as acquired (M) at $0 and a matching 875 shares reported as disposed (M) at $0 on the same date.
• Vesting/award notes:
  • F1: The option-related grant vests 20% on each anniversary over five years.
  • F2: Each RSU equals a contingent right to one share of Class A common stock.
  • F3: The RSUs vest over two years with 25% vesting every six months.
• Shares owned after the transactions: Not specified in the provided filing extract.
• No cash amounts or open-market purchase/sale prices were reported on the lines provided.

Context The filings show equity awards (grants and RSUs/options) rather than an open-market purchase. The paired 875-share acquire/dispose entries indicate conversion/exercise with an immediate disposition or withholding (commonly seen when shares are sold or withheld to cover taxes or exercise costs), but the Form 4 here reports $0 per share and does not state proceeds. These items are typical equity compensation actions and do not by themselves indicate the insider’s market view.