Johnson Claire D'Oyly-Hughes 4

What Happened

• Claire Johnson D'Oyly-Hughes, a non-employee director of Ameresco, exercised/conversioned 10,435 derivative shares (transaction code M) on 2026-06-04 and the same 10,435 shares were disposed that same day. Both the acquisition and disposition are reported with $0 cash consideration. On the same date she was granted 4,812 restricted stock units (RSUs) (transaction code A) as part of the company’s non-employee director compensation plan.

Key Details

• Date of transactions: 2026-06-04; Form 4 filed 2026-06-05 (not flagged late).
• Exercise/conversion (M): 10,435 shares acquired @ $0.00 and 10,435 shares disposed @ $0.00.
• Grant/award (A): 4,812 RSUs granted @ $0.00 (annual non-employee director award).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 = annual grant under the non-employee director plan; F2 = each RSU is a contingent right to one share of Class A common stock; F3 = RSUs vest in full on the first anniversary of the grant date, subject to continued service.

Context

• The M code indicates an exercise/conversion of a derivative instrument; because the identical number of shares were disposed the same day, the exercised shares did not result in a long-term increase in reported holdings in this filing. The A code indicates an award of RSUs that will convert to shares only if/when they vest (here, vesting in one year assuming continued service).
• These transactions appear to be routine director compensation and derivative settlement activity rather than a straightforward open-market purchase.