Patton Charles R. 4

What Happened
Charles R. Patton, a director of Ameresco, Inc. (AMRC), had 10,435 restricted stock units (RSUs) convert into 10,435 shares on June 4, 2026. The conversion/exercise was reported as a derivative transaction (code M) at a $0.00 per-share exercise price, so no cash changed hands—the award vested and was settled in shares as part of his director compensation.

Key Details

• Transaction date: 2026-06-04 (reported 2026-06-05).
• Transaction type/code: Exercise/conversion of derivative (M) — RSUs converted to common shares.
• Shares acquired: 10,435 at $0.00 (total cash paid $0).
• Disposition entry: 10,435 shares (derivative conversion reporting).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes: F1 = annual grant under the non-employee director compensation plan; F2 = each RSU equals one share of Class A common stock; F3 = RSUs vest in full on the first anniversary of the grant, contingent on continued service.
• Filing timeliness: Report filed the day after the transaction (appears timely).

Context
This was not an open‑market purchase or sale but a routine director compensation vesting event (RSUs converting to shares). Such conversions typically reflect standard pay practices for non-employee directors and should be viewed as compensation settlement rather than a directional personal trade.