Ameresco (AMRC) EVP David J. Corrsin Receives 25,000-Share Award
$AMRC · Ameresco, Inc.Research Summary
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Ameresco (AMRC) EVP David J. Corrsin Receives 25,000-Share Award
What Happened David J. Corrsin, Ameresco's Executive Vice President & General Counsel and a director, reported an acquisition of 25,000 shares on August 17, 2026. The filing shows the shares acquired as a derivative award at a reported price of $0.00 (total reported value $0). This was not a market purchase or sale but the result of accelerated vesting of previously granted options.
Key Details
- Transaction type: Award/Acquisition of derivative securities (code A).
- Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (appears timely).
- Shares acquired: 25,000 shares reported at $0.00 (total $0).
- Original grant: Option to purchase 50,000 shares granted May 12, 2025, with performance vesting over 2025–2027.
- Vesting outcome: Compensation Committee accelerated vesting so 25,000 options vested effective upon the reporting person's resignation/transition; the remaining 25,000 options were forfeited (per footnote).
- Shares owned after transaction: Not specified in the provided filing.
- No indication the shares were immediately sold or that this was part of a Rule 10b5‑1 plan.
Context This transaction reflects accelerated vesting of performance-based options tied to the insider's change in role (resignation as EVP/General Counsel and transition to Special Legal Advisor), not an open-market buy or sale. For retail investors, awards and accelerations signal compensation or contractual outcomes rather than a direct bullish or bearish personal market move; they should be interpreted differently from outright purchases or sales.