Ameresco (AMRC) Co‑President Nicole Bulgarino Exercises RSUs

What Happened
Nicole Bulgarino, Co‑President of Ameresco (AMRC), converted restricted stock units (RSUs) into 1,875 shares on September 10, 2026 (transaction code M — exercise/conversion of a derivative). The filing also shows 875 shares disposed the same day at $0.00, resulting in a net increase of 1,000 shares from these entries. No cash was paid for the acquired shares per the filing.

Key Details

• Transaction date: 2026-09-10; Form 4 filed 2026-09-14 (timely; within required reporting window).
• Acquired: 1,875 shares @ $0.00 (conversion of RSUs).
• Disposed: 875 shares @ $0.00 (listed as a derivative disposition).
• Net effect from these entries: +1,000 shares.
• Footnotes: F1–F3 indicate these were RSUs (each RSU = right to one share), vesting over two years with periodic vesting; grants from various dates.
• Shares owned after the transaction are not specified in the provided excerpt.

Context
The $0.00 price and the footnotes identify these as RSU conversions on vesting rather than an open‑market purchase or sale. Disposition of shares in RSU conversions is commonly used to satisfy tax withholding or other obligations, though the filing excerpt does not explicitly state the reason. This is routine compensation-related reporting rather than a cash market trade.