Mark Chiplock - 17 Sep 2023 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role
SVP & CAO
Signature
/s/ David J. Corrsin, attorney-in-fact
Issuer symbol
AMRC
Transactions as of
17 Sep 2023
Net transactions value
-$4,569
Form type
4
Filing time
19 Sep 2023, 20:19:56 UTC
Previous filing
20 Mar 2023
Next filing
11 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMRC Class A Common Stock Options Exercise $0 +277 $0.000000 277 17 Sep 2023 Direct
transaction AMRC Class A Common Stock Sale $4,569 -105 -38% $43.51 172 19 Sep 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMRC Restricted Stock Unit Options Exercise $0 -277 -25% $0.000000 830 17 Sep 2023 Class A Common Stock 277 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The shares were sold pursuant to an automatic sell-to-cover instruction dated March 7, 2023 required to be signed solely to cover applicable withholding taxes in connection with the vesting of RSUs.
F2 Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock").
F3 The RSUs, representing a contingent right to receive a total of 1.107 shares of Common Stock, were granted to the Reporting Person on March 17, 2023 and vests in 25% increments each six months anniversary from the grant date.