Spencer Doran Hole - Sep 17, 2023 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role
EVP and CFO
Signature
/s/ David J. Corrsin, attorney-in-fact
Stock symbol
AMRC
Transactions as of
Sep 17, 2023
Transactions value $
-$4,003
Form type
4
Date filed
9/19/2023, 08:24 PM
Previous filing
Sep 11, 2023
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMRC Class A Common Stock Options Exercise $0 +295 +27.19% $0.00 1.38K Sep 17, 2023 Direct F1
transaction AMRC Class A Common Stock Sale -$4K -92 -6.67% $43.51 1.29K Sep 19, 2023 Direct F2

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 -295 -25% $0.00 885 Sep 17, 2023 Class A Common Stock 295 Direct F3, F4
* 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 Includes 1,085 shares of Class A Common Stock purchased under the Company ESPP during the period May 31, 2021 to May 31, 2023.
F2 The shares were sold pursuant to an automatic sell-to-cover instruction dated March 6, 2023 required to be signed solely to cover applicable withholding taxes in connection with the vesting of RSUs.
F3 Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock").
F4 The RSUs, representing a contingent right to receive a total of 1,180 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.