George P. Sakellaris - Sep 17, 2023 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ David J. Corrsin, attorney-in-fact
Stock symbol
AMRC
Transactions as of
Sep 17, 2023
Transactions value $
-$46,643
Form type
4
Date filed
9/19/2023, 09:23 PM
Previous filing
Mar 20, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMRC Class A Common Stock Options Exercise $0 +2.46K +0.32% $0.00 775K Sep 17, 2023 Direct
transaction AMRC Class A Common Stock Sale -$46.6K -1.07K -0.14% $43.51 774K Sep 19, 2023 Direct F1
holding AMRC Class A Common Stock 1.08M Sep 17, 2023 By trust F2
holding AMRC Class A Common Stock 200K Sep 17, 2023 By spouse

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 -2.46K -25.01% $0.00 7.38K Sep 17, 2023 Class A Common Stock 2.46K 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 The shares were sold pursuant to an automatic sell-to-cover instruction dated March 8, 2023 required to be signed solely to cover applicable withholding taxes in connection with the vesting of RSUs.
F2 Shares held by a trust for the benefit of the reporting person's children, who share the reporting person's household. The reporting person may be deemed the beneficial owner of the shares held by the trust. The reporting person disclaims beneficial ownership of the shares held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the trust's shares for purposes of Section 16 or for any other purpose.
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 9.837 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.