David J. Corrsin - Sep 8, 2024 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role
EVP and General Counsel, Director
Signature
David J. Corrsin
Stock symbol
AMRC
Transactions as of
Sep 8, 2024
Transactions value $
-$4,362
Form type
4
Date filed
9/19/2024, 05:55 PM
Previous filing
Mar 19, 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 +185 +79.74% $0.00 417 Sep 17, 2024 Direct
transaction AMRC Class A Common Stock Sale -$2.45K -65 -15.59% $37.64 352 Sep 19, 2024 Direct F1
transaction AMRC Class A Common Stock Options Exercise $0 +50 +39.37% $0.00 177 Sep 8, 2024 By Spouse F2
transaction AMRC Class A Common Stock Sale -$561 -19 -10.73% $29.50 158 Sep 9, 2024 By Spouse F2, F3
transaction AMRC Class A Common Stock Options Exercise $0 +101 +63.92% $0.00 259 Sep 17, 2024 By Spouse F2
transaction AMRC Class A Common Stock Sale -$1.36K -36 -13.9% $37.64 223 Sep 19, 2024 By Spouse F2, F3

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 -185 -50.27% $0.00 183 Sep 17, 2024 Class A Common Stock 185 Direct F4, F5
transaction AMRC Restricted Stock Unit Options Exercise $0 -50 -12.44% $0.00 352 Sep 8, 2024 Class A Common Stock 50 By spouse F2, F4, F6
transaction AMRC Restricted Stock Unit Options Exercise $0 -101 -28.69% $0.00 251 Sep 17, 2024 Class A Common Stock 101 By spouse F2, F4, F6
* 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 signed March 6, 2023 in connection with the grant of the RSUs solely to cover applicable withholding taxes in connection with the partial vesting of the RSUs.
F2 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3 The shares were sold pursuant to an automatic sell-to-cover instruction signed March 8, 2023 in connection with the grant of the RSUs solely to cover applicable withholding taxes in connection with the partial vesting of the RSUs.
F4 Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock").
F5 The RSUs, representing a contingent right to receive a total of 738 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.
F6 The RSUs, representing a contingent right to receive a total of 406 and 200 shares of Common Stock, were granted to the Reporting Person's spouse on March 17, 2023 and March 8, 2024, respectively, and vest over two years with 25% vesting on each 6-month anniversary of the grant date.