Form 4: Ameresco CFO Converts RSUs to Common Stock

Ameresco's EVP, CFO & CAO, Mark Chiplock, converted 750 Restricted Stock Units into Class A Common Stock.

Summary

• Mark Chiplock, Executive Vice President, Chief Financial Officer, and Chief Administrative Officer of Ameresco, Inc. (AMRC), reported a transaction on September 10, 2025.
• He acquired 750 shares of Class A Common Stock through the exercise or conversion of derivative securities.
• The acquisition price for the Class A Common Stock was $0, indicating a conversion of Restricted Stock Units (RSUs).
• Following this transaction, Chiplock directly owns 1,458 shares of Ameresco Class A Common Stock.
• Concurrently, 750 Restricted Stock Units were disposed of (converted), leaving him with 2,250 derivative securities (RSUs) beneficially owned.
• Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock and vests over two years, with 25% vesting on each 6-month anniversary of the applicable grant date.
• The 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).

Sentiment

Score: 7

Explanation: The conversion of RSUs into common stock by a key executive is a routine event that demonstrates the vesting of equity compensation and can signal continued alignment of management's interests with shareholders. It is a neutral to slightly positive event.

Positives

• The conversion of Restricted Stock Units (RSUs) into common stock signifies the vesting of previously granted equity awards, which aligns executive interests with those of shareholders.
• An increase in direct ownership of Class A Common Stock by a key executive like the CFO can be interpreted as a positive signal of confidence in the company's future prospects.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: Increased direct ownership by a key executive may be viewed as a positive signal of management's confidence in the company's long-term value.
• Employees: The routine vesting of equity compensation, as demonstrated by this RSU conversion, is a standard practice that can positively impact employee retention and motivation.

Next Steps

• NA

Key Dates

Recommendation

The filing details a routine conversion of Restricted Stock Units (RSUs) by a key executive, which is a pre-planned event under a 10b5-1 plan. While it increases insider ownership, it does not provide new fundamental information about the company's performance or strategic direction that would alter a 'hold' recommendation based solely on this filing. It primarily confirms the ongoing alignment of executive compensation with shareholder interests.

Keywords

Ameresco, AMRC, Form 4, insider transaction, stock conversion, RSU, executive compensation, Mark Chiplock