Form 4: Ameresco Director Charles R. Patton Reports Routine Equity Transactions, Including RSU Grant and Stock Conversion

Ameresco, Inc. Director Charles R. Patton has reported the acquisition of new Restricted Stock Units and the conversion of previously held units into Class A Common Stock as part of his compensation plan.

Summary

• Charles R. Patton, a Director of Ameresco, Inc. (AMRC), reported equity transactions on June 4, 2025.
• He acquired 4,886 shares of Class A Common Stock through the exercise/conversion of derivative securities.
• Following this transaction, Mr. Patton beneficially owns 13,389 shares of Class A Common Stock directly.
• Additionally, Mr. Patton was granted 10,435 Restricted Stock Units (RSUs) on June 4, 2025, as part of Ameresco's non-employee director compensation plan.
• Each RSU represents a contingent right to receive one share of Ameresco Class A Common Stock.
• These newly granted RSUs are scheduled to vest in full on June 4, 2026, provided continuous service through that date.
• He also disposed of 4,886 RSUs on June 4, 2025, which were converted into Class A Common Stock.
• After these transactions, Mr. Patton beneficially owns 10,435 Restricted Stock Units directly.

Sentiment

Score: 6

Explanation: The document reports routine equity compensation for a director, which is a neutral to slightly positive event as it aligns director interests with shareholders. There are no negative or unexpected elements.

Positives

• The grant of 10,435 Restricted Stock Units aligns the director's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The transactions are part of a pre-established non-employee director compensation plan, indicating a structured approach to executive incentives.

Future Outlook

The newly granted 10,435 Restricted Stock Units are expected to vest on June 4, 2026, contingent upon Charles R. Patton's continued service as a director.

Industry Context

This type of equity grant and conversion is a common practice across various industries for compensating non-employee directors, aiming to align their interests with long-term shareholder value. It reflects standard corporate governance practices regarding director remuneration.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of non-employee director compensation is a widely adopted practice across publicly traded companies, including those in the renewable energy and energy efficiency sectors like Ameresco.
• Many companies, such as NextEra Energy (NEE) or Clearway Energy (CWEN), also utilize equity-based compensation plans for their directors to foster long-term alignment.
• The vesting schedule of one year for the RSUs is a common structure for annual director grants, ensuring continued commitment.

Corporate Governance

Related Party Transactions

• The reported transactions involve equity compensation from Ameresco, Inc. to its Director, Charles R. Patton, which constitutes a related party transaction as defined by SEC regulations.

Stakeholder Impact

• Shareholders: The equity grants align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The vesting of the 10,435 Restricted Stock Units on June 4, 2026, assuming continued service.

Key Dates

Keywords

Ameresco, AMRC, Form 4, Charles R. Patton, Director, Restricted Stock Units, RSU, Class A Common Stock, insider transaction, equity compensation, corporate governance, stock ownership