Form 4: Ameresco Director Charles R. Patton Reports Stock Award Vesting
SEC Form 4
Director Charles R. Patton reported the vesting of restricted stock units (RSUs) and subsequent disposition of shares to cover taxes.
Summary
- On June 13, 2024, Charles R. Patton, a director of Ameresco, Inc., had 3,062 Restricted Stock Units (RSUs) vest.
- Upon vesting, 3,062 shares of Class A Common Stock were acquired.
- Simultaneously, 3,062 shares were disposed of to satisfy tax obligations.
- Following these transactions, Patton directly owns 3,503 shares of Ameresco's Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions related to stock-based compensation. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade in their company's stock. These filings provide transparency into insider transactions, which can be informative for investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of transaction: vesting of RSUs and disposition of shares. |
| 06/13/2024 | RSUs vest in full on the first anniversary of the grant date |
| 06/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.