Form 4: Ameresco EVP and CFO, Spencer Doran Hole, Reports Stock Option Grant

Spencer Doran Hole, EVP and CFO of Ameresco, Inc., reports the acquisition of stock options for 20,000 shares of Class A Common Stock on March 8, 2024.

Summary

• On March 8, 2024, Spencer Doran Hole, the EVP and CFO of Ameresco, Inc., acquired stock options for 20,000 shares of Class A Common Stock.
• The exercise price of the stock options is $21.13.
• 20% of the options vest on March 8, 2025, with the remaining options vesting in four equal installments on the subsequent four anniversaries.
• Following the transaction, Hole directly owns derivative securities for 20,000 shares.
• The expiration date for the options is March 7, 2034.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock option grants.

Positives

• The grant of stock options to a key executive like the CFO can align their interests with those of the shareholders, incentivizing them to improve company performance.

Industry Context

Stock option grants are a common form of executive compensation in the energy and technology sectors, used to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Executive compensation packages, including stock options, are common in publicly traded companies like Ameresco.
• Comparable companies in the energy efficiency and renewable energy sectors, such as Johnson Controls or Siemens, also utilize stock options as part of their executive compensation plans.
• The vesting schedule and exercise price are typical components of such grants, designed to align executive interests with long-term shareholder value.

Stakeholder Impact

• The stock option grant could potentially incentivize the CFO to improve company performance, benefiting shareholders.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates