Form 4: Ameresco EVP and General Counsel David J. Corrsin Reports Stock Option and Restricted Stock Unit Acquisition

David J. Corrsin, EVP and General Counsel of Ameresco, Inc., reports the acquisition of stock options and restricted stock units.

Summary

• On March 8, 2024, David J. Corrsin, EVP and General Counsel of Ameresco, Inc., reported transactions involving Ameresco's Class A Common Stock.
• Corrsin acquired stock options for 10,000 shares at an exercise price of $21.13, vesting in installments starting March 8, 2025.
• Corrsin also acquired 10,000 stock options held indirectly by his spouse.
• Additionally, his spouse acquired 200 Restricted Stock Units (RSUs), vesting over two years.
• Following these transactions, Corrsin directly owns 10,000 stock options and his spouse indirectly owns 10,000 stock options and 504 RSUs.
• Corrsin disclaims beneficial ownership of securities held by his spouse.

Sentiment

Score: 5

Explanation: This is a neutral report on stock option and RSU grants, a common practice for executive compensation. It doesn't inherently indicate positive or negative sentiment.

Management Comments

• 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.

Industry Context

This filing is a routine disclosure of stock option and RSU grants to a company executive, which is a common practice in publicly traded companies to incentivize and retain key personnel. It provides transparency to investors regarding insider transactions.

Related Party Transactions

• The report includes transactions involving securities beneficially owned indirectly by the reporting person's spouse.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to potential dilution upon exercise of stock options and vesting of RSUs.

Key Dates