Form 4: Ameresco EVP and General Counsel Reports Stock Transactions
SEC Form 4 Filing
David J. Corrsin, EVP and General Counsel of Ameresco, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units to cover withholding taxes.
Summary
- David J. Corrsin, an executive at Ameresco, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 17, 2025, Corrsin acquired 183 shares of Class A Common Stock at $0 and disposed of 64 shares on March 19, 2025, at $11.92.
- Additionally, Corrsin acquired 101 shares of Class A Common Stock indirectly through a spouse on March 17, 2025, at $0 and disposed of 36 shares on March 19, 2025, at $11.92.
- These transactions were related to the vesting of Restricted Stock Units (RSUs) and were executed to cover applicable withholding taxes.
- Corrsin also reported transactions involving Restricted Stock Units, with 183 units vesting and converting into Class A Common Stock.
- The reporting person disclaims beneficial ownership of shares held by his spouse.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions by an executive to cover tax obligations related to RSU vesting. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| March 6, 2023 | Date of automatic sell-to-cover instruction signed in connection with the grant of RSUs. |
| March 8, 2023 | Date of automatic sell-to-cover instruction signed in connection with the grant of RSUs. |
| 03/17/2025 | Date of acquisition of Class A Common Stock and Restricted Stock Units. |
| 03/19/2025 | Date of disposal of Class A Common Stock. |
Keywords
Form 4, Ameresco, AMRC, Insider Trading, David J. Corrsin, Stock Transaction, Beneficial Ownership, Restricted Stock Units, RSUs, Class A Common Stock
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