Form 4: Ameresco EVP David J. Corrsin 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 (RSUs) related to vesting and tax obligations.
Summary
- On March 17, 2024, David J. Corrsin acquired 185 shares of Class A Common Stock and his spouse acquired 102 shares of Class A Common Stock upon vesting of Restricted Stock Units (RSUs).
- Corrsin also disposed of 68 shares of Class A Common Stock on March 19, 2024, at a price of $20.53 per share.
- His spouse disposed of 38 shares of Class A Common Stock on March 19, 2024, at a price of $20.53 per share.
- These disposals were to cover withholding taxes related to the vesting of the RSUs.
- Following these transactions, Corrsin directly owns 300 shares of Class A Common Stock and 368 Restricted Stock Units.
- His spouse indirectly owns 127 shares of Class A Common Stock and 402 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to stock-based compensation and tax obligations.
Positives
- The vesting of RSUs indicates a continued alignment of Corrsin's interests with the company's performance.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. These filings are closely watched by investors seeking insights into management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in the financial industry.
- Companies like Tesla, Apple, and Microsoft are also subject to similar scrutiny regarding insider trading activities.
- The transactions reported are typical for executives receiving stock-based compensation and selling shares to cover tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to routine insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | Date of automatic sell-to-cover instruction signed in connection with RSU grant. |
| 03/08/2023 | Date of automatic sell-to-cover instruction signed in connection with RSU grant for spouse. |
| 03/17/2023 | Date RSUs were granted to the Reporting Person and spouse. |
| 03/08/2024 | Date RSUs were granted to the Reporting Person's spouse. |
| 03/17/2024 | Date of RSU vesting and acquisition of shares. |
| 03/19/2024 | Date of sale of shares to cover withholding taxes. |
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.