Form 4: Ameresco EVP David J. Corrsin Reports Transactions in Company Stock

David J. Corrsin, EVP and General Counsel of Ameresco, Inc., reports transactions involving Class A Common Stock and Restricted Stock Units, including acquisitions, disposals, and vesting.

Summary

• On March 8, 2025, David J. Corrsin, EVP and General Counsel of Ameresco, Inc., reported transactions involving the company's stock.
• Corrsin acquired 50 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• He also disposed of 21 shares of Class A Common Stock at $10.22 per share to cover withholding taxes related to the RSU vesting.
• Additionally, Corrsin acquired 200 RSUs and an option to purchase 10,000 shares of Class A Common Stock.
• These transactions were reported as being indirectly beneficially owned by Corrsin through his spouse, with Corrsin disclaiming beneficial ownership of these shares.
• The stock option vests 20% annually over five years, starting March 10, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to executive compensation. There is no indication of unusual activity or concern.

Positives

• The acquisition of 200 RSUs indicates a continued investment in the company's future.
• The acquisition of an option to purchase 10,000 shares suggests confidence in the company's long-term prospects.

Negatives

• The sale of 21 shares, although for tax purposes, represents a slight reduction in Corrsin's direct holdings.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedule of the RSUs and stock options suggests a continued alignment of executive interests with the company's performance over the next five years.

Management Comments

• The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.

Industry Context

Insider transactions are closely watched as indicators of executive sentiment regarding the company's prospects. This Form 4 filing provides transparency into the transactions of a key executive at Ameresco.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, and restricted stock units to incentivize performance and align executive interests with shareholder value.
• The vesting schedules for the RSUs and stock options are typical for executive compensation plans in publicly traded companies.
• The sell-to-cover transaction to pay for taxes is a standard practice when RSUs vest.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• Transparency in insider transactions helps maintain investor confidence.

Key Dates