Form 4: Ameresco Exec Sells Shares for Tax Cover

Ameresco's EVP and General Counsel, David J. Corrsin, sold 19 shares of Class A Common Stock to cover tax obligations related to RSU vesting.

Summary

• David J. Corrsin, Executive Vice President and General Counsel of Ameresco, Inc. (AMRC), reported a transaction on September 15, 2025.
• He sold 19 shares of Ameresco Class A Common Stock at a price of $28 per share.
• The sale was executed pursuant to an automatic sell-to-cover instruction, signed on March 8, 2023, specifically to cover applicable withholding taxes in connection with the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Corrsin directly beneficially owns 379 shares of Class A Common Stock.
• Additionally, 471 shares are indirectly beneficially owned by his spouse, though Corrsin disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: This is a neutral, routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company or its future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The shares were sold pursuant to an automatic sell-to-cover instruction signed March 8, 2023 solely to cover applicable withholding taxes in connection with the vesting of RSUs.
• 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

This insider transaction is a routine, tax-related event for an individual executive and does not provide insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, small-scale insider transaction for tax purposes, not reflecting a change in investment sentiment or company fundamentals.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-planned sale of a small number of shares by an executive to cover tax obligations related to RSU vesting. Such a transaction is not indicative of any change in the company's fundamentals or the executive's long-term view, and therefore does not warrant a change in investment recommendation based solely on this filing.

Keywords

Ameresco, AMRC, Insider Transaction, Form 4, Stock Sale, Executive Compensation, RSU, Tax Withholding, David J. Corrsin