Form 4: Ameresco Executive Vice President Michael Bakas Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Michael Bakas reports stock transactions including the vesting of Restricted Stock Units (RSUs) and subsequent sale of shares to cover withholding taxes.
Summary
- Michael Bakas, Executive Vice President of Ameresco, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 17, 2024, 295 Class A Common Stock shares were acquired through the vesting of Restricted Stock Units (RSUs).
- Also on March 17, 2024, 295 RSUs were converted.
- On March 19, 2024, 108 shares were sold at a price of $20.53 per share to cover withholding taxes related to the RSU vesting.
- Following these transactions, Bakas directly owns 10,748 shares of Class A Common Stock and 590 derivative securities.
- The sales were executed pursuant to an automatic sell-to-cover instruction signed on March 6, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | Automatic sell-to-cover instruction signed. |
| 03/17/2023 | RSUs granted to the Reporting Person, vesting in 25% increments each six months anniversary from the grant date. |
| 03/17/2024 | 295 Class A Common Stock shares acquired through RSU vesting. |
| 03/19/2024 | 108 shares sold at $20.53 per share to cover withholding taxes. |
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