Form 4: Ameresco Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Louis P. Maltezos, Executive Vice President of Ameresco, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On September 17, 2024, Louis P. Maltezos, Executive Vice President of Ameresco, Inc., acquired 221 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs).
- Also on September 17, 2024, 221 Restricted Stock Units converted into Class A Common Stock.
- On September 19, 2024, Maltezos disposed of 75 shares of Class A Common Stock at a price of $37.64 per share.
- These shares were sold to cover withholding taxes related to the vesting of the RSUs, according to an automatic sell-to-cover instruction signed on March 7, 2023.
- Following these transactions, Maltezos beneficially owns 30,430 shares of Class A Common Stock and 221 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their potential impact on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| March 7, 2023 | Date of automatic sell-to-cover instruction for RSUs. |
| March 17, 2023 | Date the RSUs were granted to the Reporting Person, vesting in 25% increments each six months anniversary from the grant date. |
| September 17, 2024 | Date of RSU vesting and acquisition of Class A Common Stock. |
| September 19, 2024 | Date of sale of Class A Common Stock to cover withholding taxes. |
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