Ameresco executive granted 30,000 stock options

Ameresco, Inc. reported that executive Nicole E. Bulgarino, President – Federal & Utility, received a grant of stock options covering 30,000 shares of Class A common stock.

Rhea-AI Filing Summary

Ameresco, Inc. reported that executive Nicole E. Bulgarino, President – Federal & Utility, received a grant of stock options covering 30,000 shares of Class A common stock. The options have an exercise price of $31.02 per share and expire on May 18, 2036.

These options were awarded as a compensation grant, not an open-market purchase. According to the vesting terms, 20% of the options vest on each anniversary of the May 18, 2026 grant date over a five-year period, contingent on continued service. Following this grant, she holds 30,000 options from this award.

Insider Trade Summary

Grant/Award: 30,000 shares

Grant/Award 1 txn

Insider Bulgarino Nicole E

Role President - Federal & Utility

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to puchase)	30,000	$0.00	$0.00

Holdings After Transaction: Stock Option (right to puchase) — 30,000 contracts (Direct)

Footnotes (1)

1. F1. Of the shares subject to the option, 20% vest on each of anniversary of the grant date of May 18, 2026 over a period of five years.

Key Figures

Options granted: 30,000 options Exercise price: $31.02 per share Expiration date: May 18, 2036 +3 more

6 metrics

Options granted 30,000 options Grant to Nicole E. Bulgarino on May 18, 2026

Exercise price $31.02 per share Stock option strike price for Class A Common Stock

Expiration date May 18, 2036 Option term end for 30,000-share grant

Underlying shares 30,000 shares Class A Common Stock underlying the options

Vesting rate 20% per year Each anniversary of May 18, 2026 over five years

Post-grant options 30,000 options Total options held from this award after transaction

Key Terms

Stock Option (right to puchase), Class A Common Stock, Grant, award, or other acquisition, exercise price, +1 more

5 terms

Stock Option (right to puchase) financial

"security_title: Stock Option (right to puchase)"

Class A Common Stock financial

"underlying_security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

exercise price financial

"conversion_or_exercise_price: 31.0200"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"20% vest on each of anniversary of the grant date"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ameresco (AMRC) disclose about Nicole Bulgarino in this Form 4?

Ameresco disclosed a stock option grant to executive Nicole E. Bulgarino. She received options for 30,000 shares of Class A common stock as compensation, with a set exercise price and multi-year vesting schedule rather than an open-market stock purchase or sale.

How many Ameresco (AMRC) stock options were granted to Nicole Bulgarino?

Nicole Bulgarino was granted options on 30,000 shares of Ameresco Class A common stock. The Form 4 states this entire amount is subject to a single option award, which vests in stages over time and brings her reported holdings from this grant to 30,000 options.

What is the exercise price of Nicole Bulgarino’s Ameresco (AMRC) stock options?

The exercise price of the granted options is $31.02 per share. This means she can buy Ameresco Class A common stock at $31.02 once the options vest and are exercised, up until the stated expiration date, subject to the plan’s terms.

When do Nicole Bulgarino’s Ameresco (AMRC) stock options vest?

The options vest 20% on each anniversary of the May 18, 2026 grant date. Vesting occurs over five years, so the award becomes exercisable in equal annual installments, assuming she continues to meet the service conditions associated with the grant.

When do Nicole Bulgarino’s Ameresco (AMRC) stock options expire?

The granted stock options expire on May 18, 2036. After this expiration date, any unexercised portion of the 30,000-share option award will lapse, so the options must be vested and exercised before that date under the plan’s rules.

Was this Ameresco (AMRC) Form 4 a market buy or sell by Nicole Bulgarino?

This Form 4 reports a grant of stock options, not a market trade. The transaction code is an acquisition by grant or award, indicating compensation rather than an open-market purchase or sale of Ameresco Class A common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 07:09 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bulgarino Nicole E

(Last) (First) (Middle)

C/O AMERESCO, INC.

111 SPEEN STREET, SUITE 410

(Street)

FRAMINGHAM MASSACHUSETTS 01701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ameresco, Inc. [ AMRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President - Federal & Utility

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to puchase)	$31.02	05/18/2026		A		30,000		(1)	05/18/2036	Class A Common Stock	30,000	$0	30,000	D

Explanation of Responses:

1. Of the shares subject to the option, 20% vest on each of anniversary of the grant date of May 18, 2026 over a period of five years.

Remarks:

	/s/ David J. Corrsin, attorney-in-fact	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)