[Form 4] Ameresco, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Peter Christakis, an officer of Ameresco, Inc. (AMRC), reported equity awards and a stock acquisition on 09/10/2025. The filing shows a grant of 750 Restricted Stock Units (RSUs) with an associated acquisition of 750 Class A common shares at a price of $0. After the reported transaction, the filing indicates beneficial ownership of 12,606 Class A shares and 2,250 shares attributable to RSUs. The RSUs are defined so that each unit converts to one share and vest over two years, with 25% vesting every six months.

Positive

• 750 RSUs granted to an officer, providing time-based alignment between executive compensation and shareholder value
• Vesting schedule disclosed: RSUs vest over two years with 25% vesting on each 6-month anniversary, supporting retention transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine executive equity grant reported; standard multi-period vesting links pay to future performance and retention.

The Form 4 documents a time-based equity award to an officer (President-EastUSA, ProjectRisk). The grant of 750 RSUs and the reported immediate acquisition of 750 Class A shares are disclosed with a $0 price, consistent with restricted-unit awards rather than open-market purchases. The two-year, 25% every-six-months vesting schedule is a straightforward retention mechanism. This filing is informational and does not indicate unusual governance action or structural change.

Compensation Analyst

TL;DR: Compensation report shows a modest RSU grant with staggered vesting; impact on dilution and pay levels appears limited from disclosed amounts.

The 750 RSU grant converts one-for-one to common shares and vests over two years by quarter-milestones (25% every six months). The filing shows the officer holds 12,606 shares post-transaction and 2,250 RSU-attributable shares overall. Based solely on disclosed quantities, this award represents a discrete equity retention/compensation event rather than a large, transformative grant.

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
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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^*

Christakis Peter

(Last) (First) (Middle)

C/O AMERESCO, INC.

111 SPEEN STREET, SUITE 410

(Street)

FRAMINGHAM MA 01701

(City) (State) (Zip)

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-EastUSA, ProjectRisk

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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

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

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

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
Class A Common Stock	09/10/2025		M		750	A	$0	12,606	D

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
Restricted Stock Unit	(1)	09/10/2025		M			750	(2)	(2)	Class A Common Stock	750	$0	2,250	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock").

2. Each RSU vests over two years with 25% vesting on each 6-month anniversary of the applicable grant date.

Remarks:

	/s/ David J. Corrsin, attorney-in-fact	09/12/2025
	** 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.

FAQ

Who filed the Form 4 for Ameresco (AMRC)?

The reporting person is Peter Christakis, listed as President-EastUSA, ProjectRisk.

What transaction did the Form 4 report for AMRC on 09/10/2025?

The report discloses the grant/acquisition of 750 RSUs and 750 Class A common shares at a price of $0 on 09/10/2025.

How many Ameresco shares does the reporting person beneficially own after the transaction?

The filing shows 12,606 Class A shares beneficially owned following the reported non-derivative transaction and 2,250 RSU-attributable shares disclosed in derivative holdings.

What is the vesting schedule for the RSUs in the Form 4?

Each RSU vests over two years with 25% vesting on each six-month anniversary of the grant date.

Does the Form 4 report any cash purchase price for the granted RSUs or shares?

No; the reported price for the RSUs and the acquired Class A shares is listed as $0.