Ameresco (NYSE: AMRC) EVP exercises options for 20,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ameresco, Inc. executive David J. Corrsin reported exercising stock options and acquiring common shares. On the reported date, he exercised a stock option for 20,000 shares of Class A common stock at an exercise price of $4.64 per share through a derivative exercise/conversion.
Following this transaction, he directly held 20,471 shares of Ameresco Class A common stock. A further 379 shares are held indirectly by his spouse, for which he disclaims beneficial ownership. The option exercised was part of a 2016 grant tied to service and performance goals, of which 44,401 shares ultimately vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,000 shares exercised/converted
Mixed
3 txns
Insider
Corrsin David J
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to purchase) | 20,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 20,000 | $4.64 | $93K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to purchase) — 0 shares (Direct);
Class A Common Stock — 20,471 shares (Direct);
Class A Common Stock — 379 shares (Indirect, By Spouse)
Footnotes (1)
- 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. On May 10, 2016, the reporting person was granted an option to purchase 50,000 shares of Class A common stock. The option vested based on continued service to Ameresco, Inc. and performance relative to goals established for the three-year performance period from January 1, 2016 to December 31, 2018. Based on the level of achievement of these goals, as determined by Ameresco, Inc.'s Compensation Committee, this option vested as to 44,401 shares.
FAQ
What insider transaction did Ameresco (AMRC) report for David J. Corrsin?
Ameresco reported that EVP and General Counsel David J. Corrsin exercised stock options for 20,000 shares of Class A common stock. The transaction was coded as a derivative exercise/conversion, increasing his direct ownership position in Ameresco shares as disclosed in the Form 4 filing.
What was the exercise price of the Ameresco (AMRC) stock options?
The exercised stock options had an exercise price of $4.64 per share for 20,000 shares of Ameresco Class A common stock. This exercise converted derivative securities into common stock, as indicated by the transaction code "M" for an exercise or conversion of a derivative security.
What is the background of the Ameresco (AMRC) option grant exercised by Corrsin?
The exercised option came from a May 10, 2016 grant for 50,000 shares of Class A common stock. Vesting depended on continued service and performance versus goals from January 1, 2016 to December 31, 2018, with 44,401 shares ultimately vesting based on achieved performance.
What transaction code was used in the Ameresco (AMRC) Form 4 filing?
The Form 4 lists transaction code "M" for both related entries, indicating an exercise or conversion of a derivative security. This code confirms the activity was an option exercise, not an open-market purchase or sale of Ameresco Class A common stock.