Ameresco EVP exercises options for 20,000 shares
Ameresco, Inc. executive David J. Corrsin reported exercising stock options and acquiring common shares.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to purchase) | 20,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 20,000 | $4.64 | $93K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider transaction did Ameresco (AMRC) report for David J. Corrsin?
What was the exercise price of the Ameresco (AMRC) stock options?
What is the background of the Ameresco (AMRC) option grant exercised by Corrsin?
What transaction code was used in the Ameresco (AMRC) Form 4 filing?
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