Ameresco (NYSE: AMRC) adviser Corrsin vests 25K options as 25K forfeited
Rhea-AI Filing Summary
Ameresco, Inc. (AMRC) reported that David J. Corrsin, its Executive Vice President and General Counsel, acquired a stock option for 25,000 shares of Class A common stock on August 17, 2026. The option has an exercise price of $14.55 per share and an expiration date of May 11, 2035, resulting in post-transaction holdings of 25,000 option shares. According to the footnote, this reflects partial vesting of a 50,000-share performance-based option originally granted on May 12, 2025; 25,000 shares vested effective as of his resignation as Executive Vice President, General Counsel and Secretary and transition to Special Legal Advisor, and the remaining 25,000 option shares were forfeited.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Corrsin David J
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to purchase) F1 | 25,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to purchase) — 25,000 shares (Direct)
Footnotes (1)
- F1. On May 12, 2025, the reporting person was granted an option to purchase 50,000 shares of Class A common stock. The option vested based on performance relative to goals established for the three-year performance period from January 1, 2025 to December 31, 2027, subject to continued service to Ameresco, Inc. In connection with the reporting person's resignation as Ameresco, Inc.'s Executive Vice President, General Counsel and Secretary and transition to Special Legal Advisor to the Company, the Compensation Committee of Ameresco, Inc.'s Board of Directors reviewed the performance criteria achieved to date and accelerated this option such that the option vested as to 25,000 shares effective as of the resignation date and the remaining 25,000 options were forfeited.
Key Figures
Option shares acquired: 25,000 shares
Exercise price: $14.55 per share
Expiration date: May 11, 2035
+4 more
7 metrics
Option shares acquired
25,000 shares
Stock Option (right to purchase) for Class A Common Stock acquired on August 17, 2026
Exercise price
$14.55 per share
Conversion or exercise price for the 25,000-share stock option
Expiration date
May 11, 2035
Expiration date of the reported stock option grant
Options after transaction
25,000 shares
Total stock option shares held following the reported transaction
Original performance option size
50,000 shares
Performance-based option granted May 12, 2025 before partial vesting and forfeiture
Forfeited option shares
25,000 shares
Portion of the original 50,000-share option that was forfeited
Performance period dates
January 1, 2025 to December 31, 2027
Three-year performance period tied to the original 50,000-share option grant
Key Terms
Stock Option (right to purchase), performance period, vested, forfeited, +1 more
5 terms
Stock Option (right to purchase) financial
"security_title is listed as Stock Option (right to purchase)"
performance period financial
"goals established for the three-year performance period from January 1, 2025"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
vested financial
"the option vested based on performance relative to goals"
forfeited financial
"the remaining 25,000 options were forfeited"
Compensation Committee financial
"the Compensation Committee of Ameresco, Inc.'s Board of Directors reviewed"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What did AMRC insider David J. Corrsin report on this Form 4?
David J. Corrsin reported acquisition of a stock option for 25,000 shares of Ameresco Class A common stock. The option stems from a performance-based grant where 25,000 shares vested and 25,000 were forfeited in connection with his role change.
What are the key terms of David J. Corrsin’s new Ameresco (AMRC) stock option?
The option covers 25,000 shares of Ameresco Class A common stock at an exercise price of $14.55 per share. It was effective August 17, 2026 and carries an expiration date of May 11, 2035, according to the Form 4 disclosure.
How is David J. Corrsin’s role changing at Ameresco (AMRC) in connection with this option event?
The footnote states that Corrsin resigned as Ameresco’s Executive Vice President, General Counsel and Secretary and transitioned to Special Legal Advisor to the Company. The Compensation Committee accelerated vesting on 25,000 option shares in connection with this change.
Was the Ameresco (AMRC) Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and there is no footnote stating the transaction was pursuant to a Rule 10b5-1 or pre-arranged trading plan in this disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
