Ameresco (AMRC) Insider Filing: RSU Grant and Share Sale by EVP/GC
Rhea-AI Filing Summary
Ameresco, Inc. (AMRC) insider filing: David J. Corrsin, EVP and General Counsel and a Company director, reported transactions dated 09/10/2025. The Form 4 shows a non-derivative entry for Class A Common Stock with a transaction code M for 50 shares acquired at $0 and a disposition of 471 shares, leaving 398 shares beneficially owned indirectly by spouse. The filing also reports 50 Restricted Stock Units (RSUs) granted (each representing one share), code M, with 50 underlying shares and 200 RSUs held indirectly by spouse following the transaction. The reporting person disclaims beneficial ownership of the spouse-held shares and explains each RSU vests over two years with 25% vesting every six months.
Positive
- Received 50 RSUs representing contingent rights to 50 shares, indicating continued equity-based compensation
- RSUs vest over two years with 25% vesting each six months, aligning with retention incentives
Negative
- Disposition of 471 shares was reported with no price disclosed in the filing for the sale
- Majority of reported holdings are indirect (by spouse), and reporting person disclaims beneficial ownership of those shares
Insights
TL;DR: Director/officer reported routine RSU grant and share disposition; ownership is largely held indirectly by spouse.
The filing documents standard executive compensation mechanics and household-level ownership. The RSU grant vests over two years with scheduled 25% increments every six months, indicating a time-based retention element. The reporting person disclaims direct beneficial ownership of shares held by the spouse, so reported holdings are predominantly indirect. Transaction code "M" is recorded for both entries; the form does not explain the economic rationale or provide additional context about why 471 shares were disposed.
TL;DR: Transactions appear administrative: small RSU award and a share sale, with most holdings reported as spouse-owned.
The reported numbers are modest: 50 RSUs (50 underlying shares) added and 471 shares disposed, leaving 398 shares indirectly owned by spouse and 200 RSUs indirectly held after the transaction. These amounts are small relative to typical market-capitalization thresholds and do not on their face indicate a material change in control or disclosure of a significant shift in insider conviction. The form provides precise counts and vesting schedule but no price detail for the disposed shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 50 | $0.00 | -- |
| Exercise | Class A Common Stock | 50 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
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. Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock"). Each RSU vests over two years with 25% vesting on each 6-month anniversary of the applicable grant date.
