AMRC Form 4: Mark Chiplock Exercises Options and Sells 5,602 Shares
Rhea-AI Filing Summary
Mark Chiplock, Ameresco, Inc. (AMRC) EVP, CFO & CAO reported option exercises and a sale on 10/01/2025. He converted options with strike prices of $12.35 (5,000 shares) and $13.37 (602 shares), acquiring a total of 5,602 Class A shares. The same day he sold 5,602 shares at $37.95 under a Rule 10b5-1 trading plan adopted on 6/05/2025. After these transactions, the reporting person beneficially owned 1,189 Class A shares. The Form 4 discloses prior option grant and vesting history for an award originally granted in 2019, with vesting tied to service and performance; the filing was signed by an attorney-in-fact on 10/02/2025.
Positive
- 5,602 shares acquired via option exercise, converting equity awards into common stock
- Sale executed under a disclosed Rule 10b5-1 trading plan adopted on 6/05/2025, indicating a pre-set trading arrangement
Negative
- Immediate sale of 5,602 shares at $37.95, reducing beneficial ownership to 1,189 Class A shares
- Significant insider disposal relative to post-transaction holdings (sold all newly acquired shares)
Insights
Insider exercised options and then sold the resulting shares under a pre-established 10b5-1 plan.
The report shows conversion of options at $12.35 and $13.37 into 5,602 shares, followed by an immediate sale of those 5,602 shares at $37.95. The filer adopted a Rule 10b5-1 plan on 6/05/2025, which the explanation cites as the mechanism for the sales.
This filing documents compliance with Section 16 reporting and notes vesting history for the option grants from 2019, clarifying that the exercised options were previously earned through service and performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to purchase) | 5,000 | $0.00 | -- |
| Exercise | Stock Option (right to puchase) | 602 | $0.00 | -- |
| Exercise | Class A Common Stock | 5,000 | $12.35 | $62K |
| Exercise | Class A Common Stock | 602 | $13.37 | $8K |
| Sale | Class A Common Stock | 5,602 | $37.95 | $213K |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2025. Of the shares subject to the option, 20% vested on October 24, 2019, and the remainder vested in four equal installments on each of the subsequent four anniversaries of such date. On August 6, 2019, the reporting person was granted an option to purchase 40,000 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, 2019 to December 31, 2021. Based on the level of achievement of these goals, as determined by Ameresco, Inc.'s Board of Directors, this option vested as to 36,000 shares.
