AMRC Form 4: EVP David Corrsin executes 19-share sell-to-cover at $28
Rhea-AI Filing Summary
David J. Corrsin, who serves as EVP and General Counsel and a director of Ameresco, Inc. (AMRC), reported a sale of Class A common stock on 09/15/2025. The filing shows a disposal of 19 shares at a price of $28 per share executed under an automatic sell-to-cover instruction signed March 8, 2023 to cover withholding taxes from vested restricted stock units. The report also shows beneficial ownership balances after the transaction: 379 shares held indirectly (noted by spouse) and 471 shares held directly. The reporting person disclaims beneficial ownership of the shares held by his spouse.
Positive
- Timely and detailed disclosure of the transaction, including purpose (sell-to-cover) and price
- Checks the 10b5-1 plan box, indicating the sale followed a pre-existing instruction
- Spouse holdings and disclaimer are clearly documented, improving transparency
Negative
- Insider sale reported, which some investors may view negatively despite the stated tax-withholding purpose
Insights
TL;DR: Small, routine tax-related sale by an officer; not material to company fundamentals.
The Form 4 discloses a 19-share sale at $28 executed under a pre-existing automatic sell-to-cover instruction tied to RSU vesting. The transaction is explicitly described as tax withholding rather than discretionary trading, which typically reduces concerns about material insider-driven signals. Reported post-transaction holdings include 379 shares indirectly (by spouse) and 471 shares directly. Given the small size relative to an issuer-scale equity base and the stated purpose, this filing appears routine and unlikely to affect valuation or signal firm-specific news.
TL;DR: Proper Section 16 disclosure of an automatic sell-to-cover; raises no governance red flags.
The filer checked the box indicating the sale was made pursuant to a written plan intended to satisfy Rule 10b5-1(c) conditions and included the explanatory remark that the sale covered RSU tax withholding. The report also contains a clear disclaimer regarding spouse-held shares. The form appears complete, signed, and timely; this is consistent with routine insider compliance practices rather than opportunistic trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 19 | $28.00 | $532.00 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The shares were sold pursuant to an automatic sell-to-cover instruction signed March 8, 2023 solely to cover applicable withholding taxes in connection with the vesting of RSUs. 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.
