Ameresco Insider Report: 750 Shares and 750 RSUs Granted to CFO

Rhea-AI Filing Summary

Ameresco insider Mark Chiplock, EVP, CFO & CAO, reported two transactions on 09/10/2025. He acquired 750 shares of Class A common stock with a $0 reported price, bringing his direct holdings to 1,458 shares. He also received 750 restricted stock units (RSUs), each convertible into one share, at $0, increasing his total derivative holdings to 2,250 shares. The RSUs vest over two years with 25% vesting on each six-month anniversary of the grant date, making them time‑based compensation rather than open‑market purchases.

Positive

• Acquisition of 750 Class A shares increased direct holdings to 1,458 shares
• Grant of 750 RSUs adds time‑based equity (one RSU equals one share) totaling 2,250 derivative shares after the transaction
• Vesting schedule disclosed (25% every six months over two years) provides clear alignment and retention incentives

Negative

• None.

Insights

Financial Analyst

Insider received stock compensation; modest direct share increase and longer-term equity alignment.

Mark Chiplock reported receiving 750 Class A shares and 750 RSUs on 09/10/2025. The RSUs vest over two years with scheduled 25% six‑month cliffs, indicating standard executive retention incentives rather than opportunistic market purchases. The reported acquisitions increased his direct share count to 1,458 and total underlying derivative exposure to 2,250 shares. For investors, this is a routine officer compensation disclosure with limited immediate market impact.

Corporate Governance Expert

Standard time‑based equity grant reported; aligns officer incentives with shareholder interests over vesting period.

The filing shows a grant of 750 RSUs that convert one‑for‑one to common shares and a simultaneous entry recording 750 Class A shares. The vesting schedule—25% every six months over two years—is explicit and customary for retention. The form is signed by an attorney‑in‑fact and filed under Section 16 reporting rules. This disclosure meets regulatory requirements and signals routine compensation governance rather than material corporate action.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chiplock Mark

(Last) (First) (Middle)

C/O AMERESCO, INC.

111 SPEEN STREET, SUITE 410

(Street)

FRAMINGHAM MA 01701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ameresco, Inc. [ AMRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO & CAO

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/10/2025		M		750	A	$0	1,458	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	09/10/2025		M			750	(2)	(2)	Class A Common Stock	750	$0	2,250	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one share of Ameresco, Inc. Class A Common Stock ("Common Stock").

2. Each RSU vests over two years with 25% vesting on each 6-month anniversary of the applicable grant date.

Remarks:

	/s/ David J. Corrsin, attorney-in-fact	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AMRC officer Mark Chiplock report on Form 4?

He acquired 750 Class A shares and was granted 750 RSUs on 09/10/2025, resulting in 1,458 direct shares and 2,250 total derivative shares reported.

When do the RSUs reported by AMRC vest?

The RSUs vest over two years, with 25% vesting on each six‑month anniversary of the grant date.

Did the Form 4 show any sale of shares by the reporting person?

No. The Form 4 records acquisitions (code M) of 750 shares and 750 RSUs; no disposals are reported.

What is the reported price for the transactions on the Form 4?

$0 is listed as the price for both the Class A shares and the RSUs in the filing.

What is Mark Chiplock's role at Ameresco as stated in the filing?

He is the Executive Vice President, Chief Financial Officer & Chief Accounting Officer and filed the Form 4 as an officer.