Ameresco (NYSE: AMRC) CFO logs tax sell-to-cover, options and RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ameresco, Inc. EVP, CFO & CAO Mark Chiplock reported several equity transactions. He sold 273 shares of Class A Common Stock at $25.31 per share under an automatic sell-to-cover instruction used solely to pay withholding taxes on vesting RSUs, leaving 1,666 shares held directly.
He received a stock option grant for 20,000 shares of Class A Common Stock at an exercise price of $26.36 per share, with 20% vesting on each anniversary of the March 10, 2026 grant date over five years. He was also granted 3,500 restricted stock units, bringing his RSU balance to 5,000, which vest over two years with 25% vesting every six months. Separately, 750 RSUs were converted into 750 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 273 shares ($6,910)
Net Sell
5 txns
Insider
Chiplock Mark
Role
EVP, CFO & CAO
Sold
273 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 273 | $25.31 | $7K |
| Grant/Award | Stock Option (right to purchase) | 20,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 3,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 750 | $0.00 | -- |
| Exercise | Class A Common Stock | 750 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,666 shares (Direct);
Stock Option (right to purchase) — 20,000 shares (Direct);
Restricted Stock Unit — 5,750 shares (Direct)
Footnotes (1)
- The shares were sold pursuant to an automatic sell-to-cover instruction signed March 7, 2023 solely to cover applicable withholding taxes in connection with the vesting of RSUs. Of the shares subject to the option, 20% vest on each of anniversary of the grant date of March 10, 2026 over a period of five years. 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.