Opening of Proposals - WWTP Solar Guaranteed Energy Savings Contract Proj. No. 124-015 - Ameresco

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Table of Contents AMERESCO, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In thousands, except per share amounts) The following table summarizes the activity under the plan Weighted -Average Grant Date Number of Options Fair Value Per Share Outstanding at December 31, 2022 13 $ 52.94 Granted 66 45.33 Vested (23) 47.83 Forfeited (4) 48.39 Outstanding at December 31, 2023 52 $ 45.90 Total stock -based compensation expense for the year ended December 31, 2023 related to RSUs was 9,690 As of December 31, 2023,23 of the RSUs were vested and there was $1,604 of unrecognized compensation expense related to RSUs that is expected to be recognized over a period of approximately one year. Employee Stock Purchase Plan Our 2017 Employee Stock Purchase Plan permits eligible employees to purchase up to an aggregate of200 shares of the Company's Class A common stock. In May 2020, we amended our ESPP, which permits eligible employees to purchase up to an aggregate of 350 shares of our Class A common stock. This plan commenced December 1, 2017 and was subsequently amended in August 2018. The ESPP allows participants to purchase shares of common stock at a 5% discount from the fair market value of the stock as determined on specific dates at six-month intervals. During the years ended December 31, 2023 and 2022, we issued60 and 36 shares, respectively, under the ESPP. As of December 31, 2023 and 2022, the amount that had been withheld from employees for future purchases under the ESPP was $182 and $179, respectively. Other Employee Benefits We maintain a qualified 401(k) plan covering eligible U.S. employees who have completed the minimum service requirement, as defined by the plans. The plans require us to contribute 100% of the first six percent of base compensation that a participant contributes to the plans. In 2016, we established a Group Personal Pension Plan for employees in the United Kingdom, for eligible employees who may contribute a portion of their compensation, subject to their age and other limitations established by HM Revenue & Customs. The plan requires us to contribute 100% of the first six percent of base compensation that a participant contributes to the plans. We also have a Registered Retirement Savings Plan for employees in Canada, for eligible employees who may contribute a portion of their compensation. The plan requires us to contribute 100% of the first six percent of base compensation that a participant contributes to the plans. The following table sets forth our matching contributions under the plans 401(k) plan Group Personal Pension Plan Registered Retirement Savings Plan Total matching contributions 95 Year Ended December 31, 2023 2022 2021 7,561 $ 6,974 $ 6,189 652 290 252 429 406 405 8,642 $ 7,670 $ 6,846