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Ameresco Executive Compensation (FY25)

AMRC · Framingham, MA · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 11, 2026Latest filing (8-K): June 8, 2026
7 filings cited on this page
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Published by Velarion Company Intelligence
Ameresco brief$1,500Get the executive brief
214 figures on this page: 210 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
George Sakellaris
Median of the other named officers
$1,019,488
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 4, 2026
Chief executive pay ratio
◇
To the median employee

More on Ameresco

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — George Sakellaris: $1,548,705 → $3,339,804 (115.7% higher)
CEO pay ratio: 14:1 → 30:1 (114.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Ameresco's chief executive and what were they paid?
George Sakellaris was paid $3,339,804 in total compensation as Chairman of the Board of Directors and Chief Executive Officer for fiscal 2025. Compared with the $1,548,705 reported for fiscal 2024, Sakellaris' total was 115.7% higher.
What was Ameresco's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 94.3% support at the meeting held June 4, 2026.
Which companies are in Ameresco's peer group?
The disclosed peer group includes Argan, Inc., Bloom Energy Corporation, Bowman Consulting Group Ltd., Centuri Group, Inc. and EnerSys, Inc., among others.
What is Ameresco's chief executive pay ratio?
The company reported a chief executive pay ratio of 30:1 for fiscal 2025, against median employee compensation of $111,589.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
George Sakellaris
Chairman of the Board of Directors, President, and Chief Executive Officer
◇——◇——◇◇
Michael Bakas
Executive Vice President, Distributed Energy Systems
◇◇—◇——◇◇
Britta MacIntosh
Senior Vice President, Western Region and U.K. & Europe Operations
◇◇—◇——◇◇
Nicole Bulgarino
Executive Vice President and General Manager, Federal Solutions
◇◇—◇——◇◇
Spencer Hole
Executive Vice President and Chief Financial Officer
◇◇—◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
George Sakellaris
Chairman of the Board of Directors, President, and Chief Executive Officer
◇—————◇◇
Nicole Bulgarino
President - Federal Solutions and Utility Infrastructure
◇◇—◇——◇◇
Michael Bakas
President - Renewable Fuels
◇◇—◇——◇◇
Louis Maltezos
President - Central & Western USA, Canada
◇◇—◇——◇◇
Mark Chiplock
Executive Vice President, Chief Financial Officer and Chief Accounting Officer
◇◇—◇——◇◇
Spencer Hole
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇◇—◇——◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
George Sakellaris
Chairman of the Board of Directors and Chief Executive Officer
◇◇◇◇——◇◇
Peter Christakis
Chief Operating Officer
◇◇◇◇——◇◇
Louis Maltezos
Co-President
◇◇◇◇——◇◇
Nicole Bulgarino
Co-President
◇◇◇◇——◇◇
Michael Bakas
President - Renewable Fuels
◇◇◇◇——◇◇
Mark Chiplock
Executive Vice President, Chief Financial Officer and Chief Accounting Officer
◇◇◇◇——◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
George SakellarisRSA◇——◇——◇
George SakellarisOPTION◇—————◇
Louis MaltezosOPTION◇—————◇
Louis MaltezosRSA◇——◇——◇
Mark ChiplockRSA◇——◇——◇
Mark ChiplockOPTION◇—————◇
Michael BakasOPTION◇—————◇
Michael BakasRSA◇——◇——◇
Nicole BulgarinoRSA◇——◇——◇
Nicole BulgarinoOPTION◇—————◇
Peter ChristakisOPTION——————◇
Peter ChristakisRSA———◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Louis MaltezosPSU◇◇——
PSU◇◇——
PSU◇◇——
George SakellarisOption◇—◇5/11/2035
RSU◇◇——
Option◇—◇3/4/2031
Mark ChiplockPSU◇◇——
PSU◇◇——
PSU◇◇——
Peter ChristakisPSU◇◇——
PSU◇◇——
PSU◇◇——
Michael BakasPSU◇◇——
PSU◇◇——
PSU◇◇——
Nicole BulgarinoPSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
George Sakellaris
Chairman of the Board of Directors and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Louis Maltezos
Co-President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Mark Chiplock
Executive Vice President, Chief Financial Officer and Chief Accounting Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Michael Bakas
President - Renewable Fuels · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Nicole Bulgarino
Co-President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Peter Christakis
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph W. Sutton
Lead independent director
◇◇————◇
Frank V. Wisneski
◇◇————◇
Jennifer L. Miller
◇◇————◇
Nickolas Stavropoulos
◇◇————◇
Charles R. Patton
◇◇————◇
Claire Hughes Johnson
◇◇————◇
George P. Sakellaris and David J. Corrsin served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($350,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Argan, Inc. AGX
  • Bloom Energy Corporation BE
  • Bowman Consulting Group Ltd. BWMN
  • Centuri Group, Inc. CTRI
  • EnerSys, Inc. ENS
  • Fluence Energy, Inc. FLNC
  • IES Holdings, Inc. IESC
  • Itron, Inc. ITRI
  • Limbach Holdings, Inc. LMB
  • Matrix Service Company MTRX
  • MYR Group, Inc. MYRG
  • NV5 Global, Inc. NVEE
  • Plug Power Inc. PLUG
  • Shoals Technologies Group, Inc. SHLS
  • SolarEdge Technologies, Inc. SEDG
  • Sunrun Inc. RUN
  • Willdan Group, Inc. WLDN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 4, 2026=◇◇◇
2022June 13, 2023=◇◇◇
2019May 29, 2020=◇◇◇
2016June 1, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Ameresco disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Ameresco sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
214 figures on this page: 210 cited to the filing that reported them, 4 calculated from figures it prints.
210 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001628280-26-041641
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001628280-26-026695
    Compensation Discussion and Analysis · Executive Compensation Tables · Executive Compensation and Related Information - Outstanding Equity Awards · Grants of Plan‑Based Awards in Fiscal Year · and 2 more sections
  3. 0001488139-25-000087
    Executive Compensation Tables
  4. 0001488139-23-000115
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001488139-23-000063
    Summary Compensation Table
  6. 0001488139-20-000046
  7. 0001488139-17-000035
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Ameresco executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AMRC (accessed 2026).
Short form: data: Velarion

The paid brief for Ameresco

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Ameresco discloses

The companies named in AMRC's own disclosed peer group.

Argan, Inc.Bloom Energy CorporationBowman Consulting Group Ltd.Centuri Group, Inc.EnerSys, Inc.Fluence Energy, Inc.IES Holdings, Inc.Itron, Inc.Limbach Holdings, Inc.Matrix Service CompanyMYR Group, Inc.Plug Power Inc.Shoals Technologies Group, Inc.SolarEdge Technologies, Inc.Sunrun Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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