Ameren (AEE) director Lipstein receives 1,686-share equity grant

Rhea-AI Filing Summary

Ameren Corp director Steven H. Lipstein reported an award of 1,686 shares of common stock on January 5, 2026, as director compensation. The shares were acquired at a reported price of $0 per share, reflecting a stock-based compensation grant rather than an open-market purchase. Following this transaction, Lipstein beneficially owns 37,862 shares of Ameren common stock in direct ownership.

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

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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^*

Lipstein Steven H

(Last) (First) (Middle)

1901 CHOUTEAU AVENUE, MC 1310

P.O. BOX 66149

(Street)

ST. LOUIS MO 63166-6149

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMEREN CORP [ AEE ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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
Common Stock, $.01 Par Value	01/05/2026		A		1,686(1)	A	$0	37,862	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

Explanation of Responses:

1. Director compensation.

Remarks:

	Jonathan T. Shade, Deputy Corp. Secy. of Ameren Corporation, attorney-in-fact for Steven H. Lipstein	01/07/2026
	** 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).
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FAQ

What insider transaction did Ameren (AEE) director Steven H. Lipstein report?

Steven H. Lipstein reported acquiring 1,686 shares of Ameren common stock on January 5, 2026. The transaction was coded as an acquisition and described in the footnote as director compensation.

Was the Ameren (AEE) director stock transaction an open-market purchase?

No. The filing shows a transaction price of $0 per share and includes the explanation "Director compensation", indicating the shares were granted as compensation rather than bought in the market.

How many Ameren (AEE) shares does Steven H. Lipstein own after this Form 4 transaction?

After receiving the compensation grant, Steven H. Lipstein beneficially owns 37,862 shares of Ameren common stock in direct ownership.

What is the relationship of the reporting person to Ameren (AEE)?

The reporting person, Steven H. Lipstein, is identified in the filing as a director of Ameren Corp and is not listed as a 10% owner or officer.

Does the Ameren (AEE) Form 4 indicate indirect ownership through another entity?

No. The transaction is reported with ownership form Direct (D) and no nature of indirect beneficial ownership is listed, so the shares are attributed directly to Steven H. Lipstein.