AEIS COO exercises performance units into common stock
Advanced Energy Industries EVP and COO Eduardo Bernal Acebedo acquired shares through a performance-based equity vesting.
Rhea-AI Filing Summary
Advanced Energy Industries EVP and COO Eduardo Bernal Acebedo acquired shares through a performance-based equity vesting. On the performance unit side, 8,409 performance units vested and were exercised pursuant to a 2023 Long-Term Incentive Plan award, following achievement of the plan’s performance metrics and a Board-approved 2/18/2026 release date.
These units converted into 13,747 shares of common stock at a stated price of $314.12 per share through a derivative exercise. After these transactions, Acebedo directly holds 33,569 shares of common stock, consisting of 7,967 unvested restricted stock units and 25,602 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 8,409 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,747 | $314.12 | $4.32M |
Footnotes (3)
- F1. Represents the total number of shares vested pursuant to the performance unit award issued under the 2023 Long-Term Incentive Plan (the "2023 LTI Plan") and reported voluntarily on 3/3/2023, based on achievement of performance metrics under the 2023 LTI Plan. The shares were approved for a 2/18/2026 release by the Board of Directors.
- F2. Represents 7,967 shares of unvested restricted stock units and 25,602 shares of common stock.
- F3. These performance unit awards were issued under the 2023 LTI Plan at 100% of target and reported voluntarily on 3/3/2023. Following the end of the three-year performance period, the awards vested based on achievement of performance metrics under the 2023 LTI Plan.
FAQ
What did AEIS executive Eduardo Acebedo report on this Form 4?
How many performance units vested for AEIS EVP and COO Eduardo Acebedo?
Were the AEIS performance unit awards tied to specific performance metrics?
When were the AEIS performance units originally reported and approved for release?
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