Advanced Energy (NASDAQ: AEIS) COO gains shares from 2023 performance units
Filing Impact
Filing Sentiment
Form Type
4
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
8,409 shares exercised/converted
Mixed
2 txns
Insider
Acebedo Eduardo Bernal
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 8,409 | $0.00 | -- |
| Exercise | Common Stock | 13,747 | $314.12 | $4.32M |
Holdings After Transaction:
Performance Units — 0 shares (Direct);
Common Stock — 33,569 shares (Direct)
Footnotes (1)
- 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. Represents 7,967 shares of unvested restricted stock units and 25,602 shares of common stock. 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?
Eduardo Acebedo reported the vesting and exercise of performance units under Advanced Energy’s 2023 Long-Term Incentive Plan. The award vested based on performance metrics, converting into common shares released on a Board-approved February 18, 2026 date.
How many performance units vested for AEIS EVP and COO Eduardo Acebedo?
A total of 8,409 performance units vested for Eduardo Acebedo. These units were granted at 100% of target under the 2023 Long-Term Incentive Plan and became earned based on achievement of defined performance metrics over a three-year performance period.
Were the AEIS performance unit awards tied to specific performance metrics?
Yes, the performance unit awards were tied to metrics under the 2023 Long-Term Incentive Plan. They were issued at 100% of target and vested following a three-year performance period, with vesting determined by achievement of the plan’s specified performance criteria.
When were the AEIS performance units originally reported and approved for release?
The performance unit awards were originally reported on March 3, 2023. Following completion of the performance period and metric achievement, the Board of Directors approved the release of the resulting shares effective February 18, 2026, as disclosed in the Form 4 footnotes.