Advanced Energy (NASDAQ: AEIS) COO gains shares from 2023 performance units

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.

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^*

Acebedo Eduardo Bernal

(Last) (First) (Middle)

1595 WYNKOOP STREET, SUITE 800

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADVANCED ENERGY INDUSTRIES INC [ AEIS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		M		13,747(1)	A	$314.12	33,569(2)	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
Performance Units	$0	02/18/2026		M			8,409(3)	(3)	(3)	Common Stock	0	$0	0	D

Explanation of Responses:

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.

2. Represents 7,967 shares of unvested restricted stock units and 25,602 shares of common stock.

3. 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.

	/s/ Elizabeth Vonne - Attorney-in-Fact	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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.

How many Advanced Energy (AEIS) common shares did Acebedo acquire from the award?

The vested performance units converted into 13,747 shares of Advanced Energy common stock. The Form 4 lists a transaction price of $314.12 per share, reflecting the derivative exercise or conversion of the performance-based equity award into common stock.

What is Eduardo Acebedo’s total AEIS share ownership after these transactions?

After the reported transactions, Eduardo Acebedo directly owns 33,569 shares of Advanced Energy. This total includes 7,967 unvested restricted stock units and 25,602 shares of common stock, as detailed in the Form 4 footnote describing his post-transaction equity holdings.

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.