Form 4: Advanced Energy Industries Director Brian Shirley Reports Stock Transactions
SEC Form 4 Filing
Director Brian Shirley of Advanced Energy Industries reports acquisition and disposal of common stock and restricted stock units.
Summary
- Brian Shirley, a director at Advanced Energy Industries, filed a Form 4 detailing changes in beneficial ownership.
- On May 3, 2025, Shirley acquired 2,093 shares of common stock through the vesting of restricted stock units.
- These shares are held indirectly by The Shirley Family Trust.
- Shirley also received an annual grant of 2,313 restricted stock units on May 2, 2025, as part of the non-employee directors' retainer.
- These restricted stock units vest on the one-year anniversary of the grant date, contingent upon continued service as a director.
- Following these transactions, Shirley directly owns 2,093 shares and indirectly owns 4,725 shares through The Shirley Family Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Positives
- The grant of restricted stock units to the director aligns his interests with the long-term performance of the company.
Future Outlook
The restricted stock units granted on May 2, 2025, will vest on the one-year anniversary of the grant date, contingent upon the reporting person's continued service as a director.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the ongoing compensation and equity ownership of a director at Advanced Energy Industries.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Reporting person was granted 2,093 restricted stock units, which vested on the one-year anniversary of the grant date. |
| 05/02/2025 | Annual grant of 2,313 restricted stock units to the reporting person. |
| 05/03/2025 | Acquisition of 2,093 shares of common stock through vesting of restricted stock units. |
| 05/06/2025 | Date of Form 4 filing. |
Keywords
Form 4, beneficial ownership, restricted stock units, common stock, director, Advanced Energy Industries, AEIS, Brian Shirley
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