Form 4: Ameren Executive Boosts Stake with Equity Grants

Mark C. Lindgren, EVP & Chief HR Officer of a subsidiary, increased his beneficial ownership in Ameren Corp through restricted stock units and performance share unit vesting.

Summary

• Mark C. Lindgren, EVP & Chief HR Officer of a subsidiary of Ameren Corp, reported changes in his beneficial ownership.
• On February 5, 2026, Lindgren acquired 2,082 restricted stock units (RSUs) under the 2022 Omnibus Incentive Compensation Plan. These RSUs are scheduled to vest upon the payment date in 2029, no later than March 15, 2029.
• On the same date, he acquired 4,349 shares upon the vesting of previously granted performance share units (PSUs).
• The total direct beneficial ownership after these transactions is 49,099 shares of Common Stock, $.01 Par Value.
• This total includes 94 accrued dividend equivalents acquired during the third through fourth quarters of 2025 pursuant to a dividend reinvestment feature of restricted stock units.
• Lindgren also holds an estimated 1,731 share equivalents indirectly in the Ameren Corporation Savings Investment Plan (401K) as of January 31, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing positively as it indicates an increase in executive ownership through incentive-based compensation, aligning management's interests with long-term shareholder value creation.

Positives

• Increased beneficial ownership by a key executive, signaling confidence in the company's future.
• Grant of restricted stock units and vesting of performance share units align executive incentives with shareholder interests.
• Accrual of dividend equivalents indicates ongoing value generation from existing equity awards.

Future Outlook

The restricted stock units granted on February 5, 2026, are scheduled to vest upon the payment date in 2029, no later than March 15, 2029, subject to the terms of the 2022 Omnibus Incentive Compensation Plan.

Industry Context

StockSavvy.ai notes that executive equity grants and vesting events are standard practices in the utility sector, aligning management incentives with long-term company performance and shareholder value. Such grants are common for executives at companies like Duke Energy (DUK) or NextEra Energy (NEE), reflecting a commitment to retaining key talent and fostering sustained growth.

Comparison to Industry Standards

• The grant of restricted stock units and vesting of performance share units are consistent with typical executive compensation structures observed across the utility industry, including peers such as Duke Energy and NextEra Energy.
• The zero-dollar acquisition price for these equity awards is standard for grants and vesting events, reflecting compensation rather than open market purchases.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity ownership.

Next Steps

• Vesting of 2,082 restricted stock units by March 15, 2029.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation through equity grants and vesting, which is a positive for aligning management incentives but does not present new fundamental information to warrant a change in investment recommendation. It reinforces a 'hold' stance, acknowledging stable corporate governance and compensation practices.

Keywords

Ameren Corp, AEE, Insider Transaction, Form 4, Restricted Stock Units, Performance Share Units, Executive Compensation, Beneficial Ownership, Mark C. Lindgren