Form 4: Ameren SVP Shaw Receives RSU Grant

Ameren's Senior Vice President of Finance and Chief Accounting Officer, Theresa A. Shaw, was granted 2,411 restricted stock units.

Summary

• Theresa A. Shaw, SVP, Finance and CAO of Ameren Corp (AEE), reported changes in her beneficial ownership of company securities.
• She was granted 2,411 restricted stock units (RSUs) on October 9, 2025, under the issuer's 2022 Omnibus Incentive Compensation Plan.
• These RSUs are scheduled to vest upon the payment date in 2029, no later than November 15, 2029.
• Her total beneficially owned common stock, including the RSU grant and 92 accrued dividend equivalents, amounts to 33,267 shares.
• Additionally, she holds an estimated 884 share equivalents indirectly in the Ameren Corporation Savings Investment Plan as of September 30, 2025.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a senior executive is generally viewed positively as it aligns management's interests with long-term shareholder value, indicating confidence in the company's future performance and commitment to executive retention.

Positives

• The grant of 2,411 restricted stock units to a senior executive, Theresa A. Shaw, aligns her interests with long-term shareholder value.
• The grant is part of the company's 2022 Omnibus Incentive Compensation Plan, indicating a structured approach to executive incentives and retention.

Future Outlook

The 2,411 restricted stock units granted to Theresa A. Shaw are scheduled to vest upon the payment date in 2029, no later than November 15, 2029, subject to the terms of the 2022 Omnibus Incentive Compensation Plan.

Industry Context

This is a routine executive compensation disclosure for a utility company, Ameren Corp, reflecting standard industry practices for aligning executive incentives with long-term company performance through equity grants.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased alignment of executive incentives with long-term shareholder value.
• Employees: Reflects standard executive compensation practices within the company, potentially impacting morale and retention.

Next Steps

• Vesting of 2,411 restricted stock units by November 15, 2029.

Key Dates

Recommendation

This Form 4 filing details a routine grant of restricted stock units to a senior executive, which is a standard component of executive compensation. While it indicates management's continued alignment with shareholder interests, a single insider transaction report does not provide sufficient information to warrant a change in investment recommendation. Investors should consider broader financial performance, strategic initiatives, and market conditions for a comprehensive investment decision.

Keywords

Ameren, AEE, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Theresa A. Shaw, Corporate Governance