BEARD GRANT H 4

What Happened

• Grant H. Beard, a non-employee director of Advanced Energy Industries, was granted 760 restricted stock units (RSUs) on May 7, 2026. The RSUs are recorded at $0 on the Form 4 (transaction code A for award/ grant) and are a derivative award rather than an open-market purchase or sale.
• These RSUs are the equity portion of the director retainer under the company's 2023 Amended and Restated Omnibus Incentive Plan and will convert to shares only if vesting conditions are met.

Key Details

• Transaction date: 2026-05-07; Filing date: 2026-05-08 (timely filing the next day).
• Transaction type/code: A (award/grant) of 760 RSUs at $0.00 per unit as reported.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: (F1) Annual grant of RSUs as director retainer; vests on the one-year anniversary contingent on continued service. (F2) RSUs are not exercisable and have no expiration date.
• This is compensation (routine director award), not a cash purchase or sale.

Context

• RSUs are a promise to deliver shares in the future if vesting conditions are met; they do not convey voting rights or saleable shares until converted.
• Awards to non-employee directors are common and generally reflect routine compensation rather than a direct signal about company outlook.