Acebedo Eduardo Bernal 4

What Happened
Eduardo Bernal Acebedo, EVP and COO of Advanced Energy Industries (AEIS), exercised or converted derivatives on Feb 18, 2026, resulting in the acquisition of 13,747 shares at $314.12 per share (total value reported $4,318,208). The filing also records a conversion/disposition of 8,409 derivative shares at $0.00. The transactions reflect issuance/release of equity tied to long‑term incentive awards rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-18 (Form 4 filed 2026-02-20 — timely filing).
• Acquired: 13,747 shares at $314.12 / share; total reported value $4,318,208 (transaction code M = exercise/conversion of derivative).
• Disposed/converted: 8,409 shares at $0.00 (transaction code M — recorded as derivative disposal).
• Shares owned after transaction: 25,602 shares of common stock beneficially owned and 7,967 unvested restricted stock units remaining (per footnote).
• Footnotes: F1–F3 indicate these shares relate to performance unit awards under the 2023 Long‑Term Incentive Plan (issued at 100% of target, vested based on multi‑year performance, and approved for release by the Board on 2/18/2026).
• No 10b5‑1 plan or sale in the open market is indicated; the $0.00 disposal likely reflects non‑cash settlement mechanics reported as a derivative disposition (e.g., withholding/settlement), as described in the filing notes.

Context
These transactions are conversions/vestings of long‑term incentive awards rather than outright market buys or discretionary sales. There is no indication the shares were immediately sold in the open market; the acquisition increases his reported common‑stock holdings. For retail investors, award vesting/issuance is routine compensation treatment and differs from insider cash purchases as a signal of conviction.