David Reed 4

What Happened
David Reed, a director of Advanced Energy Industries, received a grant of 587 restricted stock units (RSUs) on May 7, 2026. The filing reports an acquisition price of $0 because this was an equity award (transaction code A). The RSUs vest on the one‑year anniversary of the grant (May 7, 2027) only if Reed continues service as a director.

Key Details

• Transaction date: May 7, 2026 (reported on Form 4 filed May 8, 2026) — filing appears timely.
• Grant: 587 restricted stock units; acquisition price reported as $0 (award).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — annual RSU grant as the equity portion of the non‑employee director retainer under the 2023 Amended and Restated Omnibus Incentive Plan; vests after one year of continued service. F2 — RSUs are not exercisable and have no expiration date.
• Transaction code: A (award/grant of a derivative).

Context
This is a routine non‑employee director compensation grant, not a market purchase or sale. RSUs are a form of deferred equity that convert into common shares (and become taxable) only upon vesting; they do not indicate an immediate buy or sell of stock.