Arora Ajay K 4

What Happened

• Ajay K. Arora, an executive vice president of an Ameren subsidiary, was granted 6,797 performance-based restricted stock units (RSUs) on 2026-06-01. The reported grant price is $0.00 (award), so no cash was exchanged. The filing states the amount reported is the minimum number of shares that will be delivered if vesting conditions are met.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely under Form 4 rules).
• Transaction type/code: A — Grant/Award of restricted stock units.
• Price: $0.00 per share; total reported cost/value: $0.
• Vesting/payment: Performance-based RSUs scheduled to vest and be delivered as soon as practicable after June 1, 2031 and no later than July 15, 2031, subject to the 2022 Omnibus Incentive Compensation Plan and the award agreement.
• Shares owned after transaction: Not specified in this filing.
• Relevant footnotes:
  • F2 explains these are performance-based RSUs under the issuer’s 2022 Plan and that the reported number is the minimum that will be delivered upon satisfaction of vesting conditions.
  • F1 notes an estimated number of share equivalents held in the Ameren Savings Investment Plan as of May 29, 2026 (amount not shown here).
  • F3 references small prior increases from dividend reinvestment (2 shares + 28 accrued dividend equivalents in Q1 2026) related to RSU dividend reinvestment.

Context

• This was an equity award (compensation) rather than an open-market buy or sale. Awards like these are common long-term incentive pay for executives and vest only if performance and time conditions are met; they do not immediately change insider sentiment in the market.
• Because the grant vests in 2031 and is performance-based, the ultimate number of shares delivered could differ based on performance and plan terms.