Director Beard Grant H converted options into 2,773 shares, increasing direct ownership by 5% to 66,120 units (SEC Form 4)
$AEIS
Industrial Machinery/Components
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ADVANCED ENERGY INDUSTRIES INC [ AEIS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/02/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 05/03/2025 | M | 2,616 | A | (1) | 65,766 | D | |||
| Common Stock | 05/03/2025 | M | 157 | A | (2) | 66,120(3) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (4) | 05/02/2025 | A | 3,029 | (5) | (5) | Common Stock | 3,029 | $0 | 3,029 | D | ||||
| Restricted Stock Units | (2) | 05/02/2025 | A | 157 | (5) | (5) | Common Stock | 157 | $0 | 157 | D | ||||
| Restricted Stock Units | (6) | 05/03/2025 | M | 2,616 | (5) | (5) | Common Stock | 2,616 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 05/03/2025 | M | 157 | (5) | (5) | Common Stock | 157 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. On May 3, 2024, the reporting person was granted 2,616 restricted stock units, which vested on the one-year anniversary of the grant date. Restricted stock units convert into common stock on a one-for-one basis. |
| 2. In April 2024, the compensation committee approved an increase in the annual equity grant of restricted stock units to Mr. Beard for services as chair of the board from $50,000 to $65,000, effective with the May 3, 2024 grant; however, Mr. Beard only received $50,000 of restricted stock units. To true-up his 2024 grant, the compensation committee approved a grant on May 2, 2025, of 157 restricted stock units, which vested one day following the date of grant (the vesting date for the May 2024 awards). Restricted stock units convert to common stock on a one-for-one basis. |
| 3. Amount includes 197 shares acquired through the dividend reinvestment plan since the reporting person's last Form 4. |
| 4. Represents an annual grant of restricted stock units to the reporting person on May 2, 2025 as the equity portion of the non-employee directors' retainer for Board services under the 2023 Amended and Restated Omnibus Incentive Plan. The restricted stock units vest on the one-year anniversary of the grant date contingent upon the reporting person's continued service as director upon such date. |
| 5. Restricted stock units are not exercisable and do not have an expiration date. |
| 6. On May 3, 2024, the reporting person was granted 2,616 restricted stock units, which vested on the one-year anniversary of the grant date. Restricted stock units covert to common stock on a one-for-one basis. |
| /s/ Elizabeth Vonne - Attorney-in-Fact | 05/06/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||