Ameren Corporation 2023 Target Performance Share Unit and Restricted Stock Unit Award Formula for Named Executive Officers
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Summary
This document outlines how Ameren Corporation will determine the number of 2023 Performance Share Unit (PSU) and Restricted Stock Unit (RSU) awards for its named executive officers. The awards are calculated based on each officer’s base salary, a specified long-term incentive target percentage, and the average closing price of Ameren stock over a set period. The formula allocates 60% of the award to PSUs tied to relative total shareholder return, 10% to PSUs tied to clean energy transition, and 30% to RSUs. The document lists the specific incentive targets for each executive.
EX-10.31 8 aee202210-kxexhibit1031.htm FORMULA FOR DETERMINING 2023 TARGET PERFORMANCE SHARE UNIT AWARDS Document
Exhibit 10.31
FORMULA FOR DETERMINING 2023 TARGET PSU AND RSU AWARDS
FORMULA FOR DETERMINING 2023 TARGET PERFORMANCE SHARE UNIT ("PSU")
AND RESTRICTED STOCK UNIT ("RSU") AWARDS TO BE ISSUED TO NAMED EXECUTIVE OFFICERS
The target number of PSUs and RSUs to be issued to each Named Executive Officer listed below for 2023 will be determined in accordance with the following formula:
| 2023 Target Number PSU Awards tied to Relative TSR | = | Base Salary as of 2/9/2023 | X | Long-Term Incentive Target listed below | X | 60% | ||||||||||||||
| Thirty-trading-day average closing price of Ameren Corporation Common Stock on The New York Stock Exchange prior to 2/1/2023 | ||||||||||||||||||||
| 2023 Target Number PSU Awards tied to Clean Energy Transition | = | Base Salary as of 2/9/2023 | X | Long-Term Incentive Target listed below | X | 10% | ||||||||||||||
| Thirty-trading-day average closing price of Ameren Corporation Common Stock on The New York Stock Exchange prior to 2/1/2023 | ||||||||||||||||||||
| 2023 Target Number RSU Awards | = | Base Salary as of 2/9/2023 | X | Long-Term Incentive Target listed below | X | 30% | ||||||||||||||
| Thirty-trading-day average closing price of Ameren Corporation Common Stock on The New York Stock Exchange prior to 2/1/2023 | ||||||||||||||||||||
NAMED EXECUTIVE OFFICER | LONG-TERM INCENTIVE TARGET AS PERCENT OF BASE SALARY | ||||
| Lyons | 425% | ||||
| Baxter | 0% | ||||
| Moehn | 315% | ||||
| Nwamu | 165% | ||||
| Singh | 185% | ||||
| Birk | 200% | ||||
