2020 Target PSU and RSU Award Formula for Named Executive Officers of Ameren Corporation
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Summary
This document outlines how Ameren Corporation will calculate the 2020 target Performance Share Unit (PSU) and Restricted Stock Unit (RSU) awards for its named executive officers. The awards are based on each officer's base salary as of January 1, 2020, multiplied by a specified long-term incentive target percentage, and then allocated among PSU and RSU categories using set percentages. The final number of units is determined by dividing this amount by the average closing price of Ameren stock over thirty trading days before the grant date.
EX-10.32 9 aee201910-kexhibit1032.htm FORMULA FOR DETERMINING 2020 TARGET PSU AND RSU AWARDS Exhibit
Exhibit 10.32
FORMULA FOR DETERMINING 2020 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 2020 will be determined in accordance with the following formula:
2020 Target Number PSU Awards tied to Relative TSR | = | Base Salary as of 1/1/2020 | 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 the grant date | ||||||
2020 Target Number PSU Awards tied to Renewable Generation & Energy Storage | = | Base Salary as of 1/1/2020 | 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 the grant date | ||||||
2020 Target Number RSU Awards | = | Base Salary as of 1/1/2020 | 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 the grant date | ||||||
NAMED EXECUTIVE OFFICER | LONG-TERM INCENTIVE TARGET AS PERCENT OF BASE SALARY |
Baxter | 400% |
Moehn | 300% |
Lyons | 300% |
Mark | 170% |
Diya | 160% |
Nwamu | 150% |
Amirthalingam | 100% |
