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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/05/24 Ameren Illinois Co. DEF 14C 5/09/24 11:4M Toppan Merrill/FA |
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Important Notice Regarding the Availability of this Information Statement:
This Information Statement and the 2023 Form 10-K, including consolidated financial statements, are available to you at www.amereninvestors.com/investors/proxy-materials.
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2024 Information Statement
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| Question and Answers about the Annual Meeting and Voting | | | |
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| Information Concerning Nominees to the Board of Directors | | | |
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| Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table | | | |
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| Potential Payments Upon Termination or Change of Control | | | |
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| Selection of Independent Registered Public Accounting Firm | | | |
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| Policy Regarding the Pre-Approval of Independent Registered Public Accounting Firm Provision of Audit, Audit-Related and Non-Audit Services | | | |
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| Stock Ownership Requirement for Named Executive Officers and Members of the Senior Leadership Team | | | |
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| Delinquent Section 16(a) Reports | | | |
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| FORM 10-K | | | |
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Ameren Illinois Company
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2024 Information Statement
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Ameren Illinois Company
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2024 Information Statement
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Ameren Illinois Company
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2024 Information Statement
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Leonard P. Singh
Chairman and President of the Company
Director since: 2022
Age: 54
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Ameren Illinois Company
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Michael L. Moehn
Senior Executive Vice President and Chief Financial Officer of the Company, Ameren, and Ameren Missouri, and
Chairman and President of Ameren Services
Director since: 2019
Age: 54
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2024 Information Statement
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9
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Chonda J. Nwamu
Executive Vice President, General Counsel, and Secretary of the Company, Ameren, Ameren Missouri and Ameren Services
Director since: 2019
Age: 52
OUTSIDE DIRECTORSHIPS: BellRing Brands, Inc. (2021–Present)
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10
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Ameren Illinois Company
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Theresa A. Shaw
Senior Vice President, Finance and Chief Accounting Officer of the Company, Ameren, Ameren Missouri and Ameren Services
Director since: 2023
Age: 51
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Patrick E. Smith
Senior Vice President, Operations and Technical Services of the Company
Director since: 2021
Age: 59
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YOUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR THE ELECTION OF THESE DIRECTOR NOMINEES.
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2024 Information Statement
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12
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Ameren Illinois Company
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2024 Information Statement
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14
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Ameren Illinois Company
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Meetings in 2023: 11
Chair
J. Edward Coleman
Other Members
Noelle K. Eder Rafael Flores Richard J. Harshman Leo S. Mackay, Jr.
Each of J. Edward Coleman and Richard J. Harshman has been determined by the Board to qualify as an “audit committee financial expert” as that term is defined by the SEC. The Board has also determined that each committee member is “financially literate” within the meaning of the NYSE listing standards.
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Appoints and oversees the independent registered public accountants; pre-approves all audit, audit-related services and non-audit engagements with independent registered public accountants.
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Ensures that the lead and concurring audit partners of the independent accountants are rotated at least every five years, as required by the Sarbanes-Oxley Act of 2002; periodically considers a potential rotation of the independent accountant firm.
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Evaluates the qualifications, performance and independence of the independent accountant, including a review and evaluation of the lead partner of the independent accountant, taking into account the opinions of management and the internal auditors, and presents its conclusions to Ameren’s board of directors on an annual basis.
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Approves the annual internal audit plan, annual staffing plan and financial budget of the internal auditors; reviews with management the design and effectiveness of internal controls over financial reporting.
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Reviews with management and the independent registered public accountants the scope and results of audits and financial statements, disclosures and earnings press releases.
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Reviews with management and the independent registered public accountants the Company’s critical accounting policies, current accounting trends and developments that may affect the financial statements, significant changes in the selection or application of accounting principles, the effect of regulatory and accounting initiatives on the Company’s consolidated financial statements, and critical audit matters addressed during the audit.
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Reviews the appointment, replacement, reassignment or dismissal of the leader of internal audit or approves the retention of, and engagement terms for, any third-party provider of internal audit services; reviews the internal audit function.
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Reviews with management the enterprise risk management processes, which include the identification, assessment, mitigation and monitoring of risks, including strategic, operational and cybersecurity risks, on an enterprise-wide basis.
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Coordinates its oversight of enterprise risk management with other Board committees having primary oversight responsibilities for specific risks.
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Oversees an annual audit of political contributions; performs other actions as required by the Sarbanes-Oxley Act of 2002, the NYSE listing standards and its Charter.
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Reviews investigatory, legal and regulatory matters that may have a material effect on financial statements.
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Establishes a system by which employees may communicate directly with members of the Committee about accounting, internal controls and financial reporting deficiency.
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Oversees the enterprise ethics and compliance program, including the Code of Ethics applicable to all of the Company’s directors, officers and employees, and the Supplemental Code of Ethics for Principal Executive and Senior Financial Officers (see “— Board Practices, Policies and Processes — Corporate Governance Guidelines and Policies, Committee Charters and Codes of Conduct” below); the identification and adherence to compliance obligations; and governance processes and policies.
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Performs other actions as required by the NYSE listing standards and its Charter, including the retention of independent legal counsel and other advisors.
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2024 Information Statement
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15
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Meetings in 2023: 4
(committee formed effective May 1, 2023)
Chair
Noelle K. Eder
Other Members
Catherine S. Brune J. Edward Coleman Ward H. Dickson |
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Reviews Ameren’s and its subsidiaries’ strategy and operations relating to cybersecurity and digital technology matters, including significant cybersecurity and digital technology-related projects and initiatives and related progress, the integration and alignment of such strategy with Ameren’s overall business and strategy, and trends that may affect such strategy or operations.
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Reviews the capabilities and effectiveness of Ameren’s and its subsidiaries’ cybersecurity and digital technology risk management, including the programs, policies, practices, controls and safeguards for digital technology, information security, prevention and detection of cybersecurity incidents or information or data breaches, and crisis preparedness, incident response plans, and disaster recovery and business continuity capabilities.
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Reviews Ameren’s and its subsidiaries’ third-party cybersecurity and digital technology strategy, including information on critical risks and metrics relating thereto.
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Reviews key legislative and regulatory developments that could materially impact Ameren’s or its subsidiaries’ cybersecurity and digital technology strategy, operations or risk exposure; engagement with government agencies, industry peers, and other critical infrastructure sectors on cybersecurity and related resiliency; industry trends, benchmarking and best practices relating to cybersecurity and digital technology; and any relevant cybersecurity and digital technology metrics.
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Performs other actions as required by its Charter, including the retention of legal, accounting or other advisors.
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Meetings in 2023: 5
Chair
Ward H. Dickson
Other Members
Catherine S. Brune J. Edward Coleman Ellen M. Fitzsimmons Craig S. Ivey |
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Oversees overall financial policies and objectives of Ameren and its subsidiaries, including capital project review and approval of financing plans and transactions, investment policies and rating agency objectives.
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Reviews and makes recommendations regarding Ameren’s dividend policy.
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Reviews and recommends to Ameren’s board of directors the capital budget of Ameren and its subsidiaries; reviews, approves and monitors all capital projects with estimated capital expenditures of between $25 million and $50 million; recommends to the Board and monitors all capital projects with estimated capital costs in excess of $50 million.
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Reviews and recommends to Ameren’s board of directors Ameren’s and its subsidiaries’ debt and equity financing plans.
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Oversees Ameren’s and its subsidiaries’ commodity risk assessment process, system of controls and compliance with established risk management policies and procedures.
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Performs other actions as required by its Charter, including the retention of legal, accounting or other advisors.
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16
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Ameren Illinois Company
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Meetings in 2023: 5
Chair
Cynthia J. Brinkley
Other Members
Richard J. Harshman James C. Johnson Steven H. Lipstein |
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Reviews and approves objectives relevant to the compensation of the Chief Executive Officer of Ameren and Presidents of its subsidiaries as well as other executive officers.
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Administers and approves awards under the incentive compensation plan.
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Administers and approves executive employment agreements, severance agreements and change of control agreements, if any.
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Administers Ameren’s clawback policy and oversees clawback authority in annual and long-term incentives.
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Reviews with management, and prepares an annual report regarding, the Compensation Discussion and Analysis section of the Company’s information statement.
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Recommends to the Board amendments to those pension plans sponsored by Ameren or any of its subsidiaries, except as otherwise delegated.
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Reviews with management Ameren’s and its subsidiaries’ human capital management practices, including diversity, equity and inclusion initiatives.
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Performs other actions as required by the NYSE listing standards and its Charter, including the retention of outside compensation consultants and other outside advisors.
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Reviews the Company’s compensation policies and practices to determine whether they encourage excessive risk taking.
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Assists the Board of Directors in overseeing the development of executive succession plans.
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Meetings in 2023: 6
Chair
Catherine S. Brune
Other Members
Cynthia J. Brinkley Kimberly J. Harris James C. Johnson Steven H. Lipstein |
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Adopts policies and procedures for identifying and evaluating director nominees; identifies and evaluates individuals qualified to become Board members and director candidates, including individuals recommended by shareholders.
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Oversees the annual self-assessments of the Ameren board of directors and its committees.
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Reviews the Ameren board of directors’ policy for director compensation and benefits.
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Establishes a process by which shareholders and other interested persons will be able to communicate with members of the Ameren board of directors.
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Develops and recommends to the Board corporate governance guidelines; oversees the Company’s Related Person Transactions Policy (see “— Board Practices, Policies and Processes — Related Person Transactions Policy” below).
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Assures that the Company addresses relevant public affairs issues from a perspective that emphasizes the interests of its key constituents (including, as appropriate, shareholders, employees, communities and customers); reviews and recommends to the Ameren board of directors shareholder proposals for inclusion in proxy materials.
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Reviews semi-annually with management the performance for the immediately preceding six months regarding constituent relationships (including, as appropriate, relationships with shareholders, employees, communities and customers).
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Performs other actions as required by the NYSE listing standards and its Charter, including the retention of independent legal counsel and other advisors.
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2024 Information Statement
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17
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Meetings in 2023: 5
Chair
Rafael Flores
Other Members
Ward S. Dickson Ellen M. Fitzsimmons Kimberly J. Harris Craig S. Ivey Leo S. Mackay, Jr. |
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Oversees and reviews Ameren’s and its subsidiaries’ nuclear and other electric generation and electric and gas transmission and distribution operations, including safety (including emergency preparedness and response), environmental matters, plant physical and cyber security, performance and compliance issues and risk management policies and practices related to such operations.
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Reviews the impact of any significant changes in, and oversees compliance with, laws, regulations and standards specifically related to Ameren’s and its subsidiaries’ facilities and operations.
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Reviews significant inquires from and the results of major inspections and evaluations by regulatory agencies and oversight groups and management’s response thereto.
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Reviews Ameren’s and its subsidiaries’ policies, practices, programs and performance related to environmental sustainability, as well as significant communications and reporting to stakeholders regarding environmental sustainability matters.
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Reviews and reports to Ameren’s board of directors on the effectiveness of management in operating and managing, and the principal risks (including regulatory, reputational, business continuity, and environmental sustainability risks, including those related to climate change and water resource management) related to Ameren’s and its subsidiaries’ operating facilities, including Ameren Missouri’s nuclear energy center.
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Reviews and provides input to the Human Resources Committee on appropriate safety, environmental sustainability and operational goals to be included in Ameren’s and its subsidiaries’ executive compensation programs and plans.
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Performs other actions as required by its Charter, including the retention of legal, accounting or other advisors.
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Ameren Illinois Company
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2024 Information Statement
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Ameren Illinois Company
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2024 Information Statement
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Named Executive Officer
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Title
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Leonard P. Singh
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Chairman and President, Ameren Illinois
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Michael L. Moehn
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Senior Executive Vice President and Chief Financial Officer, Ameren
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Martin J. Lyons, Jr.
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Chairman, President and Chief Executive Officer, Ameren
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Chonda J. Nwamu
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Executive Vice President, General Counsel and Secretary, Ameren
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Warner L. Baxter
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Former Executive Chairman, Ameren
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Bhavani Amirthalingam* | | |
Executive Vice President and Chief Customer and Technology Officer, Ameren Services
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22
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Ameren Illinois Company
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2024 Information Statement
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23
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What we do:
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What we don’t do:
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Target pay opportunities based on a reasonable range around the size-adjusted median of those provided by similar utility companies, with actual payouts dependent on our corporate short- and long-term performance and the individual’s performance.
Maintain a short-term incentive program that is entirely performance-based with the primary focus on our EPS and additional focus on safety, operational, customer and DE&I metrics and individual performance.
Design our long-term incentive program with the primary focus on our TSR versus that of a utility peer group and with additional focus on our clean energy transition.
Maintain a clawback policy for the recoupment of excess incentive compensation paid to executive officers in the event of an accounting restatement resulting from material noncompliance with financial reporting requirements under U.S. federal securities laws.
Include in our short-term and long-term incentive awards additional “clawback” provisions that are triggered if the Company makes certain financial restatements, or if the award holder engages in conduct or activity that is detrimental to the Company or violates the confidentiality or customer or employee non-solicitation provisions.
Maintain stock ownership requirements for our Senior Leadership Team and non-management directors.
Provide only limited perquisites, such as financial and tax planning reimbursement.
Change of control severance pay and accelerated vesting of PSUs and RSUs require both (i) a change of control and (ii) a qualifying termination of employment.
Engage an independent compensation consultant who reports directly to the Committee.
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No employment agreements.
No employee, officer or director is permitted to hedge Ameren securities.
No executive officer or director is permitted to pledge Ameren securities.
No tax “gross-up” payments on perquisites (other than executive relocation expenses).
No dividends or dividend equivalents paid on unearned incentive awards.
No repricing or backdating of equity-based compensation awards.
No excise tax “gross-up” payments except for officers who became participants in the Change of Control Severance Plan prior to October 1, 2009.
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Ameren Illinois Company
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Type
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Form
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Terms
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Fixed Pay
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Set annually by the Human Resources Committee based upon market data, executive performance and other factors.
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Short-term incentives
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Based upon Ameren’s EPS, safety performance, operational, customer and diversity measures with an individual performance modifier.
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Long-term incentives
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Performance Share Units (“PSUs”)
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60% of the value of the annual long-term incentive award is granted in the form of PSUs with a performance criteria of TSR compared to utility industry peers over a three-year performance period.
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10% of the value of the annual long-term incentive award is granted in the form of PSUs with a performance criteria that measures renewable generation and energy storage additions, as well as coal-fired energy center retirements, over a three-year performance period, in MW (the “Clean Energy Transition” metric).
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| Restricted Stock Units (“RSUs”) | | |
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30% of the value of the annual long-term incentive award is granted in the form of time-based RSUs. RSUs have a vesting period of approximately three years.
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Other
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Retirement Benefits
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Employee benefit plans available to all employees, including 401(k) savings and pension plans.
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Supplemental retirement benefits that provide certain benefits not available due to tax limitations.
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Deferred compensation program that provides the opportunity to defer part of base salary and short-term incentives, with earnings on the deferrals based on market rates.
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| “Double-Trigger” Change of Control Protections | | |
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Change of control severance pay and accelerated vesting of PSUs and RSUs require both (i) a change of control and (ii) a qualifying termination of employment.
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| Limited Perquisites | | |
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Limited perquisites to the NEOs, such as financial and tax planning reimbursement.
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2024 Information Statement
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Ameren Illinois Company
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2024 Information Statement
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Name
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Short-Term Incentive Targets*
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Long-Term Incentive Targets*
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Singh
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| | | | 80% | | | | | | 185% | | |
Moehn
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| | | | 85% | | | | | | 315% | | |
Lyons
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| | | | 120% | | | | | | 425% | | |
Nwamu
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| | | | 70% | | | | | | 165% | | |
Baxter
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| | | | 100% | | | | | | —% | | |
Amirthalingam
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| | | | 70% | | | | | | 165% | | |
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Ameren Illinois Company
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2024 Information Statement
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Ameren Illinois Company
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2024 Information Statement
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Ameren Illinois Company
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Name
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Final Payout as
Percent of Target |
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Singh
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120.9%
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Moehn
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126.6%
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Lyons
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121.5%
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Nwamu
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120.9%
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Baxter | | | |
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119.7%
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Amirthalingam | | | |
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126.6%
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2024 Information Statement
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Relative TSR Performance
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Payout
(% of PSUs Granted) |
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90th percentile +
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200%
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If TSR is negative over the three-year period, the plan is capped at 150% of the target PSUs granted regardless of performance vs. the TSR Peer Group.
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70th percentile
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150%
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50th percentile
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100%
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25th percentile
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50%
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Below 25th percentile
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0%
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Ameren Illinois Company
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Performance Level
(Total MWs) |
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Payout
(% of PSUs Granted) |
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Maximum
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200%
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Target
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100%
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Threshold
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50%
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Below Threshold
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0%
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Name
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Grant Date
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Target 2021
PSU (TSR) Awards (#) |
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Target Value
at Stock Price on Date of Grant(1) ($) |
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2021 PSU (TSR)
Awards Earned(2) (#) |
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Value at
Year-End Stock Price(3) ($) |
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Earned Value
as Percent of Original Target Value(3) (%) |
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Singh(4)
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| | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
Moehn
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| | | | 1/1/2021 | | | | | | 16,519 | | | | | | 1,289,473 | | | | | | 14,010 | | | | | | 1,013,483 | | | | | | 79 | | |
Lyons
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| | | | 1/1/2021 | | | | | | 17,443 | | | | | | 1,361,601 | | | | | | 14,794 | | | | | | 1,070,198 | | | | | | 79 | | |
Nwamu
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| | | | 1/1/2021 | | | | | | 6,777 | | | | | | 529,013 | | | | | | 5,748 | | | | | | 415,810 | | | | | | 79 | | |
Baxter
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| | | | 1/1/2021 | | | | | | 40,045 | | | | | | 3,125,913 | | | | | | 32,072 | | | | | | 2,320,088 | | | | | | 74 | | |
Amirthalingam
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| | | | 1/1/2021 | | | | | | 3,388 | | | | | | 264,467 | | | | | | 2,873 | | | | | | 207,833 | | | | | | 79 | | |
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2024 Information Statement
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Name
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Grant Date
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Target 2021 PSU
(Clean Energy) Awards (#) |
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Target Value at Stock
Price on Date of Grant(1) ($) |
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2021 PSU (Clean Energy)
Awards Earned(2) (#) |
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Value at Year-End
Stock Price(3) ($) |
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Earned Value as
Percent of Original Target Value(3) (%) |
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Singh(4)
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| | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
Moehn
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| | | | 1/1/2021 | | | | | | 2,753 | | | | | | 214,899 | | | | | | 1,664 | | | | | | 120,374 | | | | | | 56 | | |
Lyons
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| | | | 1/1/2021 | | | | | | 2,907 | | | | | | 226,920 | | | | | | 1,757 | | | | | | 127,101 | | | | | | 56 | | |
Nwamu
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| | | | 1/1/2021 | | | | | | 1,130 | | | | | | 88,208 | | | | | | 683 | | | | | | 49,408 | | | | | | 56 | | |
Baxter
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| | | | 1/1/2021 | | | | | | 6,674 | | | | | | 520,972 | | | | | | 3,810 | | | | | | 275,615 | | | | | | 53 | | |
Amirthalingam
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| | | | 1/1/2021 | | | | | | 565 | | | | | | 44,104 | | | | | | 342 | | | | | | 24,740 | | | | | | 56 | | |
Percentile Performance of Relative TSR
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Payout Opportunity
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≤25th percentile | | | | | 75% | | |
50th percentile | | | | | 100% | | |
≥75th percentile | | | | | 125% | | |
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|
|
Name and Principal Position(1) (a) |
| |
Year
(b) |
| |
Salary(2)
($) (c) |
| |
Bonus(2)
($) (d) |
| |
Stock
Awards(3) ($) (e) |
| |
Non-Equity
Incentive Plan Compensation(2)(4) ($) (f) |
| |
Change in
Pension Value and Nonqualified Def. Comp. Earnings(5) ($) (g) |
| |
All Other
Compensation(6) ($) (h) |
| |
Total
($) (i) |
| ||||||||||||||||||||||||
Leonard P. Singh
Chairman and President, Ameren Illinois |
| | | | 2023 | | | | | | 585,000 | | | | | | 250,000 | | | | | | 1,086,882 | | | | | | 565,700 | | | | | | 110,328 | | | | | | 104,772 | | | | | | 2,702,682 | | |
| | | 2022 | | | | | | 280,000 | | | | | | 250,000 | | | | | | 1,102,743 | | | | | | 312,800 | | | | | | 27,249 | | | | | | 136,979 | | | | | | 2,109,771 | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Michael L. Moehn
Senior Executive Vice President and Chief Financial Officer, Ameren |
| | | | 2023 | | | | | | 825,000 | | | | | | — | | | | | | 7,788,803 | | | | | | 887,900 | | | | | | 508,537 | | | | | | 114,614 | | | | | | 10,124,854 | | |
| | | 2022 | | | | | | 785,000 | | | | | | — | | | | | | 2,438,476 | | | | | | 972,000 | | | | | | 7,980 | | | | | | 99,710 | | | | | | 4,303,166 | | | ||
| | | 2021 | | | | | | 715,000 | | | | | | — | | | | | | 2,298,567 | | | | | | 764,500 | | | | | | 203,220 | | | | | | 80,594 | | | | | | 4,061,881 | | | ||
Martin J. Lyons, Jr.
Chairman, President and Chief Executive Officer, Ameren |
| | | | 2023 | | | | | | 1,200,000 | | | | | | — | | | | | | 5,121,903 | | | | | | 1,750,000 | | | | | | 763,434 | | | | | | 174,094 | | | | | | 9,009,431 | | |
| | | 2022 | | | | | | 1,100,000 | | | | | | — | | | | | | 4,271,210 | | | | | | 1,872,800 | | | | | | — | | | | | | 113,321 | | | | | | 7,357,331 | | | ||
| | | 2021 | | | | | | 755,000 | | | | | | — | | | | | | 2,427,141 | | | | | | 807,300 | | | | | | 231,240 | | | | | | 85,032 | | | | | | 4,305,713 | | | ||
Chonda J. Nwamu
Executive Vice President, General Counsel and Secretary, Ameren |
| | | | 2023 | | | | | | 628,000 | | | | | | — | | | | | | 1,040,671 | | | | | | 531,300 | | | | | | 238,541 | | | | | | 39,098 | | | | | | 2,477,610 | | |
| | | 2022 | | | | | | 600,000 | | | | | | — | | | | | | 1,625,150 | | | | | | 620,500 | | | | | | — | | | | | | 32,525 | | | | | | 2,878,175 | | | ||
| | | 2021 | | | | | | 550,000 | | | | | | — | | | | | | 943,020 | | | | | | 509,700 | | | | | | 159,174 | | | | | | 34,384 | | | | | | 2,196,278 | | | ||
Warner L. Baxter
Former Executive Chairman, Ameren |
| | | | 2023 | | | | | | 1,029,171 | | | | | | — | | | | | | — | | | | | | 1,000,000 | | | | | | 856,874 | | | | | | 145,190 | | | | | | 3,031,235 | | |
| | | 2022 | | | | | | 1,000,000 | | | | | | — | | | | | | 3,106,371 | | | | | | 1,547,700 | | | | | | 31,186 | | | | | | 179,678 | | | | | | 5,864,935 | | | ||
| | | 2021 | | | | | | 1,300,000 | | | | | | — | | | | | | 5,572,210 | | | | | | 2,224,000 | | | | | | 553,142 | | | | | | 158,484 | | | | | | 9,807,836 | | | ||
Bhavani Amirthalingam
Executive Vice President and Chief Customer & Technology Officer, Ameren Services |
| | | | 2023 | | | | | | 538,500 | | | | | | — | | | | | | 852,200 | | | | | | 472,700 | | | | | | 181,015 | | | | | | 62,552 | | | | | | 2,106,967 | | |
| | | 2022 | | | | | | 460,000 | | | | | | — | | | | | | 983,900 | | | | | | 462,800 | | | | | | — | | | | | | 50,285 | | | | | | 1,956,985 | | | ||
| | | 2021 | | | | | | 440,000 | | | | | | — | | | | | | 471,466 | | | | | | 376,400 | | | | | | 121,134 | | | | | | 45,034 | | | | | | 1,454,034 | | |
|
42
|
| |
Ameren Illinois Company
|
|
Name
|
| |
Year
|
| |
Pension Plan
Increase ($) |
| |
Deferred Compensation
Plan Above-Market Interest ($) |
| |||||||||
Singh
|
| | | | 2023 | | | | | | 110,328 | | | | | | — | | |
| | | 2022 | | | | | | 27,249 | | | | | | — | | | ||
Moehn
|
| | | | 2023 | | | | | | 505,277 | | | | | | 3,260 | | |
| | | 2022 | | | | | | (751,962) | | | | | | 7,980 | | | ||
| | | 2021 | | | | | | 193,311 | | | | | | 9,909 | | | ||
Lyons
|
| | | | 2023 | | | | | | 763,434 | | | | | | — | | |
| | | 2022 | | | | | | (810,311) | | | | | | — | | | ||
| | | 2021 | | | | | | 231,240 | | | | | | — | | | ||
Nwamu
|
| | | | 2023 | | | | | | 238,541 | | | | | | — | | |
| | | 2022 | | | | | | (119,091) | | | | | | — | | | ||
| | | 2021 | | | | | | 159,174 | | | | | | — | | | ||
Baxter
|
| | | | 2023 | | | | | | 844,133 | | | | | | 12,741 | | |
| | | 2022 | | | | | | (997,492) | | | | | | 31,186 | | | ||
| | | 2021 | | | | | | 514,419 | | | | | | 38,723 | | | ||
Amirthalingam
|
| | | | 2023 | | | | | | 181,015 | | | | | | — | | |
| | | 2022 | | | | | | (139,863) | | | | | | — | | | ||
| | | 2021 | | | | | | 121,134 | | | | | | — | | |
|
2024 Information Statement
|
| |
43
|
|
| | | | | | | | | | | | | | |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards(2) |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards(3) |
| |
All Other
Stock Awards: Number of Shares of Stock or Units(4) (#) (i) |
| |
Grant Date
Fair Value of Stock and Option Awards(5) ($) (j) |
| ||||||||||||||||||||||||||||||||||||
Name (a) |
| |
Grant
Date(1) (b) |
| |
Committee
Approval Date(1) |
| |
Threshold
($) (c) |
| |
Target
($) (d) |
| |
Maximum
($) (e) |
| |
Threshold
(#) (f) |
| |
Target
(#) (g) |
| |
Maximum
(#) (h) |
| ||||||||||||||||||||||||||||||||||||
Singh
|
| | | | — | | | | | | — | | | | | | 234,000 | | | | | | 468,000 | | | | | | 936,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/9/23 | | | | | | 2/9/23 | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,297 | | | | | | 8,594 | | | | | | 17,188 | | | | | | 3,683 | | | | | | 1,086,882 | | | ||
Moehn
|
| | | | — | | | | | | — | | | | | | 350,625 | | | | | | 701,250 | | | | | | 1,402,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/9/23 | | | | | | 2/9/23 | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,319 | | | | | | 20,637 | | | | | | 41,274 | | | | | | 8,844 | | | | | | 2,609,955 | | | ||
| | | 11/1/23 | | | | | | 10/12/23 | | | | | | — | | | | | | — | | | | | | — | | | | | | 49,123 | | | | | | 65,497 | | | | | | 81,871 | | | | | | | | | | | | 5,178,849 | | | ||
Lyons
|
| | | | — | | | | | | — | | | | | | 720,000 | | | | | | 1,440,000 | | | | | | 2,880,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | 2/9/23 | | | | | | 2/9/23 | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,250 | | | | | | 40,499 | | | | | | 80,998 | | | | | | 17,356 | | | | | | 5,121,903 | | | ||
Nwamu
|
| | | | — | | | | | | — | | | | | | 219,800 | | | | | | 439,600 | | | | | | 879,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/9/23 | | | | | | 2/9/23 | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,115 | | | | | | 8,229 | | | | | | 16,458 | | | | | | 3,526 | | | | | | 1,040,671 | | | ||
Baxter
|
| | | | — | | | | | | — | | | | | | 500,000 | | | | | | 1,000,000 | | | | | | 2,000,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Amirthalingam
|
| | | | — | | | | | | — | | | | | | 186,653 | | | | | | 373,305 | | | | | | 746,610 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | 2/9/23 | | | | | | 2/9/23 | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,360 | | | | | | 6,719 | | | | | | 13,438 | | | | | | 2,880 | | | | | | 852,200 | | |
|
44
|
| |
Ameren Illinois Company
|
|
| | |
Stock Awards
|
| |||||||||||||||||||||
Name (a) |
| |
Number of
Shares or Units of Stock That Have Not Vested(1) (#) (g) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested(2) ($) (h) |
| |
Equity Incentive
Plan Awards: Number of Unearned Shares, Units, or Other Rights That Have Not Vested(3) (#) (i) |
| |
Equity Incentive
Plan Awards: Market or Payout Value of Unearned Shares, Units, or Other Rights That Have Not Vested(4) ($) (j) |
| ||||||||||||
Singh
|
| | | | 12,457 | | | | | | 901,139 | | | | | | 9,196 | | | | | | 665,240 | | |
Moehn
|
| | | | 42,315 | | | | | | 3,061,067 | | | | | | 95,462 | | | | | | 6,905,722 | | |
Lyons
|
| | | | 58,893 | | | | | | 4,260,320 | | | | | | 54,764 | | | | | | 3,961,628 | | |
Nwamu
|
| | | | 24,097 | | | | | | 1,743,177 | | | | | | 12,046 | | | | | | 871,408 | | |
Baxter(5)
|
| | | | 63,089 | | | | | | 4,563,858 | | | | | | 11,081 | | | | | | 801,600 | | |
Amirthalingam
|
| | | | 15,327 | | | | | | 1,108,755 | | | | | | 7,993 | | | | | | 578,214 | | |
|
2024 Information Statement
|
| |
45
|
|
| | |
Stock Awards
|
| |||||||||
Name (a) |
| |
Number of Shares
Acquired on Vesting(1) (#) (d) |
| |
Value Realized
on Vesting(2) ($) (e) |
| ||||||
Singh
|
| | | | — | | | | | | — | | |
Moehn
|
| | | | 67,747 | | | | | | 5,449,025 | | |
Lyons
|
| | | | 71,616 | | | | | | 5,760,220 | | |
Nwamu
|
| | | | 18,062 | | | | | | 1,493,908 | | |
Baxter
|
| | | | 119,256 | | | | | | 9,863,664 | | |
Amirthalingam
|
| | | | 9,863 | | | | | | 815,769 | | |
Name (a) |
| | Plan Name (b) |
| |
Number of
Years Credited Service(1) (#) (c) |
| |
Present Value of
Accumulated Benefit(2)(3) ($) (d) |
| |
Payments During
Last Fiscal Year(4) ($) (e) |
| |||||||||
Singh
|
| |
1) Retirement Plan
|
| | | | 1 | | | | | | 67,401 | | | | | | — | | |
| 2) SRP | | | | | 1 | | | | | | 70,176 | | | | | | — | | | ||
Moehn
|
| |
1) Retirement Plan
|
| | | | 23 | | | | | | 827,667 | | | | | | — | | |
| 2) SRP | | | | | 23 | | | | | | 1,585,211 | | | | | | — | | | ||
Lyons
|
| |
1) Retirement Plan
|
| | | | 22 | | | | | | 873,522 | | | | | | — | | |
| 2) SRP | | | | | 22 | | | | | | 2,599,145 | | | | | | — | | | ||
Nwamu
|
| |
1) Retirement Plan
|
| | | | 7 | | | | | | 253,173 | | | | | | — | | |
| 2) SRP | | | | | 7 | | | | | | 493,050 | | | | | | — | | | ||
Baxter
|
| |
1) Retirement Plan
|
| | | | 28 | | | | | | 987,873 | | | | | | — | | |
| 2) SRP | | | | | 28 | | | | | | 5,227,594 | | | | | | — | | | ||
Amirthalingam
|
| |
1) Retirement Plan
|
| | | | 5 | | | | | | 190,158 | | | | | | — | | |
| 2) SRP | | | | | 5 | | | | | | 331,722 | | | | | | — | | |
|
46
|
| |
Ameren Illinois Company
|
|
Name
|
| |
Plan Name
|
| |
Cash Balance Account
Lump Sum Value ($) |
| |||
Singh
|
| |
1) Retirement Plan
|
| | | | 54,092 | | |
| 2) SRP | | | | | 56,780 | | | ||
Moehn
|
| |
1) Retirement Plan
|
| | | | 675,469 | | |
| 2) SRP | | | | | 1,304,199 | | | ||
Lyons
|
| |
1) Retirement Plan
|
| | | | 710,710 | | |
| 2) SRP | | | | | 2,128,866 | | | ||
Nwamu
|
| |
1) Retirement Plan
|
| | | | 198,858 | | |
| 2) SRP | | | | | 390,865 | | | ||
Baxter
|
| |
1) Retirement Plan
|
| | | | 839,716 | | |
| 2) SRP | | | | | 4,464,156 | | | ||
Amirthalingam
|
| |
1) Retirement Plan
|
| | | | 147,491 | | |
| 2) SRP | | | | | 260,303 | | |
Participant’s Age on December 31 |
| |
Regular Credit for
Pensionable Earnings* |
| |||
Less than 30 | | | | | 3% | | |
30 to 39 | | | | | 4% | | |
40 to 44 | | | | | 5% | | |
45 to 49 | | | | | 6% | | |
50 to 54 | | | | | 7% | | |
55 and over | | | | | 8% | | |
|
2024 Information Statement
|
| |
47
|
|
Name (a) |
| |
Executive
Contributions in 2023(1) ($) (b) |
| |
Company
Contributions in 2023(2) ($) (c) |
| |
Aggregate
Earnings in 2023(3) ($) (d) |
| |
Aggregate
Withdrawals/ Distributions ($) (e) |
| |
Aggregate
Balance at 12/31/23(4) ($) (f) |
| |||||||||||||||
Singh
|
| | | | 29,250 | | | | | | 21,938 | | | | | | 5,530 | | | | | | — | | | | | | 83,454 | | |
Moehn
|
| | | | 150,060 | | | | | | 66,015 | | | | | | 354,603 | | | | | | — | | | | | | 2,902,749 | | |
Lyons
|
| | | | 164,568 | | | | | | 123,426 | | | | | | 273,087 | | | | | | — | | | | | | 2,260,458 | | |
Nwamu
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Baxter
|
| | | | 134,813 | | | | | | 101,109 | | | | | | 454,110 | | | | | | — | | | | | | 6,254,892 | | |
Amirthalingam
|
| | | | 40,278 | | | | | | 30,209 | | | | | | 67,053 | | | | | | — | | | | | | 693,068 | | |
|
48
|
| |
Ameren Illinois Company
|
|
Name
|
| |
Executive
Contributions ($) |
| |
Company
Matching Contributions ($) |
| |
Interest
Earnings ($) |
| |
Total
($) |
| |
Amount Previously
Reported as Compensation in Prior Years(1) ($) |
| |||||||||||||||
Singh
|
| | | | 54,913 | | | | | | 22,895 | | | | | | 5,646 | | | | | | 83,454 | | | | | | 26,620 | | |
Moehn
|
| | | | 1,261,263 | | | | | | 448,379 | | | | | | 1,193,107 | | | | | | 2,902,749 | | | | | | 1,253,886 | | |
Lyons
|
| | | | 906,059 | | | | | | 679,545 | | | | | | 674,854 | | | | | | 2,260,458 | | | | | | 1,297,610 | | |
Nwamu
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Baxter
|
| | | | 2,300,653 | | | | | | 1,193,178 | | | | | | 2,761,061 | | | | | | 6,254,892 | | | | | | 3,667,599 | | |
Amirthalingam
|
| | | | 484,459 | | | | | | 118,215 | | | | | | 90,394 | | | | | | 693,068 | | | | | | 422,986 | | |
Calculation for Plan Year
|
| |
Deferral Date
|
| |
Rate
|
|
Plan Years beginning on
or prior to January 1, 2010 |
| |
Deferrals prior to
January 1, 2010 |
| | 150 percent of the average of the monthly Mergent’s Seasoned AAA Corporate Bond Yield Index rate (the “Officers Deferred Plan Index Rate”) for the calendar year immediately preceding such plan year — for 2023 such interest crediting rate was 5.90 percent | |
Plan Years beginning on or
after January 1, 2010 |
| |
Deferrals on and after
January 1, 2010 |
| | 120 percent of the AFR for the December immediately preceding such plan year (the “Officers Deferred Plan Interest Rate”) — for 2023 such interest crediting rate was 5.22 percent | |
|
2024 Information Statement
|
| |
49
|
|
Name of Fund
|
| |
Percentage Rate of
Return (%) |
| |||
Target 2025 Fund | | | | | 12.01 | | |
Target 2030 Fund | | | | | 14.26 | | |
Target 2035 Fund | | | | | 16.32 | | |
Target 2040 Fund | | | | | 18.31 | | |
Target 2045 Fund | | | | | 20.13 | | |
Target 2050 Fund | | | | | 21.27 | | |
Target 2055 Fund | | | | | 21.56 | | |
Target 2060 Fund | | | | | 21.61 | | |
Target 2065 Fund | | | | | 21.64 | | |
Target Retirement Fund | | | | | 11.09 | | |
Large Cap Equity Index | | | | | 26.28 | | |
Large Cap Equity | | | | | 34.03 | | |
Small/Mid Cap Equity Index | | | | | 17.62 | | |
Small/Mid Cap Equity | | | | | 16.16 | | |
International Equity Index | | | | | 15.47 | | |
International Equity | | | | | 16.04 | | |
Bond Fund | | | | | 7.93 | | |
Bond Index Fund | | | | | 5.66 | | |
TIPS Bond Index Fund | | | | | 3.97 | | |
Stable Interest Income | | | | | 2.64 | | |
Calculation for Plan Year
|
| |
Deferral Date
|
| |
Rate
|
|
Plan Years beginning on or
prior to January 1, 2010 |
| |
Deferrals prior to
January 1, 2010 |
| | Average monthly Mergent’s Seasoned AAA Corporate Bond Yield Index rate (the “Officers Deferred Plan Base Index Rate”) for the calendar year immediately preceding such plan year — for 2023 such interest crediting rate was 3.93 percent | |
Plan Years beginning on or
after January 1, 2010 |
| |
Deferrals on and after
January 1, 2010 |
| | Officers Deferred Plan Interest Rate — for 2023 such interest crediting rate was 5.22 percent | |
|
50
|
| |
Ameren Illinois Company
|
|
|
2024 Information Statement
|
| |
51
|
|
Component of Pay
|
| |
Death
($) |
| |
Disability
($) |
| |
Retirement
at Age at 12/31/23(1) ($) |
| |
Involuntary
Termination not for Cause(3) ($) |
| |
Change of
Control(4) ($) |
| |||||||||||||||
Cash Severance | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 1,618,700 | | | | | | 3,627,000 | | |
PSU Vesting(5) | | | | | 407,057 | | | | | | 141,063 | | | | | | N/A | | | | | | N/A | | | | | | 931,234 | | |
RSU Vesting(5) | | | | | 425,937 | | | | | | 901,139 | | | | | | N/A | | | | | | N/A | | | | | | 901,139 | | |
Pension Credit | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 372,128 | | |
Health and Welfare Benefits(6) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 20,771 | | | | | | 86,165 | | |
Outplacement at Maximum | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 25,000 | | | | | | 30,000 | | |
Excise Tax Gross-up(5) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
Total | | | | | 832,994 | | | | | | 1,042,202 | | | | | | N/A | | | | | | 1,664,471 | | | | | | 5,947,666 | | |
Component of Pay
|
| |
Death
($) |
| |
Disability
($) |
| |
Retirement
at Age at 12/31/23(1) ($) |
| |
Involuntary
Termination not for Cause(3) ($) |
| |
Change of
Control(4) ($) |
| |||||||||||||||
Cash Severance | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 2,414,150 | | | | | | 5,280,000 | | |
PSU Vesting(5) | | | | | 3,255,735 | | | | | | 5,180,774 | | | | | | N/A | | | | | | N/A | | | | | | 9,273,193 | | |
RSU Vesting(5) | | | | | 1,281,320 | | | | | | 1,927,210 | | | | | | N/A | | | | | | N/A | | | | | | 1,927,210 | | |
Pension Credit | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 858,190 | | |
Health and Welfare Benefits(6) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 21,983 | | | | | | 110,339 | | |
Outplacement at Maximum | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 25,000 | | | | | | 30,000 | | |
Excise Tax Gross-up(5) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 6,479,548 | | |
Total | | | | | 4,537,055 | | | | | | 7,107,984 | | | | | | N/A | | | | | | 2,461,133 | | | | | | 23,958,480 | | |
Component of Pay
|
| |
Death
($) |
| |
Disability
($) |
| |
Retirement
at Age at 12/31/23(2) ($) |
| |
Involuntary
Termination not for Cause(3) ($) |
| |
Change of
Control(4) ($) |
| |||||||||||||||
Cash Severance | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 4,390,000 | | | | | | 9,360,000 | | |
PSU Vesting(5) | | | | | 4,290,775 | | | | | | 2,057,639 | | | | | | 1,626,565 | | | | | | 1,626,565 | | | | | | 7,146,974 | | |
RSU Vesting(5) | | | | | 1,838,883 | | | | | | 3,063,021 | | | | | | 1,838,883 | | | | | | 1,838,883 | | | | | | 3,063,021 | | |
Pension Credit | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 1,393,869 | | |
Health and Welfare Benefits(6) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 21,983 | | | | | | 115,366 | | |
Outplacement at Maximum | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 25,000 | | | | | | 30,000 | | |
Excise Tax Gross-up(5) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 7,803,298 | | |
Total | | | | | 6,129,658 | | | | | | 5,120,660 | | | | | | 3,465,448 | | | | | | 7,902,431 | | | | | | 28,912,528 | | |
|
52
|
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Ameren Illinois Company
|
|
Component of Pay
|
| |
Death
($) |
| |
Disability
($) |
| |
Retirement
at Age at 12/31/23(1) ($) |
| |
Involuntary
Termination not for Cause(3) ($) |
| |
Change of
Control(4) ($) |
| |||||||||||||||
Cash Severance | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 1,598,900 | | | | | | 3,642,400 | | |
PSU Vesting(5) | | | | | 1,230,575 | | | | | | 655,834 | | | | | | N/A | | | | | | N/A | | | | | | 1,841,921 | | |
RSU Vesting(5) | | | | | 794,293 | | | | | | 1,277,959 | | | | | | N/A | | | | | | N/A | | | | | | 1,277,959 | | |
Pension Credit | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 436,406 | | |
Health and Welfare Benefits(6) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 21,983 | | | | | | 83,876 | | |
Outplacement at Maximum | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 25,000 | | | | | | 30,000 | | |
Excise Tax Gross-up(5) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | |
Total | | | | | 2,024,868 | | | | | | 1,933,793 | | | | | | N/A | | | | | | 1,645,883 | | | | | | 7,312,562 | | |
Component of Pay
|
| |
Death
($) |
| |
Disability
($) |
| |
Retirement
at Age at 12/31/23(1) ($) |
| |
Involuntary
Termination not for Cause(3) ($) |
| |
Change of
Control(4) ($) |
| |||||||||||||||
Cash Severance | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 1,407,700 | | | | | | 2,255,000 | | |
PSU Vesting(5) | | | | | 684,049 | | | | | | 356,636 | | | | | | N/A | | | | | | N/A | | | | | | 1,120,546 | | |
RSU Vesting(5) | | | | | 556,149 | | | | | | 876,182 | | | | | | N/A | | | | | | N/A | | | | | | 876,182 | | |
Pension Credit | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 218,862 | | |
Health and Welfare Benefits(6) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 13,537 | | | | | | 35,073 | | |
Outplacement at Maximum | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 25,000 | | | | | | 30,000 | | |
Excise Tax Gross-up(5) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | — | | |
Total | | | | | 1,240,198 | | | | | | 1,232,818 | | | | | | N/A | | | | | | 1,446,237 | | | | | | 4,535,663 | | |
|
2024 Information Statement
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| |
53
|
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|
54
|
| |
Ameren Illinois Company
|
|
|
2024 Information Statement
|
| |
55
|
|
Change of Control Event |
| |
Termination Event
|
| |
Unvested LTIP Awards
|
|
Change of Control which occurs on or before the end of the applicable vesting period after which the Company continues in existence and remains a publicly traded company on the NYSE or NASDAQ
|
| |
No qualifying termination
|
| |
Payable upon the earliest to occur of the following:
•
after the applicable vesting period has ended; or
•
the participant’s death.
|
|
| Qualifying termination within two years after the Change of Control and during the applicable vesting period | | |
The PSUs or RSUs the participant would have earned if such participant remained employed for the entirety of the applicable vesting period, at actual performance in the case of the PSUs, will vest on the last day of the applicable vesting period and be paid in shares of Ameren’s common stock immediately following the applicable vesting period; provided that such distribution will be deferred until the date which is six months following the participant’s termination of employment to the extent required by IRC Section 409A.
|
| ||
Change of Control which occurs on or before the end of the applicable vesting period in which the Company ceases to exist or is no longer publicly traded on the NYSE or NASDAQ
|
| |
Automatic upon Change of Control
|
| |
The target number of PSU or RSU awards granted, together with dividends accrued thereon, will be converted to nonqualified deferred compensation. Interest on the nonqualified deferred compensation will accrue based on the prime rate, computed as provided in the award agreement.
|
|
| Continued employment until the end of the applicable vesting period | | |
Lump sum payout of the nonqualified deferred compensation plus interest immediately following the applicable vesting period.
|
| ||
| Retirement or termination due to disability prior to the Change of Control | | |
Immediate lump sum payment of the nonqualified deferred compensation plus interest upon the Change of Control.
|
| ||
| Continued employment until death or disability which occurs after the Change of Control and before the end of the applicable vesting period | | |
Immediate lump sum payout of the nonqualified deferred compensation plus interest upon such death or disability.
|
| ||
| Qualifying termination during the applicable vesting period | | |
Immediate lump sum payout of the nonqualified deferred compensation plus interest upon termination; provided that such distribution shall be deferred until the date which is six months following the participant’s termination of employment to the extent required by IRC Section 409A.
|
| ||
| Other termination of employment before the end of the applicable vesting period | | |
Forfeiture of the nonqualified deferred compensation plus interest.
|
|
|
56
|
| |
Ameren Illinois Company
|
|
Type of Termination
|
| | Additional Termination Details |
| |
Unvested LTIP Awards
|
|
Death | | | N/A | | | All awards pay out at target (plus accrual of dividends), pro rata for the number of days worked in each performance or award period and are paid as soon as possible after death. | |
Disability | | | N/A | | | All outstanding awards are earned at the same time and to the same extent that they are earned by other participants, and are paid immediately following the vesting period. | |
Retirement during award period* | | | Age 55+ | | | Only if the participant has at least five years of service, a prorated award is earned at the end of the performance or award period (based on actual performance, where applicable) and is paid immediately following the vesting period. | |
Termination for any reason other than death, disability, retirement or change of control as provided above | | | N/A | | | Forfeited | |
|
2024 Information Statement
|
| |
57
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of initial fixed $100 investment based on: | | | | | | | | | | | | | | |||||||||
Year (a) | | | SCT Total for PEO (Mark)(1) ($) (b) | | | CAP to
PEO (Mark)(4) ($) (c) | | | SCT Total for PEO (Singh)(2) ($) (c) | | | CAP to PEO (Singh)(4) ($) (e) | | | Average SCT Total for Non-PEO NEOs(3) ($) (f) | | | Average CAP to Non-PEO NEOs(5) ($) (g) | | | Cumulative
TSR(6) ($) (h) | | | Peer Group TSR(6) ($) (i) | | | Net Income(7) (in millions) ($) (j) | | | Company Selected Measure: AEE i Annual Earnings Per Share(8) (k) | | ||||||||||||||||||||||||||||||
2023 | | | | | — | | | | | | — | | | | | | i 2,702,682 | | | | | | i 1,881,829 | | | | | | i 5,350,019 | | | | | | i 1,285,156 | | | | | | N/A | | | | | | N/A | | | | | | i 607 | | | | | | i 4.38 | | |
2022 | | | | | i 1,884,831 | | | | | | i 463,937 | | | | | | i 2,108,814 | | | | | | i 2,138,912 | | | | | | i 5,100,902 | | | | | | i 6,083,692 | | | | | | N/A | | | | | | N/A | | | | | | i 513 | | | | | | i 4.14 | | |
2021 | | | | | i 2,499,003 | | | | | | i 3,093,519 | | | | | | N/A | | | | | | N/A | | | | | | i 4,380,007 | | | | | | i 5,958,439 | | | | | | N/A | | | | | | N/A | | | | | | i 425 | | | | | | i 3.84 | | |
2020 | | | | | i 2,456,931 | | | | | | i 3,340,299 | | | | | | N/A | | | | | | N/A | | | | | | i 4,903,026 | | | | | | i 6,634,970 | | | | | | N/A | | | | | | N/A | | | | | | i 379 | | | | | | i 3.50 | | |
| | | 2023 | | | 2022 | | | 2021 | | | 2020 | | ||||||||||||||||||
| | | PEO #2 (Singh) | | | PEO #1 (Mark) | | | PEO #2 (Singh) | | | PEO #1 (Mark) | | | PEO #1 (Mark) | | |||||||||||||||
SCT Total for PEO | | | | | i 2,702,682 | | | | | | i 1,884,831 | | | | | | i 2,108,814 | | | | | | i 2,499,003 | | | | | | i 2,456,931 | | |
Deductions from SCT: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Grant Date Fair Value of Equity-Based Awards Granted in Year (as Reported in Column (e) of the SCT) | | | | | ( i 1,086,882) | | | | | | ( i 1,029,738) | | | | | | ( i 1,102,743) | | | | | | ( i 1,031,102) | | | | | | ( i 1,006,367) | | |
Change in Pension Value (as included in column (g) of the SCT) | | | | | ( i 110,328) | | | | | | — | | | | | | ( i 27,249) | | | | | | ( i 239,347) | | | | | | ( i 381,104) | | |
Additions to SCT: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fair Value at Year-end of Unvested Awards Granted in Year(9) | | | | | i 664,734 | | | | | | i 212,857 | | | | | | i 1,122,490 | | | | | | i 1,203,516 | | | | | | i 1,279,777 | | |
Change in Fair Value of Awards Granted in Prior Years that Vested during the Year(9) | | | | | — | | | | | | ( i 57,715) | | | | | | — | | | | | | ( i 181,509) | | | | | | i 59,640 | | |
Change in Fair Value of Unvested Awards Granted in Prior Years that Remain Unvested and Outstanding at Year-End(9) | | | | | ( i 340,559) | | | | | | i 144,567 | | | | | | — | | | | | | i 745,068 | | | | | | i 840,073 | | |
Awards Granted in Prior Years that are Forfeited during the Year, if Applicable(9) | | | | | — | | | | | | ( i 820,333) | | | | | | — | | | | | | — | | | | | | — | | |
Service Cost for all Defined Benefit Pension Plans | | | | | i 52,182 | | | | | | i 129,468 | | | | | | i 37,600 | | | | | | i 97,890 | | | | | | i 91,349 | | |
Compensation Actually Paid to PEO(10) | | | | | i 1,881,829 | | | | | | i 463,937 | | | | | | i 2,138,912 | | | | | | i 3,093,519 | | | | | | i 3,340,299 | | |
| | | 2023 | | | 2022 | | | 2021 | | | 2020 | | ||||||||||||
Average SCT Total Compensation for Non-PEO NEOs | | | | | i 5,350,019 | | | | | | i 5,100,902 | | | | | | i 4,380,007 | | | | | | i 4,903,026 | | |
Deductions from SCT: | | | | | | | | | | | | | | | | | | | | | | | | | |
Grant Date Fair Value of Equity-Based Awards Granted in Year (as Reported in Column (e) of the SCT) | | | | | ( i 2,960,715) | | | | | | ( i 2,860,302) | | | | | | ( i 2,321,316) | | | | | | ( i 2,740,984) | | |
Change in Pension Value (as included in column (g) of the SCT) | | | | | ( i 506,480) | | | | | | — | | | | | | ( i 247,010) | | | | | | ( i 627,999) | | |
|
58
|
| |
Ameren Illinois Company
|
|
| | | 2023 | | | 2022 | | | 2021 | | | 2020 | | ||||||||||||
Additions to SCT: | | | | | | | | | | | | | | | | | | | | | | | | | |
Fair Value at Year-end of Unvested Awards Granted in Year(9) | | | | | i 2,081,150 | | | | | | i 3,042,250 | | | | | | i 2,709,405 | | | | | | i 3,366,358 | | |
Change in Fair Value of Awards Granted in Prior Years that Vested during the Year(9) | | | | | ( i 360,466) | | | | | | ( i 121,727) | | | | | | ( i 341,771) | | | | | | i 93,617 | | |
Change in Fair Value of Unvested Awards Granted in Prior Years that Remain Unvested and Outstanding at Year-End(9) | | | | | ( i 2,135,038) | | | | | | i 710,534 | | | | | | i 1,617,773 | | | | | | i 1,525,928 | | |
Service Cost for all Defined Benefit Pension Plans | | | | | i 155,859 | | | | | | i 212,035 | | | | | | i 161,351 | | | | | | i 115,024 | | |
Awards Granted in Prior Years that are Forfeited during the Year, if Applicable | | | | | ( i 339,173) | | | | | | — | | | | | | — | | | | | | — | | |
Average Compensation Actually Paid to Non-PEO NEOs(10) | | | | | i 1,285,156 | | | | | | i 6,083,692 | | | | | | i 5,958,439 | | | | | | i 6,634,970 | | |
Performance Period | | | Valuation Date | | | Risk-Free Rate | | | Ameren’s Common Stock Volatility | | | Volatility Range for the Peer Group | |
2023−2028 | | | 12/31/2023 | | | i 3.85%
| | | i 26.2% | | | i 24.49%− i 30.56%
| |
2023−2025 | | | 12/31/2023 | | | i 4.23% | | |
i 22.0% | | | i 19.98%− i 24.79%
| |
2022−2024 | | | 12/31/2022 12/31/2023 | | | i 4.41% i 4.79% | | | i 20.09% i 22.1% | | | i 19.18%− i 23.89%
i 18.01%− i 23.96% | |
2021−2023 | | | 12/31/2021 12/31/2022 | | | i 0.73% i 4.73% | | | i 33.2% i 21.99% | | | i 29.71%− i 41.14%
i 21.77%− i 27.08% | |
2020−2022 | | | 12/31/2020 12/31/2021 | | | i 0.13% i 0.39% | | | i 32.2% i 18.0% | | | i 28.98%− i 40.10%
i 16.19%− i 22.46% | |
2019−2021 | | | 12/31/2019 12/31/2020 | | | i 1.58% i 0.10% | | | i 16.5% i 43.3% | | | i 15.06%− i 30.22%
i 38.61%− i 54.73% | |
2018−2020 | | | 12/31/2019 | | | i 1.59% | | |
i 14.3% | | | i 12.67%− i 146.95%
| |
| i Ameren Annual EPS | |
| i Ameren Three-Year TSR Ranking vs. the TSR Peer Group | |
| i Clean Energy Transition metric | |
|
2024 Information Statement
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| |
59
|
|
|
60
|
| |
Ameren Illinois Company
|
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|
2024 Information Statement
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| |
61
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62
|
| |
Ameren Illinois Company
|
|
|
2024 Information Statement
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| |
63
|
|
Name and Address of Beneficial Owner
|
| | | |
Percent of Common Stock (%)
|
| |||||||
Ameren Corporation
One Ameren Plaza 1901 Chouteau Avenue St. Louis, MO 63103 |
| | | | 25,452,373 | | | | | | 100 | | |
Name
|
| |
Number of Shares of
Ameren Common Stock Beneficially Owned(1) |
| |
Percent
Owned(2) |
| ||||||
Bhavani Amirthalingam | | | | | 25,226 | | | | | | * | | |
Warner L. Baxter | | | | | 1 | | | | | | * | | |
Martin J. Lyons, Jr. | | | | | 190,113 | | | | | | * | | |
Michael L. Moehn | | | | | 142,397 | | | | | | * | | |
Chonda J. Nwamu | | | | | 26,915 | | | | | | * | | |
Theresa A. Shaw | | | | | 25,366 | | | | | | * | | |
Leonard P. Singh | | | | | 2,518 | | | | | | * | | |
Patrick E. Smith | | | | | 17,111 | | | | | | * | | |
All current executive officers, directors, and nominees for director as a group (9 persons)(3) | | | | | 479,484 | | | | | | * | | |
|
64
|
| |
Ameren Illinois Company
|
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|
2024 Information Statement
|
| |
65
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|
|
For information about the Company, including the Company’s annual, quarterly, and current reports on SEC Forms 10-K,
10-Q and 8-K, respectively, please visit the Investors section of Ameren’s website at www.amereninvestors.com. Information contained on Ameren’s website is not incorporated into this information statement or other securities filings. |
|
|
66
|
| |
Ameren Illinois Company
|
|
This ‘DEF 14C’ Filing | Date | Other Filings | ||
---|---|---|---|---|
10/31/28 | ||||
2/28/26 | ||||
12/31/25 | ||||
5/11/25 | ||||
3/10/25 | ||||
2/28/25 | ||||
2/8/25 | ||||
12/31/24 | ||||
12/6/24 | ||||
For Period end: | 5/9/24 | |||
Filed on: | 4/5/24 | |||
3/22/24 | ||||
3/11/24 | ||||
2/29/24 | 10-K | |||
2/12/24 | ||||
12/31/23 | 10-K | |||
12/29/23 | ||||
11/2/23 | ||||
11/1/23 | ||||
10/12/23 | ||||
10/2/23 | ||||
10/1/23 | ||||
9/29/23 | ||||
9/17/23 | ||||
5/1/23 | ||||
3/1/23 | ||||
2/28/23 | ||||
2/9/23 | ||||
1/1/23 | ||||
12/31/22 | 10-K | |||
8/1/22 | ||||
7/1/22 | 3 | |||
5/12/22 | 8-K, DEF 14C | |||
1/1/22 | ||||
12/31/21 | 10-K | |||
1/1/21 | ||||
12/31/20 | 10-K | |||
1/1/11 | ||||
1/1/10 | ||||
10/1/09 | ||||
1/1/01 | ||||
List all Filings |