Stephen D. Kelley - Mar 1, 2023 Form 4 Insider Report for ADVANCED ENERGY INDUSTRIES INC (AEIS)

Role: President and CEO, Director
Signature: /s/ Elizabeth K. Vonne - Attorney-in-Fact
Stock symbol: AEIS
Transactions as of: Mar 1, 2023
Transactions value $: $2,768,862
Form type: 4
Date filed: 3/3/2023, 04:34 PM
Previous filing: Feb 16, 2023
Next filing: Mar 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEIS	Common Stock	Award	$3.07M	+32.8K	+57.55%	$93.47	89.9K	Mar 1, 2023	Direct	F1
transaction	AEIS	Common Stock	Tax liability	-$302K	-3.23K	-3.59%	$93.47	86.7K	Mar 1, 2023	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AEIS	Performance Units	Award	$0	+32.8K		$0.00	32.8K	Mar 1, 2023	Common Stock	32.8K	$0.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Employee Restricted Stock units granted 03/01/2023 under the Company's 2023 Long Term Incentive Plan (LTI Plan) will vest in 3 equal installments beginning on the first anniversary of the grant date.
F2	Payment of tax liability by withholding securities incident to vesting of the restricted stock units.
F3	Represents 66,763 shares of unvested restricted stock units and 19,942 shares Common stock.
F4	These performance shares awards were issued under the LTI Plan at 100% of target and have a 3-year vest period and will vest in all or in part upon achievement of performance metrics. Any awards that have not been vested and released at the end of the 3-year period will be cancelled.