Ameren Illinois DEF 14C Information statement

TABLE OF CONTENTS

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14C INFORMATION

Information Statement Pursuant to Section 14(c) of the
Securities Exchange Act of 1934
(Amendment No. )

Check the appropriate box:

☐

Preliminary Information Statement

☐

Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))

☒

Definitive Information Statement

Ameren Illinois Company

(Name of Registrant as Specified In Its Charter)

Payment of Filing Fee (Check the appropriate box):

☒

No fee required.

☐

Fee paid previously with preliminary materials.

☐

Fee computed on table in exhibit required by Item 25(b) of Schedule 14A (17 CFR 240.14a-101) per Item 1 of this Schedule and Exchange Act Rules 14c-5(g) and 0-11

TABLE OF CONTENTS

[MISSING IMAGE: lg_amerenillinois-4c.jpg]

AMEREN ILLINOIS COMPANY

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

To the Shareholders of Ameren Illinois Company:

We will hold the Annual Meeting of Shareholders of Ameren Illinois Company (the “Company”) on Thursday, May 11, 2023, at 10 a.m. CDT. This year’s Annual Meeting will be held in a virtual meeting format only. You can participate in the Annual Meeting live via the Internet by visiting: www.virtualshareholdermeeting.com/AEE2023.

The business to be conducted at the meeting includes:

(1) electing five directors for terms ending at the annual meeting of shareholders to be held in 2023; and

(2) acting on other proper business presented to the meeting.

The Board of Directors of the Company presently knows of no other business to come before the meeting.

If you owned shares of the Company’s capital stock at the close of business on March 13, 2023, you are entitled to vote at the Annual Meeting and at any adjournment thereof. To attend, vote and ask questions during the Annual Meeting, you will need the 16-digit control number included on your Notice Regarding the Availability of Materials or on any additional instructions that accompanied your materials. Online check-in will begin at 9:45 a.m. CDT. Please allow ample time for the online check-in process. Attendance at the Annual Meeting is subject to capacity limits set by the virtual meeting platform provider.

THERE WILL BE NO SOLICITATION OF PROXIES BY THE BOARD OF DIRECTORS OF THE COMPANY.

By order of the Board of Directors.

Chonda J. Nwamu
Executive Vice President, General Counsel and Secretary

St. Louis, Missouri
March 28, 2023

Important Notice Regarding the Availability of this Information Statement:

This Information Statement and the 2022 Form 10-K, including consolidated financial statements, are available to you at www.amereninvestors.com/financial-info/proxy-materials.

2023 Information Statement

TABLE OF CONTENTS

Table of Contents

						PAGE
	Forward-Looking Information					3
	Question and Answers about the Annual Meeting and Voting					3
	Corporate Governance					7
	Item (1): Election of Directors					7
	Information Concerning Nominees to the Board of Directors					7
	Board Committees					14
	Corporate Governance Policies and Processes					18
	Director Compensation					20
	Other Matters					20
	Executive Compensation Matters					21
	Human Resources Committee Report					21
	Compensation Discussion and Analysis					21
	Compensation Tables and Narrative Disclosures					40
	Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table					43
	Pension Benefits					44
	Nonqualified Deferred Compensation					46
	Potential Payments Upon Termination or Change of Control					49
	Principal Executive Officer Pay Ratio					55
	Pay vs. Performance					55

Ameren Illinois Company

TABLE OF CONTENTS

Information Statement of Ameren Illinois Company

(First sent or given to shareholders on or about March 28, 2023)

Principal Executive Offices:

10 Richard Mark Way
Collinsville, IL 62234

Forward-Looking Information

Statements in this information statement not based on historical facts are considered “forward-looking” and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These statements include (without limitation) statements as to future expectations, beliefs, plans, projections, strategies, targets, estimates, objectives, events, conditions, and financial performance. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we are providing this cautionary statement to identify important factors that could cause actual results to differ materially from those anticipated. Reference is made to our Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Form 10-K”) filed with the Securities and Exchange Commission (the “SEC”) for a list of such factors.

Questions and Answers about the Annual Meeting and Voting

When and where will the annual meeting be held?

The Annual Meeting of Shareholders of Ameren Illinois Company, doing business as Ameren Illinois (the “Company,” “Ameren Illinois,” “we,” “us” and “our”), will be held on Thursday, May 11, 2023, at 10 a.m. CDT (the “Annual Meeting”), and at any adjournment thereof. The Annual Meeting will be held in a virtual meeting format only. You can attend the Annual Meeting live via the Internet by visiting: www.virtualshareholdermeeting.com/AEE2023. Please note that there is no in-person location for you to attend.

WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.

How do I participate in the Annual Meeting?

Visit www.virtualshareholdermeeting.com/AEE2023 and enter the 16-digit control number included on your Notice Regarding the Availability of Materials or any additional instructions that accompanied your materials. Online check-in will begin at 9:45 a.m. CDT. Please allow ample time for the online check-in process. Attendance at the Annual Meeting is subject to capacity limits set by the virtual meeting platform provider.

Who do I contact for help with technical difficulties accessing the Annual Meeting?

If you experience any technical difficulties accessing the Annual Meeting or during the meeting, please call the toll-free number that will be available on the Annual Meeting site ( www.virtualshareholdermeeting.com/AEE2023) for assistance. Technical support will be available 15 minutes prior to the start time of the meeting.

How do I submit questions for the Annual Meeting?

Before the Annual Meeting. Before the Annual Meeting, you can submit questions by visiting www.proxyvote.com and entering your 16-digit control number. Once you are past the login screen, click on “Questions for Management,” type in your question and click “Submit.” If you have any questions about www.proxyvote.com or your control number, please contact the bank, broker, or other organization that holds your shares.

2023 Information Statement

TABLE OF CONTENTS

Information Statement of Ameren Illinois Company

During the Annual Meeting. Log into the online meeting platform at www.virtualshareholdermeeting.com/AEE2023, type your question into the “Ask a Question” field and click “Submit”.

Only shareholders with a valid control number will be allowed to ask questions. Questions pertinent to meeting matters will be answered during the meeting, subject to time constraints. We reserve the right to edit inappropriate language and to exclude questions that are personal matters, do not comply with the meeting rules of conduct or are otherwise inappropriate. If we receive substantially similar questions, we will group such questions together and provide a single response to avoid repetition. If there are questions pertinent to meeting matters that cannot be answered during the meeting due to time constraints, management will post answers to a representative set of such questions on www.amereninvestors.com. The questions and answers, if any, will be available as soon as practicable after the meeting and will remain available until Ameren’s 2023 proxy statement is filed.

What is our relationship with Ameren Corporation?

The Company; Union Electric Company, doing business as Ameren Missouri (“Ameren Missouri”); Ameren Transmission Company of Illinois (“ATXI”); and Ameren Services Company (“Ameren Services”) are the principal direct or indirect subsidiaries of Ameren Corporation (“Ameren”), a holding company.

Ameren has common equity securities listed on the New York Stock Exchange (“NYSE”) and holds either directly or indirectly more than 50 percent of the voting power of each of Ameren Illinois, Ameren Missouri, ATXI, and Ameren Services. Ameren Illinois has no securities listed on the NYSE and is therefore exempt from all of the corporate governance rules of the NYSE (Section 303A of the NYSE’s Listed Company Manual).

Ameren Illinois’ Annual Meeting will be held in conjunction with the Ameren and Ameren Missouri annual meetings.

Who is entitled to vote?

Only shareholders of record of our common stock, without par value, and our cumulative preferred stock, $100 par value, at the close of business on the record date, March 13, 2023, are entitled to vote at the Annual Meeting. Our two classes of outstanding voting securities on such date consisted of 25,452,373 shares of common stock, all of which were owned by Ameren, and 487,508 shares of preferred stock of various series.

What will I be voting on?

Five directors are to be elected at the Annual Meeting to serve until the next annual meeting of shareholders or until their respective successors have been duly elected and qualified.

How do I vote?

We have been informed that Ameren intends to cast the votes of all of the outstanding shares of our common stock for the election of the nominees for directors named in Item (1). Accordingly, this matter is expected to be approved. Therefore, the Board of Directors considered it unnecessary to solicit proxies for the Annual Meeting. However, if you wish to vote your shares of preferred stock, you may do so by attending the virtual Annual Meeting and casting your vote via the Internet by visiting www.virtualshareholdermeeting.com/AEE2023. Online check-in will begin at 9:45 a.m. CDT. Please allow ample time for the online check-in process. Please note that there is no in-person location for you to attend.

To participate in and vote at the virtual Annual Meeting, you will need the 16-digit control number included on your Notice Regarding Availability of Materials or any additional voting instructions that accompanied your materials.

Ameren Illinois Company

TABLE OF CONTENTS

Information Statement of Ameren Illinois Company

How many votes do I have?

Our common stock and preferred stock vote together as a single class on the election of directors. Each shareholder is entitled to one vote for each share of our stock held (whether common stock or preferred stock), on each matter submitted to a vote at the Annual Meeting, except that in the election of directors, each shareholder is entitled to vote cumulatively. Accordingly, each shareholder may cast votes equal to the number of directors to be elected multiplied by the number of shares held by that shareholder for only one nominee, or those votes may be distributed among any two or more nominees.

What are the vote requirements for each matter?

For the election of directors, the five nominees receiving the highest number of votes of the shares entitled to vote and represented in person or by proxy at the meeting at which a quorum is present will be elected as directors. For all other matters, if any are properly presented at the meeting, the decision of a majority of the shares entitled to vote on the subject matter and represented in person or by proxy at the meeting at which a quorum is present will be valid as an act of the shareholders, unless a larger vote is required by law, the Company’s Bylaws or the Company’s Restated Articles of Incorporation. In tabulating the number of votes on such matters (i) shares represented by a proxy which directs that the shares abstain from voting or that a vote be withheld on a matter will be deemed to be represented at the meeting as to such matter, (ii) except as provided in (iii) below, shares represented by a proxy as to which voting instructions are not given as to one or more matters to be voted on will not be deemed to be represented at the meeting for the purpose of the vote as to such matter or matters and (iii) a proxy, which states how shares will be voted in the absence of instructions by the shareholder as to any matter, will be deemed to give voting instructions as to such matter. Shareholder votes are certified by independent inspectors of election.

When and to whom will our 2022 Form 10-K be sent?

Our 2022 Form10-K is being sent, along with the Notice of Annual Meeting and this information statement, to all of our shareholders of record at the close of business on March 13, 2023, which is the record date for the determination of shareholders entitled to vote at the meeting. Note that the 2022 Form 10-K is a combined report for Ameren, Ameren Illinois and Ameren Missouri, which comprise all Ameren companies reporting under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

How can I access this Information Statement and the 2022 Form 10-K online?

This information statement and the 2022 Form 10-K, including financial statements, are available to you at www.amereninvestors.com/financial-info/proxy-materials.

How many shares must be present to hold the Annual Meeting?

As provided in our Bylaws, in order to conduct the Annual Meeting, holders of more than one-half of the outstanding shares entitled to vote must be present in person or represented by proxy so that there is a quorum.

In determining whether a quorum is present at the Annual Meeting, shares represented by a proxy that directs that the shares abstain from voting or that a vote be withheld on a matter, will be deemed to be represented at the meeting for quorum purposes. Shares as to which voting instructions are given as to at least one of the matters to be voted on will also be deemed to be so represented. If the proxy states how shares will be voted in the absence of instructions by the shareholder, such shares will be deemed to be represented at the meeting.

2023 Information Statement

TABLE OF CONTENTS

Information Statement of Ameren Illinois Company

How do I review the list of shareholders?

The names of shareholders of record entitled to vote at the Annual Meeting will be available during the Annual Meeting at www.virtualshareholdermeeting.com/AEE2023 and, for ten days prior to the Annual Meeting, at the Office of the Secretary of the Company. Only shareholders that have logged in to the Annual Meeting with a valid control number will be allowed to view the list of shareholders during the Annual Meeting.

What is the Company’s mailing policy when multiple registered shareholders share an address?

The Company is permitted and intends to mail only one Notice Regarding the Availability of Materials and/or one annual report and one information statement to multiple registered shareholders sharing an address who have consented to the delivery of one set of materials per address or have received prior notice of our intent to do so, so long as the Company has not received contrary instructions from one or more of such shareholders. This practice is commonly referred to as “householding.” Householding reduces the volume of duplicate information received at your household and the cost to the Company of preparing and mailing duplicate materials.

If you share an address with other registered shareholders and your household receives one set of the materials and you decide you want a separate copy of the materials, the Company will promptly mail your separate copy if you contact the Office of the Secretary, Ameren Corporation, P.O. Box 66149, Mail Code 1310, St. Louis, Missouri 63166-6149 or by calling toll-free 1-800-255-2237 (or in the St. Louis area 314-554-3502). Additionally, to resume the mailing of individual copies of future materials to a particular shareholder, you may contact the Office of the Secretary, and your request will be effective within 30 days after receipt. You may request householding of these documents by providing the Office of the Secretary with a written request to eliminate multiple mailings. The written request must include names and account numbers of all shareholders consenting to householding for a given address and must be signed by those shareholders.

Additionally, the Company has been notified that certain banks, brokers and other nominees may household the Company’s information statements for shareholders who hold Company shares with the bank, broker or other nominee in “street” name and have consented to householding. In this case, you may request individual copies of the information statement by contacting your bank, broker or other nominee.

How do I contact the Company about Annual Meeting matters?

You may reach us:

— by mail addressed to

Office of the Secretary
Ameren Illinois Company
P.O. Box 66149, Mail Code 1310
St. Louis, MO 63166-6149

— by calling toll free 1-800-255-2237 (or in the St. Louis area 314-554-3502).

Ameren Illinois Company

TABLE OF CONTENTS

Corporate Governance

ITEM 1

Election of Directors

Five directors are to be elected at the Annual Meeting to serve until the next annual meeting of shareholders and until their respective successors have been duly elected and qualified. In the event that any nominee for election as director should become unavailable to serve, votes will be cast for such substitute nominee or nominees as may be nominated by the Nominating and Corporate Governance Committee of Ameren’s Board of Directors and approved by the Board of Directors. The Nominating and Corporate Governance Committee, as described below, performs its committee functions for our Board. The Board of Directors knows of no reason why any nominee will not be able to serve as director. The five nominees for director who receive the most votes will be elected.

Our Board of Directors is currently comprised of five directors (Leonard P. Singh, Michael L. Moehn, Chonda J. Nwamu, Theresa A. Shaw, and Patrick E. Smith), each of whom is an officer of the Company or its affiliates. As discussed below, the Audit and Risk Committee, as well as the Nominating and Corporate Governance Committee, Human Resources Committee, Nuclear, Operations and Environmental Sustainability Committee and Finance Committee of Ameren’s Board of Directors, perform committee functions for our Board.

Information Concerning Nominees to the Board of Directors

The nominees for our Board of Directors are listed below, along with their ages as of December 31, 2022, tenure as director, other directorships held by such nominee during the previous five years and business background for at least the last five years. Each nominee’s biography below also includes a description of the specific experience, qualifications, attributes or skills of each director or nominee that led Ameren’s Board to conclude that such person should serve as a director of the Company. The fact that we do not list a particular experience, qualification, attribute or skill for a director nominee does not mean that nominee does not possess that particular experience, qualification, attribute or skill. In addition to the specific experiences, qualifications, attributes or skills detailed below, each director or nominee has demonstrated the highest professional and personal ethics, broad experiences in business, environmental and sustainability matters, government, education or technology, the ability to provide insights and practical wisdom based on their experience and expertise, a commitment to enhancing shareholder value, compliance with legal and regulatory requirements, and the ability to develop a good working relationship with other Board members and contribute to the Board’s working relationship with senior management of the Company. In assessing the composition of the Board of Directors, Ameren’s Nominating and Corporate Governance Committee recommends Board nominees so that collectively, the Board is balanced by having the necessary experience, qualifications, attributes and skills and that no nominee is recommended because of one particular criterion. See “— Corporate Governance Policies and Practices — Consideration of Director Nominees” below for additional information regarding director nominees and the nominating process.

Each nominee has consented to being nominated for director and has agreed to serve if elected. No arrangement or understanding exists between any nominee and the Company or, to the Company’s knowledge, any other person or persons pursuant to which any nominee was or is to be selected as a director or nominee. There are no family relationships between any director, executive officer, or person nominated or chosen by us to become a director or executive officer. All of the nominees for election to the Board were unanimously recommended by the Nominating and Corporate Governance Committee of Ameren’s Board of Directors and were unanimously nominated by our Board of Directors. We have been informed that Ameren intends to cast the votes of all of the outstanding shares of our common stock for the election of the nominees named below.

2023 Information Statement

TABLE OF CONTENTS

Corporate Governance

Leonard P. Singh

Chairman and President of the Company

Director since: 2022

Age: 53

EXECUTIVE EXPERIENCE:

Mr. Singh joined the Company as Chairman and President-Elect and as a member of its board of directors in July 2022, and he began serving as Chairman and President in August 2022. Previously, he served in various senior leadership roles at Consolidated Edison Company of New York, including Senior Vice President of Customer Energy Solutions from December 2020 to June 2022 and Vice President of Manhattan Electric Operations from June 2015 to November 2020.

SKILLS AND QUALIFICATIONS:

Based primarily upon Mr. Singh’s executive management experience and his significant operations, consumer, regulatory affairs, and administrative skills and experience, Ameren’s Board concluded that Mr. Singh should serve as a director of the Company.

Ameren Illinois Company

TABLE OF CONTENTS

Corporate Governance

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: 53

EXECUTIVE EXPERIENCE:

Mr. Moehn joined Ameren Services in 2000 as an Assistant Controller. Mr. Moehn was named Director of Ameren Services’ corporate modeling and transaction support in 2001 and elected Vice President of Business Services for Ameren Energy Resources Company, LLC (“Resources Company”) in 2002. In 2004, Mr. Moehn was elected Vice President of Corporate Planning of Ameren Services and relinquished his position at Resources Company. In 2008, Mr. Moehn was elected Senior Vice President, Corporate Planning and Business Risk Management of Ameren Services. In January 2012, Mr. Moehn assumed the position of Senior Vice President of Customer Operations of the Company and relinquished his position at Ameren Services. Mr. Moehn was elected to Board of Directors of the Company in April 2012. In 2012, Mr. Moehn was elected to the Board of Directors and as Senior Vice President of Customer Operations of Ameren Missouri, with responsibility for electric and gas operations, technical services and customer operations in Missouri, and relinquished his directorship and position at the Company. Mr. Moehn was elected Chairman and President of Ameren Missouri in April 2014. In December 2019, Mr. Moehn was elected Executive Vice President and Chief Financial Officer of the Company, Ameren, and Ameren Missouri and President of Ameren Services and relinquished his position as Chairman and President of Ameren Missouri. In March 2023, Mr. Moehn was elected Senior Executive Vice President and Chief Financial Officer of the Company, Ameren, and Ameren Missouri.

Mr. Moehn also serves as a director of the following Ameren entities:

•

Ameren Services, 2019–present

•

Ameren Missouri, 2012–present

•

Ameren Transmission Company of Illinois, 2019–present

SKILLS AND QUALIFICATIONS:

Based primarily upon Mr. Moehn’s significant executive management experience; strong strategic planning, operations and administrative skills and experience; and tenure with the Company (and its affiliates), Ameren’s Board concluded that Mr. Moehn should serve as a director of the Company.

2023 Information Statement

TABLE OF CONTENTS

Corporate Governance

Chonda J. Nwamu

Executive Vice President, General Counsel, and Secretary of the Company, Ameren, Ameren Missouri and Ameren Services

Director since: 2019

Age: 51

OUTSIDE DIRECTORSHIPS: BellRing Brands, Inc. (2021–Present)

EXECUTIVE EXPERIENCE:

Ms. Nwamu joined Ameren Services in September 2016 as Vice President and Deputy General Counsel. In January 2019, she was elected Senior Vice President and Deputy General Counsel of Ameren Services. In August 2019, Ms. Nwamu was elected Senior Vice President, General Counsel and Secretary of the Company, Ameren, Ameren Missouri and Ameren Services, and effective March 1, 2023, she was elected Executive Vice President, General Counsel and Secretary of the Company, Ameren, Ameren Illinois and Ameren Services. Prior to joining Ameren Services, she served as regulatory counsel at Pacific Gas and Electric Company, a public utility, from 2000 to May 2014 and as managing counsel and senior director from June 2014 to June 2016.

Ms. Nwamu also serves as a director of the following Ameren entities:

•

Ameren Services, 2019–present

•

Ameren Missouri, 2019–present

•

Ameren Transmission Company of Illinois, 2019–present

SKILLS AND QUALIFICATIONS:

Based primarily upon Ms. Nwamu’s significant executive management experience and extensive legal, regulatory and administrative skills and experience; and tenure with the Company (any its affiliates), Ameren’s Board concluded that Ms. Nwamu should serve as a director of the Company.

Ameren Illinois Company

TABLE OF CONTENTS

Corporate Governance

Theresa A. Shaw

Senior Vice President, Finance and Chief Accounting Officer of the Company, Ameren, Ameren Missouri and Ameren Services

Director since: 2023

Age: 50

EXECUTIVE EXPERIENCE:

Ms. Shaw joined Ameren Services in 2002 as a supervisor of Investor Relations and Financial Communications and was promoted to Director of External Reporting in 2009. In 2013, Ms. Shaw relinquished her position at Ameren Services and was elected Assistant Vice President and Controller of Ameren. In 2014, she was elected Vice President of Internal Audit of Ameren. In 2018, Ms. Shaw relinquished her position at Ameren and was elected Vice President of Regulatory Affairs and Financial Services of the Company, and in 2019 she was elected Senior Vice President of Regulatory Affairs and Financial Services of the Company. In August 2021, she relinquished her position at the Company and was elected Senior Vice President, Finance and Chief Accounting Officer of the Company, Ameren, Ameren Missouri and Ameren Services.

SKILLS AND QUALIFICATIONS:

Based primarily upon Ms. Shaw’s significant executive management experience; strong accounting, financial and administrative skills and experience; and tenure with the Company (and its affiliates), Ameren’s Board concluded that Ms. Shaw should serve as a director of the Company.

Patrick E. Smith

Senior Vice President, Operations and Technical Services of the Company

Director since: 2021

Age: 58

EXECUTIVE EXPERIENCE:

Mr. Smith joined Ameren Missouri in 1985 as a meter reader, and soon after was promoted to journey lineworker. Since then, Mr. Smith has worked in progressively responsible leadership roles. In May 2016, he was elected vice president, division operations for Ameren Missouri. In October 2021, Mr. Smith was elected vice president of economic, community and business development for Ameren Missouri. In November 2022, Mr. Smith was elected senior vice president, operations and technical services of the Company and relinquished his position at Ameren Missouri.

SKILLS AND QUALIFICATIONS:

Based primarily upon Mr. Smith’s significant executive management experience; strong strategic planning, operations and administrative skills and experience; and tenure with the Company (and its current and former affiliates), Ameren’s Board concluded that Mr. Smith should serve as a director of the Company.

YOUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE FOR THE ELECTION OF THESE DIRECTOR NOMINEES.

Consideration of Director Nominees

Ameren’s Nominating and Corporate Governance Committee will consider director nominations from shareholders in accordance with Ameren’s Director Nomination Policy, a copy of which can be found on Ameren’s website. The Nominating and Corporate Governance Committee will consider as a candidate any director of the Company who has indicated to the Nominating and Corporate Governance Committee that he or she is willing to stand for reelection as well as any other person who is recommended by any shareholders of the

2023 Information Statement

TABLE OF CONTENTS

Corporate Governance

Company, as set forth in the Director Nomination Policy. The Nominating and Corporate Governance Committee will evaluate shareholder recommendations using the same process it follows for other candidates. The Nominating and Corporate Governance Committee may also undertake its own search process for candidates and may retain the services of professional search firms or other third parties to assist in identifying and evaluating potential nominees. The Company does not normally pay any third party search firm a fee to identify or evaluate or assist in identifying or evaluating nominees and did not do so with regard to the nominees recommended for election in this information statement.

In considering a potential nominee for the Board, shareholders should note that in selecting candidates, Ameren’s Nominating and Corporate Governance Committee endeavors to find individuals of high integrity who have a solid record of leadership and accomplishment in their chosen fields and who display the independence to effectively represent the best interests of all shareholders. Candidates are selected for their ability to exercise good judgment, to provide practical insights and diverse perspectives and to contribute to the regular refreshment of skill sets represented on the Board. Candidates also will be assessed in the context of the then-current composition of the Board, the average tenure of the Board, the operating requirements of the Company and the long-term interests of all shareholders. In conducting this assessment, the Nominating and Corporate Governance Committee will, in connection with its assessment and recommendation of candidates for director, consider diversity (including, but not limited to, gender, race, ethnicity, age, experience and skills), director tenure, board refreshment and such other factors as it deems appropriate given the then-current and anticipated future needs of the Board and the Company, and to maintain a balance of perspectives, qualifications, qualities and skills on the Board. Although the Nominating and Corporate Governance Committee may seek candidates that have different qualities and experiences at different times in order to maximize the aggregate experience, qualities and strengths of the Board members, nominees for each election or appointment of directors will be evaluated using a substantially similar process.

Ameren’s Nominating and Corporate Governance Committee considers the following qualifications at a minimum in recommending to the Board potential new Board members, or the continued service of existing members:

•

the highest professional and personal ethics;

•

broad experience in business, government, education or technology;

•

ability to provide insights and practical wisdom based on their experience and expertise;

•

commitment to enhancing shareholder value;

•

sufficient time to effectively carry out their duties; their service on other boards of public companies should be limited to a reasonable number;

•

compliance with legal and regulatory requirements; and

•

ability to develop a good working relationship with other Board members and contribute to the Board’s working relationship with senior management of the Company.

Other than the foregoing, there are no stated minimum criteria for director nominees, although Ameren’s Nominating and Corporate Governance Committee may also consider such other factors as it may deem are in the best interests of the Company and its shareholders. In addition, because the Company is committed to maintaining its tradition of diversity and inclusion within the Board, each assessment and selection of director candidates will be made by Ameren’s Nominating and Corporate Governance Committee in compliance with Ameren’s policy of non-discrimination based on race, color, religion, sex, national origin, ethnicity, age, disability, veteran status, pregnancy, marital status, sexual orientation or any other reason prohibited by law. Ameren’s Nominating and Corporate Governance Committee considers and assesses the implementation and effectiveness of its diversity policy in connection with Board nominations annually to assure that the Board contains an effective mix of individuals to best advance the Company’s long-term business interests.

Risk Oversight Process

Given the importance of monitoring risks, Ameren’s Board has charged its Audit and Risk Committee with oversight responsibility of Ameren’s and its subsidiaries’ overall enterprise risk management process, which includes the identification, assessment, mitigation and monitoring of risks for Ameren and its subsidiaries. Ameren’s enterprise risk management program is a comprehensive, consistently

Ameren Illinois Company

TABLE OF CONTENTS

Corporate Governance

applied management framework that is designed to ensure all forms of risk and opportunity are identified, reported and managed in an effective manner. Risk management is embedded into business processes and key decision-making at all levels of the Company.

Ameren’s Audit and Risk Committee meets on a regular basis to review enterprise risk management processes, at which time applicable members of Ameren’s and the Company’s senior management provide reports to the Audit and Risk Committee. Ameren’s Audit and Risk Committee coordinates with other committees of Ameren’s Board having primary oversight responsibility for specific risks (see “— BOARD COMMITTEES” below). Each of Ameren’s standing Board committees receives regular reports from members of Ameren’s and the Company’s senior management concerning its assessment of Ameren and Company risks within the purview of such committee. Each such committee also has the authority to engage independent advisers. The risks that are not specifically assigned to an Ameren Board committee are considered by Ameren’s Audit and Risk Committee through its oversight of the enterprise risk management process of Ameren and its subsidiaries. Ameren’s Audit and Risk Committee then discusses with members of Ameren’s and the Company’s senior management methods to mitigate such risks.

Notwithstanding Ameren’s Board of Directors’ oversight delegation to Ameren’s Audit and Risk Committee, the entire Board is actively involved in risk oversight. Ameren’s Audit and Risk Committee annually reviews for Ameren’s Board which committees maintain oversight responsibilities described above and the overall effectiveness of the enterprise risk management process. In addition, at each of its meetings, Ameren’s Board receives a report from the Chair of the Audit and Risk Committee, as well as from the Chair of each of the other standing committees of Ameren’s Board identified below, each of which is chaired by an independent director in accordance with the committee charters. Through the process outlined above, Ameren’s Board believes that its leadership structure provides effective oversight of risk management of Ameren and its subsidiaries.

Consideration of Risks Associated with Compensation

In evaluating the material elements of compensation available to executives and other Company employees, Ameren’s Human Resources Committee takes into consideration whether the compensation policies and practices of Ameren and certain of its subsidiaries, including the Company, may incentivize behaviors that might lead to excessive risk taking. Ameren’s Human Resources Committee, with the assistance of its independent compensation consultant, Meridian Compensation Partners, LLC (“Meridian”), and Ameren management, reviews the compensation policies and practices each year for design features that have the potential to encourage excessive risk taking. The program contains multiple design features that manage or mitigate these potential risks, including:

•

an appropriate balance of fixed and variable pay opportunities;

•

caps on incentive plan payouts;

•

the use of multiple performance measures in the compensation program;

•

measurement of performance at the corporate level;

•

a mix between short-term and long-term incentives, with an emphasis for executives on rewarding long-term performance;

•

Ameren Human Resources Committee discretion regarding individual executive awards;

•

oversight by non-participants in the plans;

•

a code of ethics, internal controls and other measures implemented by Ameren and its subsidiaries, including the Company;

•

anti-hedging and anti-pledging policies for executives;

•

a clawback provision in the 2022 Omnibus Incentive Compensation Plan (the “2022 Plan”) and the 2014 Omnibus Incentive Compensation Plan (the “2014 Plan”) that applies to annual and long-term incentive program grants; and

•

stock ownership requirements applicable to members of Ameren’s management team (including the NEOs as defined under “EXECUTIVE COMPENSATION — Compensation Discussion and Analysis” below, other officers who are subject to reporting under Section 16 of the Securities Exchange Act of 1934 (collectively, the “Section 16 Officers”), and other members of Ameren’s Senior Leadership Team) and stock ownership guidelines applicable to all other members of Ameren’s management team.

2023 Information Statement

TABLE OF CONTENTS

Corporate Governance

Based upon the above considerations, Ameren’s Human Resources Committee determined that the Company’s compensation policies and practices are not reasonably likely to create risks that have a material adverse effect on the Company.

Board Leadership Structure

The Company’s Bylaws delegate to the Company’s Board of Directors the right to exercise its discretion to either separate or combine the offices of Chairman of the Board and President. The Board annually considers the appropriate leadership structure for the Company and has concluded that the Company and its shareholders are best served at this time by the Board retaining discretion to determine whether the same individual should serve as both Chairman of the Board and President. This decision is based upon the Board’s determination of what is in the best interests of the Company and its shareholders, in light of then-current and anticipated future circumstances and taking into consideration succession planning, skills and experience of the individual(s) filling those positions and other relevant factors.

The Board has determined that the Board leadership structure that is most appropriate at this time, given the specific characteristics and circumstances of the Company and the skills and experience of Mr. Singh, is a leadership structure that combines the roles of Chairman of the Board and President with Mr. Singh filling those roles for the following primary reasons:

•

such a Board leadership structure with a combined Chairman and President has previously served the Company and its shareholders well, and the Board expects that the structure will continue to serve them well, based primarily on Mr. Singh’s background, skills and experience, as detailed in his biography above;

•

since Ameren owns all of the Company’s common stock, the Company receives significant independent oversight by Ameren’s Board of Directors (for example, only independent directors chair and serve on all standing Board committees, including the Audit and Risk Committee, the Human Resources Committee and the Nominating and Corporate Governance Committee of Ameren’s Board (see “— BOARD COMMITTEES” below); Ameren’s Nominating and Corporate Governance Committee recommends to Ameren’s Board, and Ameren’s Board subsequently nominates, director candidates for the Company’s Board; and any Company director, as a result of Ameren’s ownership of all the Company’s common stock, may be removed by Ameren’s Board at any time, with or without cause); and

•

a non-independent Chairman of the Board continues to be the principal board leadership structure among S&P 500 companies in the United States, including Ameren’s peer companies.

Based on oversight by Ameren’s Board, as described above, Ameren’s ownership of all the Company’s common stock and the economic rights of the holders of the preferred stock being senior in priority to the common stock, and the Company’s current Board composition and leadership structure, the Board has not appointed a lead independent director. The Board recognizes that depending on the specific characteristics and circumstances of the Company, other leadership structures might also be appropriate. The Company is committed to reviewing this determination on an annual basis.

Director Independence

All nominees for director of the Company’s Board are officers of the Company or its affiliates and therefore, do not qualify as “independent” under the NYSE listing standards. As previously explained, the Company has no securities listed on the NYSE and therefore is not subject to the NYSE listing standards.

Board Committees

As described below, the Board of Directors utilizes the Audit and Risk Committee, Cybersecurity and Digital Technology Committee, Finance Committee, Human Resources Committee, Nominating and Corporate Governance Committee, and Nuclear, Operations and Environmental Sustainability Committee of Ameren’s Board of Directors to perform such committee functions for the Company’s Board. The chairs and members of those committees are recommended by Ameren’s Nominating and Corporate Governance Committee, appointed annually by Ameren’s Board and are identified below. Each committee is comprised entirely of non-management directors,

Ameren Illinois Company

TABLE OF CONTENTS

Corporate Governance

each of whom Ameren’s Board of Directors has determined to be “independent” as defined by the relevant provisions of the Sarbanes-Oxley Act of 2002, the NYSE listing standards and Ameren’s Director Nomination Policy. A more complete description of the duties of each standing Board committee is contained in each standing Board committee’s charter available at www.amereninvestors.com/corporate-governance.

Audit and Risk Committee

Meetings in 2022: 14*

Chair
J. Edward Coleman

Other Members
Catherine S. Brune
Ward H. Dickson
Noelle K. Eder
Leo S. Mackay, Jr.

Each of J. Edward Coleman, Ward H. Dickson 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.

* Includes five regularly scheduled meetings focused on cybersecurity and digital technology matters; effective May 1, 2023, oversight responsibilities for these matters will be assumed by the Cybersecurity and Digital Technology Committee.

•

Appoints and oversees the independent registered public accountants; pre-approves all audit, audit-related services and non-audit engagements with independent registered public accountants.

•

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.

•

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.

•

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.

•

Reviews with management and the independent registered public accountants the scope and results of audits and financial statements, disclosures and earnings press releases.

•

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.

•

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.

•

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.

•

Coordinates its oversight of enterprise risk management with other Board committees having primary oversight responsibilities for specific risks.

•

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.

•

Reviews investigatory, legal and regulatory matters that may have a material effect on financial statements.

•

Establishes a system by which employees may communicate directly with members of the Committee about accounting, internal controls and financial reporting deficiency.

•

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.

•

Performs other actions as required by the NYSE listing standards and its Charter, including the retention of independent legal counsel and other advisors.

2023 Information Statement

TABLE OF CONTENTS

Corporate Governance

Cybersecurity and Digital Technology Committee

Meetings in 2022: None (formation effective May 1, 2023)

Chair
Noelle K. Eder

Other Members
Catherine S. Brune
J. Edward Coleman
Ward H. Dickson

•

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.

•

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.

•

Reviews Ameren’s and its subsidiaries’ third-party cybersecurity and digital technology strategy, including information on critical risks and metrics relating thereto.

•

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.

•

Performs other actions as required by its Charter, including the retention of legal, accounting or other advisors.

Finance Committee

Meetings in 2022: 5

Chair
Ward H. Dickson

Other Members
J. Edward Coleman
Ellen M. Fitzsimmons
Craig S. Ivey

•

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.

•

Reviews and makes recommendations regarding Ameren’s dividend policy.

•

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.

•

Reviews and recommends to Ameren’s board of directors Ameren’s and its subsidiaries’ debt and equity financing plans.

•

Oversees Ameren’s and its subsidiaries’ commodity risk assessment process, system of controls and compliance with established risk management policies and procedures.

•

Performs other actions as required by its Charter, including the retention of legal, accounting or other advisors.

Ameren Illinois Company

TABLE OF CONTENTS

Corporate Governance

Human Resources Committee

Meetings in 2022: 7

Chair
James C. Johnson

Other Members
Cynthia J. Brinkley
Richard J. Harshman
Steven H. Lipstein

•

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.

•

Administers and approves awards under the incentive compensation plan.

•

Administers and approves executive employment agreements, severance agreements and change of control agreements, if any.

•

Reviews with management, and prepares an annual report regarding, the Compensation Discussion and Analysis section of the Company’s information statement.

•

Recommends to the Board amendments to those pension plans sponsored by Ameren or any of its subsidiaries, except as otherwise delegated.

•

Reviews with management Ameren’s and its subsidiaries’ human capital management practices, including diversity, equity and inclusion initiatives.

•

Performs other actions as required by the NYSE listing standards and its Charter, including the retention of outside compensation consultants and other outside advisors.

•

Reviews the Company’s compensation policies and practices to determine whether they encourage excessive risk taking.

•

Assists the Board of Directors in overseeing the development of executive succession plans.

Nominating and Corporate Governance Committee

Meetings in 2022: 5

Chair
Catherine S. Brune

Other Members
Noelle K. Eder
Rafael Flores
James C. Johnson
Steven H. Lipstein

•

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.

•

Oversees the annual self-assessments of the Ameren board of directors and its committees.

•

Reviews the Ameren board of directors’ policy for director compensation and benefits.

•

Establishes a process by which shareholders and other interested persons will be able to communicate with members of the Ameren board of directors.

•

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).

•

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.

•

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).

•

Performs other actions as required by the NYSE listing standards and its Charter, including the retention of independent legal counsel and other advisors.

2023 Information Statement

TABLE OF CONTENTS

Corporate Governance

Nuclear, Operations and Environmental Sustainability Committee

Meetings in 2022: 6

Chair
Richard J. Harshman

Other Members
Cynthia J. Brinkley
Ellen M. Fitzsimmons
Rafael Flores
Craig S. Ivey
Leo S. Mackay, Jr.

•

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.

•

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.

•

Reviews significant inquires from and the results of major inspections and evaluations by regulatory agencies and oversight groups and management’s response thereto.

•

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.

•

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.

•

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.

•

Performs other actions as required by its Charter, including the retention of legal, accounting or other advisors.

Corporate Governance Policies and Processes

Corporate Governance Policies, Committee Charters and Codes of Ethics

Ameren’s Board of Directors has adopted a Director Nomination Policy, a Policy Regarding Communications to the Board of Directors and a Related Person Transactions Policy, each applicable to Ameren and certain of its subsidiaries, including the Company, and written charters for its Audit and Risk Committee, Human Resources Committee, Nominating and Corporate Governance Committee, Nuclear, Operations and Environmental Sustainability Committee and Finance Committee. Ameren’s Board of Directors also has adopted a code of ethics applicable to all of the directors, officers and employees of Ameren and its subsidiaries, including the Company, and a Supplemental Code of Ethics for Principal Executive and Senior Financial Officers of all Ameren companies. These documents and other items relating to the governance of the Company can be found in the Investors’ section of Ameren’s website at www.amereninvestors.com/corporate-governance. These documents are also available in print free of charge to any shareholder who requests them from the Office of the Company’s Secretary. The information on the Company’s website, or any other website referenced in this report, is not incorporated by reference into this information statement.

Board and Committee Meetings and Annual Meeting Attendance

During 2022, the Board of Directors met five times. Each director then serving on the Board attended at least 75 percent of the total meetings during the year.

The Company has adopted a policy under which Board members are expected to attend each shareholders’ meeting. At the 2022 annual meeting of shareholders, all of the then-incumbent directors (and nominated for election in 2022) were in attendance.

Ameren Illinois Company

TABLE OF CONTENTS

Corporate Governance

Standing Board Committee Governance Practices

Ameren’s standing Board committees focus on good governance practices. These include:

•

requiring several meetings to discuss important decisions;

•

receiving meeting materials well in advance of meetings; and

•

conducting executive sessions with committee members only.

Common Stock Ownership Requirement

Ameren has a stock ownership requirement for members of the Senior Leadership Team (which includes the NEOs) that fosters long-term common stock ownership and is intended to align the interests of the Senior Leadership Team and shareholders. As set forth Ameren’s Corporate Governance Guidelines, each member of the Senior Leadership Team is required to own shares of Ameren’s common stock valued as a percentage of base salary as follows:

•

Chairman of Ameren: 6 times base salary;

•

President and Chief Executive Officer of Ameren: 6 times base salary;

•

Chief Financial Officer of Ameren and each Ameren business segment President: 3 times base salary;

•

Other Section 16 Officers: 2 times base salary; and

•

All other members of the Senior Leadership Team: 1 times base salary.

If at any time a member of the Senior Leadership Team does not satisfy the applicable stock ownership requirement, such member must retain at least 75 percent of the after-tax shares he or she acquires upon the vesting and settlement of (i) awards that are then outstanding under Ameren’s equity compensation programs and (ii) any future awards granted under Ameren’s equity compensation programs, until the applicable stock ownership requirement is satisfied. Other than Mr.Singh, who joined the Company in 2022, all NEOs are in compliance with the stock ownership requirements, including taking into account any base salary increases for fiscal year 2022.

Related Person Transactions Policy

Ameren’s Board of Directors has adopted the Ameren Corporation Related Person Transactions Policy. The policy applies to Ameren and its subsidiaries, including the Company, which are registered companies under the Exchange Act. This written policy provides that Ameren’s Nominating and Corporate Governance Committee will review and approve Related Person Transactions (as defined below); provided that Ameren’s Human Resources Committee will review and approve the compensation of each Company employee who is an immediate family member of a Company director or executive officer and whose annual compensation exceeds $120,000. The Chair of Ameren’s Nominating and Corporate Governance Committee has been delegated authority to act between Nominating and Corporate Governance Committee meetings. References in this section to the Nominating and Corporate Governance Committee and the Human Resources Committee refer to Ameren’s Nominating and Corporate Governance Committee and Ameren’s Human Resources Committee, respectively.

The policy defines a “Related Person Transaction” as a transaction (including any financial transaction, arrangement or relationship (or any series of similar transactions, arrangements or relationships)) in which Ameren (including the Company and any of Ameren’s other subsidiaries) was, is or will be a participant and the amount involved exceeds $120,000 and in which any Related Person (as defined below) had, has or will have a direct or indirect material interest, other than: (1) competitively bid and the lowest bid is accepted or regulated public utility services transactions; (2) transactions involving trustee type services; (3) transactions in which the Related Person’s interest arises solely from ownership of Company equity securities and all equity security holders received the same benefit on a pro rata basis; (4) an employment relationship or transaction involving an executive officer and any related compensation solely resulting from that employment relationship or transaction if (i) the compensation arising from the relationship or transaction is or will be reported pursuant to the SEC’s executive and director compensation proxy statement disclosure rules or (ii) the executive officer is not an immediate family member of another executive officer or director and such compensation would have been reported under the

2023 Information Statement

TABLE OF CONTENTS

Corporate Governance

SEC’s executive and director compensation proxy statement disclosure rules as compensation earned for services to the Company if the executive officer was a named executive officer as that term is defined in the SEC’s executive and director compensation proxy statement disclosure rules, and such compensation has been or will be approved, or recommended to Ameren’s Board of Directors for approval, by the Human Resources Committee of Ameren’s Board of Directors; or (5) compensation of or transaction with a director, if the compensation or transaction is or will be reported pursuant to the SEC’s executive and director compensation proxy statement disclosure rules.

A “Related Person” is defined as (1) each director, director nominee and executive officer of the Company, (2) any person who is known by the Company (or any subsidiary of the Company) to be the beneficial owner of more than five percent of any class of the Company’s voting securities, (3) immediate family members of the foregoing persons and (4) any entity in which any of the foregoing persons is a general partner or principal or in a similar position or in which such person and all of the other Related Persons have a ten percent or greater beneficial interest. “Immediate family member” is defined as any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the director, executive officer, nominee or more than five percent beneficial owner of the Company, and any person (other than domestic employees) sharing the household of such director, executive officer, nominee or more than five percent beneficial owner.

The Office of the Secretary of Ameren assesses whether a proposed transaction is a Related Person Transaction for purposes of the policy.

The policy recognizes that Related Person Transactions may, in some circumstances, be in the best interests of the Company and its shareholders.

The approval procedures in the policy identify the factors the Nominating and Corporate Governance Committee will consider in evaluating whether to approve or ratify Related Person Transactions or material amendments to pre-approved Related Person Transactions. The Nominating and Corporate Governance Committee will consider all of the relevant facts and circumstances available to the Nominating and Corporate Governance Committee, including (if applicable) but not limited to: the benefits to the Company; the actual or apparent conflict of interest of the Related Person in the event of the Related Person Transaction, including, but not limited to, the impact on a director’s independence; the availability and costs of other sources for comparable products or services; the terms of the transaction; the terms available to or from unrelated third parties or to employees generally; and an analysis of the significance of the transaction to both the Company and the Related Person. The Nominating and Corporate Governance Committee will approve or ratify only those Related Person Transactions (a) that are in compliance with applicable SEC rules and regulations, NYSE listing requirements and the Company’s policies, including but not limited to the code of ethics and (b) that are in, or are not inconsistent with, the best interests of the Company and its shareholders, as the Nominating and Corporate Governance Committee determines in good faith. The policy provides for the pre-approval by the Nominating and Corporate Governance Committee of certain Related Person Transactions up to one year prior to the commencement of the transaction. The Human Resources Committee will review and approve on an annual basis the compensation of each Company employee who is an immediate family member of a Company director or executive officer and whose total annual compensation exceeds $120,000.

During 2022, other than employment by the Company or its affiliates, the Company had no Related Person Transactions with directors and nominees for director and no Related Person Transactions are currently proposed.

Director Compensation

Directors who are employees or directors of Ameren or any of its subsidiaries receive no additional compensation for their services as Company directors. All nominees for director are employees of Ameren or its subsidiaries.

Other Matters

The Board of Directors does not know of any matter, other than the election of directors, which may be presented at the Annual Meeting.

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

The information contained in the following Human Resources Committee Report shall not be deemed to be “soliciting material” or “filed” or “incorporated by reference” in future filings with the SEC, or subject to the liabilities of Section 18 of the Exchange Act, except to the extent that the Company specifically incorporates it by reference into a document filed under the Securities Act of 1933, as amended, or the Exchange Act.

Human Resources Committee Report

The Human Resources Committee (the “Committee”) of Ameren Corporation’s (“Ameren”) Board of Directors discharges the Board’s responsibilities relating to compensation of Ameren Illinois Company’s (the “Company”) executive officers. The Committee approves and evaluates all compensation of executive officers, including salaries, bonuses and other compensation plans, policies and programs of the Company.

The Committee also fulfills its duties with respect to the Compensation Discussion and Analysis and Human Resources Committee Report portions of the information statement, as described in the Committee’s Charter. The Compensation Discussion and Analysis has been prepared by management of the Company and its affiliates.

The Committee met with management of the Company and its affiliates and the Committee’s independent consultant to review and discuss the Compensation Discussion and Analysis. Based on the foregoing review and discussions, the Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this information statement, and the Board approved that recommendation.

Ameren Human Resources Committee:

James C. Johnson, Chairman
Cynthia J. Brinkley
Richard J. Harshman
Steven H. Lipstein

Compensation Discussion and Analysis

This Compensation Discussion and Analysis (“CD&A”) describes the compensation decisions made for 2022 with respect to our named executive officers, or “NEOs,” which are listed in the following table.

NAMED EXECUTIVE OFFICERS

Named Executive Officer			Title
Leonard P. Singh			Chairman and President, Ameren Illinois*
Richard J. Mark			Chairman and President, Ameren Illinois*
Michael L. Moehn			Senior Executive Vice President and Chief Financial Officer, Ameren
Warner L. Baxter			Executive Chairman, Ameren
Martin J. Lyons, Jr.			President and Chief Executive Officer, Ameren
Chonda J. Nwamu			Executive Vice President, General Counsel and Secretary, Ameren

Mr. Singh succeeded Mr. Mark as Chairman and President of Ameren Illinois effective upon Mr. Mark’s retirement on August 1, 2022.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

2022 Executive Compensation Highlights

Ameren’s pay-for-performance program led to the following actual 2022 compensation being earned:

•

2022 annual short-term incentive base awards based on Ameren’s GAAP diluted earnings per share (“EPS”), safety and operational performance, customer-focused measures and diversity, equity and inclusion (“DE&I”) measures were earned at 140.7 percent of target, subject to the individual performance modifications discussed below. This payout reflected strong financial and operational performance by Ameren and its subsidiaries in 2022 that was due, in part, to the strong execution of Ameren’s strategy, including investing approximately $3.4 billion in capital projects, solid reliability of its operations for the benefit of customers, strong customer satisfaction, strong strategic capital allocation, disciplined cost management and achieving constructive state regulatory and federal legislative outcomes.

•

Ameren ranked first in Relative TSR compared to the defined TSR peer group over the three year-measurement period (2020-2022), primarily driven by share price appreciation of approximately 16 percent as well as strong dividend growth over the period. The January 1, 2020 PSU awards increased in value from $76.80 per share on the grant date to $88.92 per share as of December 31, 2022. Due to this strong TSR performance, the PSU long-term incentive awards tied to Relative TSR that were granted in 2020 were earned at 200 percent of target. This strong performance was attributable to the sustained execution of Ameren’s and its subsidiaries’ strategy that is delivering significant value to customers, the communities we serve and shareholders.

•

The PSU long-term incentive awards tied to Clean Energy Transition that were granted in 2020 were earned at 95 percent of target based on placing 708.2 MW of renewable generation and energy storage in service over the three-year measurement period (2020-2022). This performance, which was slightly below the target level of 738 MW, reflected our significant investments in two wind energy centers in Missouri.

Guiding Objectives

Our objective for compensation of the NEOs is to provide a competitive total compensation program that is based on the size-adjusted median of the compensation opportunities provided by similar utility companies, adjusted for our short- and long-term performance and the individual’s performance. The adjustment for our performance is intended to align the long-term interests of the NEOs with that of our shareholders to maximize shareholder value.

Ameren’s compensation philosophy and related governance features are executed by several specific policies and practices that are designed to align Ameren’s executive compensation with long-term shareholder interests, including:

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

What we do:

What we don’t do:

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.

Include in our short-term and long-term incentive awards “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.

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.

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.

Overview of Executive Compensation Program Components

In 2022, our compensation program for the NEOs consisted of several compensation elements, each of which is discussed in more detail below.

Type	Form	Terms
Fixed Pay	Base Salary	• Set annually by the Human Resources Committee based upon market data, executive performance and other factors.
Short-term incentives	Cash Incentive Pay	• Based upon Ameren’s EPS, safety performance, operational, customer and diversity measures with an individual performance modifier.
Long-term incentives	Performance Share Units (“PSUs”)	• 60% of the value of the 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. • 10% of the value of the 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).
Long-term incentives	Restricted Stock Units (“RSUs”)	• 30% of the value of the long-term incentive award is granted in the form of time-based RSUs. RSUs have a vesting period of approximately three years.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

Type	Form	Terms
Other	Retirement Benefits	• Employee benefit plans available to all employees, including 401(k) savings and pension plans. • Supplemental retirement benefits that provide certain benefits not available due to tax limitations. • 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.
	“Double-Trigger” Change of Control Protections	• 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.
	Limited Perquisites	• Limited perquisites to the NEOs, such as financial and tax planning.

Ameren also provides various health and welfare benefits to the NEOs on substantially the same basis as it provides to all salaried employees.

Each element is reviewed individually and considered collectively with other elements of Ameren’s compensation program to ensure that it is consistent with the goals and objectives of that particular element of compensation as well as Ameren’s overall compensation program.

Market Data and Compensation Peer Group

In October 2021, Meridian, the Committee’s independent consultant, collected and analyzed comprehensive data regarding similar utility industry companies, including base salary, target short-term incentives (non-equity incentive plan compensation) and long-term incentive opportunities. The data was obtained from a proprietary database maintained by Aon.

Compensation opportunities for the NEOs were compared to the size-adjusted median of the compensation opportunities for comparable positions provided by utility companies similar to Ameren (the “Market Data”), defined as regulated utility industry companies in a revenue size range approximately one-half to double Ameren’s size, with limited exceptions (Ameren’s “compensation peers”). To the extent utility industry data is not available or applicable, general industry data is used. The Committee’s independent consultant used statistical techniques to adjust the data to be appropriate for Ameren’s revenue size. Ameren’s compensation peers have a range of revenues, but because of the use of regression analysis, this did not necessarily impact the Market Data.

Ameren provides compensation opportunities at levels informed by the Market Data and designs its incentive plans to pay more or less than the target amount when performance is above or below target performance levels, respectively. Thus, Ameren’s plans are designed to result in payouts that are market-appropriate given its performance for that year or period.

The companies identified as the “compensation peers” used to develop 2022 compensation opportunities from the above-described data are listed in the graphic below. The list is subject to change each year depending on merger and acquisition activity, the availability of the companies’ data through Aon’s database and the continued appropriateness of the companies in terms of size and industry in relation to Ameren.

TSR Peer Group

For purposes of measuring Ameren’s relative TSR performance for the PSU awards, Ameren uses a distinct peer group (the “PSU Peer Group”) that overlaps with the “compensation peers” discussed above. The 2022 PSU Peer Group was established as of February 2022 using the following criteria:

•

Classified as a “Listed United States Power Company” within S&P Global Intelligence’s Market Intelligence database.

•

Market capitalization greater than $2 billion.

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

•

Minimum S&P credit rating of BBB- (investment grade).

•

Dividends flat or growing over the last twelve-month period.

•

Not an announced acquisition target.

•

Not undergoing a major restructuring.

The 18 companies included in the 2022 TSR Peer Group as of January 1, 2022, are listed in the graphic below. The TSR Peer Group companies are not entirely the same as the compensation peers used for market pay comparisons, because inclusion in this group was not dependent on a company’s revenues relative to Ameren or its participation in an executive pay database. The 2022 TSR Peer Group may be impacted by acquisition and restructuring events. Peer companies engaged in merger and acquisition (“M&A”) activities within the first 18 months of the performance period are eliminated from the peer group and peer companies engaged in M&A activities within the second 18 months of the performance period are fixed above or below Ameren based on relative TSR positioning 90 calendar days prior to a public announcement or reputable media or analyst report.

COMPARISON OF COMPENSATION PEER GROUP AND TSR PEER GROUP

Mix of Pay

Ameren believes that both cash compensation and non-cash compensation are appropriate elements of a market-competitive, performance-based, shareholder-aligned total rewards program. Cash compensation is short-term compensation (i.e., base salary and annual incentive awards), while non-cash compensation is generally long-term compensation (i.e., equity-based incentive compensation).

A significant percentage of total compensation is allocated to short-term and long-term incentives as a result of the philosophy mentioned above. During 2022, there was no pre-established policy or target for the allocation between either cash and non-cash or short-term and long-term compensation. The allocation between current and long-term compensation was based primarily on competitive market practices relative to base salaries, annual incentive awards and long-term incentive award values. By following this process, the impact on executive compensation is to increase the proportion of pay that is at risk as an individual’s responsibility within the Company increases and to create long-term incentive opportunities that exceed short-term opportunities for NEOs.

The following graphs summarize the mix of fixed and at-risk compensation, as well as the mix of cash and equity-based compensation, for the principal executive officer and the other NEOs based on full-year base salary, short-term incentive and long-term incentive

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

award opportunities. These graphs exclude the value of retention or other one-time awards. The figures for the Company’s Chairman and President reflect Mr. Singh’s annualized 2022 compensation opportunities and exclude one-time cash and equity awards in connection with his joining the Company. Mr. Mark’s annualized 2022 compensation package consisted of 28% fixed compensation and 72% at-risk compensation, of which 50% was cash-based compensation and 50% was equity-based compensation.

2022 Fixed Versus At-Risk Compensation

2022 Total Cash Versus Equity-Based Compensation

2022 Short-Term and Long-Term Incentive Compensation Targets

Name	Short-Term Incentive Targets*		Long-Term Incentive Targets*
Singh		75%		170%
Mark		75%		170%
Moehn		80%		300%
Baxter		100%		300%
Lyons		110%		375%
Nwamu		70%		165%

As a percentage of base salary.

Base Salary

Ameren’s base salary program is designed to reward the NEOs with market competitive salaries based upon role, experience, competence and sustained performance.

Ameren determines the amount for base salary by referencing the Market Data discussed above. Based on this data and the scope of each NEO’s role, a base salary range was established for each position at +/- 20 percent of the established market rate for the position. The base salary of each NEO is typically managed within this pay range.

In 2021, Mr. Warner L. Baxter (then-Chairman, President and Chief Executive Officer of Ameren) recommended a 2022 base salary increase for each of the other NEOs (other than Mr. Singh, who joined the Company in July 2022), considering the executive’s then-current salary in relation to the Market Data, experience and sustained individual performance and results. These recommendations,

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

which took into account the Market Data provided by the Committee’s compensation consultant, were presented to the Committee for discussion and approval at the December 2021 Committee meeting. Increases were approved based on the Market Data and base salary range, experience, individual performance and the need to retain an experienced team. Performance takes into account competence, initiative, leadership and contribution to achievement of our goals.

Short-Term Incentive Compensation

2022 Ameren Short-Term Incentive Plan

The Ameren Short-Term Incentive Plan (“STIP”) for 2022 was designed to reward the achievement of Ameren’s EPS performance goals, as well as the achievement of goals relating to safety performance, operational results, customer-focused measures, and DE&I results, with modifications based on individual performance. The STIP is designed to incentivize higher annual corporate and individual performance.

After considering overall company strategy, business needs and industry practices, the following change was made to the safety metric under the STIP, effective for 2022:

•

The overall weighting for safety metrics remained at 10%; however, the safety co-worker to co-worker (“c2c”) participation rate metric weight was reduced from 7.5 percent to 5 percent and the safety c2c coaching metric was replaced with a job-safety briefing c2c metric, weighted 5 percent. The payout for safety results will be capped at 150% of target if Ameren is not in the top quartile for overall safety results, as measured by lost workdays away.

How the STIP Works

The 2022 STIP was composed of the following components:

•

Ameren’s EPS (70% weight);

•

safety, as measured by safety c2c participation rate and job-safety briefing c2c interactions (10% weight);

•

operational performance, as measured by the Callaway Performance Index (“CPI”) (5% weight);

•

customer-focused measures, including quantitative measures relating to reliability and customer satisfaction (10% weight);

•

DE&I metrics, including quantitative measures relating to workforce diversity and supplier diversity (5% weight); and

•

an individual performance modifier.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

Targets for 2022 STIP Performance Metrics

The Committee approved the performance metrics to be included in the STIP, as well as established threshold, target and maximum levels of goals for each of the metrics. Payouts for each measure for performance falling between the established levels were interpolated on a straight-line basis. Following is a description of each metric, as well as key factors that the Committee considers in establishing the related goals:

Earnings Per Share

The STIP includes a principal focus on financial results as measured by Ameren’s EPS. The Committee believes EPS is a key indicator of financial strength and performance and is recognized as such by the investment community. The target EPS performance goal under the STIP is established based on the financial budget approved by the Board of Directors and is aligned with Ameren’s annual earnings guidance.

Safety Measures

The safety c2c participation rate measures the percentage of employees that have performed at least one c2c safety interaction during a month. A c2c safety interaction is a leading indicator for safety performance that reinforces safety as a core value by enabling employees to recognize and eliminate at-risk behaviors or conditions and reinforce safe behaviors in the workplace, ultimately improving safety outcomes. The 2022 safety c2c participation rate target was aligned with prior year results.

The job-safety briefing metric measures the number of job-safety briefing c2c interactions recorded during the calendar year. Job-safety briefing c2c’s are designed to improve the effectiveness of the job-safety briefing process by bringing focus to identifying and communicating hazards and developing risk mitigation strategies to reduce injuries. The 2022 job-safety briefings target was established to ensure that field based leaders would execute at least 50% of their c2c interactions on job safety briefings (compared to prior year total c2c interaction count).

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

Operational Measure

The CPI measures overall nuclear energy center performance through an industry standard index comprised of 12 safety and reliability measures. The CPI measures performance over a 12-month period. A higher CPI score indicates better performance. The 2022 CPI target was established based on the average CPI score achieved during the last three refueling outage years.

Customer-Focused Measures

SAIFI is a standard customer reliability measure that indicates how often the average customer experiences a sustained interruption over a one-year period. The measure excludes major events (for example, major storms) and is calculated consistent with the Institute of Electrical and Electronics Engineers standards. A lower SAIFI result indicates better performance. The 2022 SAIFI target represented a 2.4% improvement over the five-year SAIFI average and better than top quartile industry performance.

The JD Power Index measures the top drivers of residential customer satisfaction for the electric power industry, as well as overall satisfaction with each operating business segment. Customer satisfaction is measured based on power quality/reliability, price, billing and payment, communications, corporate citizenship and customer service. The metric is based on the average JD Power scores of Ameren Missouri and Ameren Illinois. The 2022 JD Power target was established based on achieving top quartile performance.

The Ameren Listens Survey measures our customers’ satisfaction with interactions with call center representatives. The score is calculated by the percentage of customers rating their satisfaction as 5 on a 5-point scale. The 2022 Ameren Listens target was established based on sustaining top decile performance.

Diversity, Equity & Inclusion Measures

The Supplier Diversity metric measures the overall total dollars (capital and O&M) that Ameren spends on goods and services with Tier 1 and Tier 2 suppliers who are for-profit businesses that are certified as at least 51% owned, operated and controlled by women, minorities and/or veterans. The 2022 Supplier Diversity target represented a 14.6% increase over the prior year target and was established based on achieving performance above top quartile.

The Workforce Diversity metric measures the percentage of leadership positions filled during the Plan year that included a qualified and diverse slate of candidates when interviews were conducted. A diverse candidate slate includes one or more qualified females, racially and/or ethnically diverse, protected veteran, and/or individuals with disabilities. The 2022 Workforce Diversity metric target takes into account prior year results, as well as the talent pool and roles Ameren and its subsidiaries expected to be hiring for in 2022.

Individual Performance Modifier

The 2022 STIP base award for each NEO was subject to upward or downward adjustment for individual performance on key performance variables. These included leadership and the achievement of key operational goals (other than those specifically mentioned in the plan), as applicable and as determined by the Committee. The individual performance modifier for the CEO is recommended by the Executive Chairman and is determined by the Committee in its sole discretion. The individual performance modifier for the Executive Chairman is determined by the Committee in its sole discretion without involvement of the Executive Chairman or the CEO.

Historically, the Individual Performance Modifier has been used to differentiate performance that is considerably above or below expectations. Such differentiations do not lend themselves to formulas and are applied at the Committee’s discretion.

The Individual Performance Modifier could reduce the base award by up to 25 percent, with the ability to pay zero for poor or non-performance. Increases could be up to 25 percent of the base award, with a potential maximum total award at 200 percent of each NEO’s target opportunity.

Base Award Earned through the Achievement of 2022 STIP Performance Measures

At the February 2023 Committee meeting, Ameren’s management presented 2022 STIP performance metric achievement levels and Mr. Lyons recommended STIP payouts for the NEOs (other than with respect to himself and Mr. Baxter) to the Committee for review. The final performance results approved by the Committee are shown in the table below.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

[MISSING IMAGE: fc_performancemetric-pn.jpg]

Actual performance results for the 2022 c2c participation rate would result in a 178% payout and actual results for the 2022 job-safety briefing c2c interactions would result in a 200% payout; however, under the terms of the 2022 STIP, both safety metrics are capped at 150% payout because 2022 lost workdays away (“LWA”) performance results were below top quartile based on EEI LWA data.

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

Earned through Individual Performance Modifier

As discussed above, the 2022 STIP base awards were subject to upward or downward adjustment by up to 25 percent based upon an NEO’s individual contributions and performance on certain key performance variables during the year. For 2022, the Committee, after consultation with Mr. Lyons, increased the 2022 STIP base award for each of Mr. Mark, Mr. Singh and Ms. Nwamu by 5 percent and for Mr. Moehn by 10 percent. The Committee increased the 2022 STIP base award for Mr. Baxter and Mr. Lyons by 10 percent.

Resulting 2022 STIP Payouts

Actual 2022 STIP payouts are shown below as a percent of target. Payouts were made in February 2023, and are set forth under column (g) entitled Non-Equity Incentive Plan Compensation in the Summary Compensation Table.

Name	Final Payout as Percent of Target
Singh		147.7%
Mark		147.7%
Moehn		154.8%
Baxter		154.8%
Lyons		154.8%
Nwamu		147.7%

Long-Term Incentive Compensation

The Ameren Long-Term Incentive Program (“LTIP”) is intended to reward NEOs for their contributions to Ameren’s long-term success by providing the opportunity to earn shares of Ameren common stock.

Role of the LTIP

The design of the 2022 LTIP is substantially similar to the 2021 program. The 2022 LTIP awards, which are governed by the shareholder-approved 2022 Plan or 2014 Plan, as applicable, are designed to serve the following roles in the compensation program:

•

Align with shareholder interests: PSU and RSU awards are denominated in Ameren common stock units and paid out in shares of Ameren common stock. Payout of PSUs is dependent on (i) Ameren’s TSR compared to the returns of the PSU Peer Group over a three-year performance period (60% of the overall grant value), (ii) achievement of Clean Energy Transition goals (10% of the overall grant value), and (iii) continued employment through the payment date (the “PSU vesting period”). RSUs, which account for 30% of the value of the 2022 LTIP grants, are the right to receive a share of Ameren common stock subject to continued employment through the payment date in March of the third calendar year following the grant date (the “RSU vesting period”).

•

Reinforce long-term focus: Continue to drive company strategy and critical success measures over the vesting period.

•

Share the value created for shareholders: Share Ameren common stock price increases, decreases and dividends over the vesting period.

•

Promote stock ownership: Payout of earned PSU and RSU awards is made 100% in Ameren common stock, with the dividends on common stock, as declared and paid, reinvested into additional PSUs and RSUs throughout the vesting period.

•

Promote retention of executives during the vesting period: Annual competitive grants provide incentive for executives to stay with the Company during the vesting period.

•

Be competitive with market practice: The majority of regulated utility companies use a mix of PSUs and RSUs, as well as the TSR performance measure.

2022 Grants

For 2022, a target number of PSUs and RSUs (determined primarily based on the Market Data mentioned above) was granted to each NEO pursuant to the 2022 Plan or the 2014 Plan, as applicable, as reflected in columns (g) and (i) of the Grants of Plan-Based Awards

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

Table. The threshold and maximum amounts of payout for the 2022 PSU awards are reflected in columns (f) and (h) of the Grants of Plan-Based Awards Table (not including any potential dividends).

The following chart illustrates how the target number of PSUs and the number of RSUs are calculated:

•

RSUs are subject to a time-based vesting period of approximately three years.

•

PSUs are earned based on the achievement of specific performance criteria over the three-year performance period.

•

PSUs tied to relative TSR represent 60% of the total 2022 grant value. The NEOs’ actual number of 2022 PSUs earned, tied to relative TSR, will vary from 0 percent to 200 percent, based on our 2022-2024 TSR measured relative to the TSR Peer Group.

•

TSR is calculated as the change in the 30-trading-day average of the stock price prior to the beginning of the award period and the 30-trading-day average of the stock price prior to the end of the award period, plus dividends paid (assuming reinvestment on each company’s ex-dividend date), divided by such beginning average stock price.

•

PSUs tied to Clean Energy Transition goals represent 10% of the total 2022 grant value. The NEOs’ actual number of 2022 PSUs earned, tied to Clean Energy Transition, will vary from 0 percent to 200 percent based on pre-established goals related to the total MW tied to renewable generation, energy storage additions and coal-fired energy center retirements. This measure includes MW associated with new wind, solar, hydro, biomass, landfill gas and energy storage added to Ameren’s generation portfolio over the three-year period.

•

For both PSUs and RSUs:

•

The actual number of shares earned will be contingent on continued employment through the payment date (other than with respect to death, disability, an eligible retirement or qualifying termination under a change of control, as described in more detail under “Potential Payments upon Termination or Change in Control”). An eligible retirement is defined as retiring at age 55 or greater with at least 5 years of service.

•

Payouts include additional units equivalent to any dividends accrued and reinvested during the vesting period relating to the number of PSUs and RSUs actually earned.

•

Vesting occurs on the payment date.

The NEOs cannot vote or transfer share unit awards granted under the LTIP until the shares are paid out.

PSU Performance/Payout Relationship (Relative TSR)

Once Ameren’s 2022-2024 TSR is calculated and compared to the TSR Peer Group, the scale below determines the percentage of the target PSU award that is paid. Payout for performance between points is interpolated on a straight-line basis.

Relative TSR Performance	Payout (% of PSUs Granted)
90th percentile +	200%	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 PSU Peer Group.
70th percentile	150%
50th percentile	100%
25th percentile	50%
Below 25th percentile	0%

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

PSU Performance/Payout Relationship (Clean Energy Transition)

Final Clean Energy Transition results are calculated and compared to the pre-established goals for the 2022-2024 performance period to determine the percentage of the target PSU award that is paid based on the scale below. Payout for performance between points is interpolated on a straight-line basis.

	Performance Level (Total MWs)			Payout (% of PSUs Granted)
	Maximum			200%
	Target			100%
	Threshold			50%
	Below Threshold			0%

2020 PSU Awards Vesting (Relative TSR)

The PSU performance period for the 2020 grants ended December 31, 2022. Our 2020-2022 TSR performance was determined to be at the 100th percentile of the 2020 TSR Peer Group. The following table shows the 2020 PSU awards, their original value at grant, the number earned (which equals the target number plus accrued dividends, times 200 percent), and their value at year-end (December 31, 2022). The resulting earned amounts were 250 percent of the original target value of the 2020 awards, which reflects both TSR performance against the TSR Peer Group and the actual TSR generated during the three-year period, including dividends earned and reinvested and stock price appreciation.

Vesting of the awards for each NEO is subject to continued employment as of the payment date. Except for Mr. Singh, who joined the Company in July 2022 and accordingly did not receive a 2020 long-term incentive award, each NEO’s 2020 PSU award vested as of February 28, 2023.

Name	Grant Date		Target 2020 PSU (TSR) Awards (#)		Target Value at Stock Price on Date of Grant(1) ($)		2020 PSU (TSR) Awards Earned(2) (#)		Value at Year-End Stock Price(3) ($)		Earned Value as Percent of Original Target Value(3) (%)
Mark(4)		1/1/2020		7,528		578,150		14,007		1,245,502		215
Moehn		1/1/2020		16,755		1,286,784		36,234		3,221,927		250
Baxter		1/1/2020		41,488		3,186,278		89,720		7,977,902		250
Lyons		1/1/2020		17,712		1,360,282		38,303		3,405,903		250
Nwamu		1/1/2020		6,283		482,534		13,587		1,208,156		250

(1)

Valuations are based on $76.80 per share, the closing price of Ameren common stock on the NYSE as of December 31, 2019, the last trading day preceding the grant date.

(2)

The number of 2020 PSU awards earned includes dividend equivalents, equal to approximately an additional 8.1 percent of the shares earned, which accrued and were reinvested throughout the three-year performance period.

(3)

Valuations are based on $88.92 per share, the closing price of Ameren common stock on the NYSE as of December 30, 2022, the last trading day during the performance period. The earned value percentage represents a TSR PSU payout of 200 percent, dividend accumulation of approximately 8.1 percent and stock price appreciation of approximately 16 percent from the grant date to the December 30, 2022 valuation.

(4)

Mr. Mark’s earned award was pro-rated to reflect his retirement effective August 1, 2022.

2020 PSU Awards Vesting (Clean Energy Transition)

The Clean Energy Transition performance period for the 2020 grants ended December 31, 2022. For the 2020-2022 performance period, Ameren placed 708.2 MW of renewable generation and energy storage in service, compared to the target goal of 738 MW, resulting in a payout of 95.0 percent. The following table shows the 2020 PSU awards, their original value at grant, the number earned (which equals the target number plus accrued dividends, times 95.0 percent), and their value at year-end (December 31, 2022). The resulting earned amounts were 119 percent of the original target value of the 2020 Clean Energy Transition PSU awards, which reflects final Clean Energy results, including dividends earned and reinvested, and stock price appreciation.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

Name	Grant Date		Target 2020 PSU (Clean Energy) Awards (#)		Target Value at Stock Price on Date of Grant(1) ($)		2020 PSU (Clean Energy) Awards Earned(2) (#)		Value at Year-End Stock Price(3) ($)		Earned Value as Percent of Original Target Value(3) (%)
Mark(4)		1/1/2020		1,255		96,384		1,109		98,612		102
Moehn		1/1/2020		2,793		214,502		2,869		255,111		119
Baxter		1/1/2020		6,915		531,072		7,103		631,599		119
Lyons		1/1/2020		2,952		226,714		3,032		269,605		119
Nwamu		1/1/2020		1,047		80,410		1,075		95,589		119

(1)

Valuations are based on $76.80 per share, the closing price of Ameren common stock on the NYSE as of December 31, 2019, the last trading day preceding the grant date.

(2)

(3)

Valuations are based on $88.92 per share, the closing price of Ameren common stock on the NYSE as of December 30, 2022, the last trading day during the performance period. The earned value percentage represents a Clean Energy PSU payout of 95.0 percent, dividend accumulation of approximately 8.1 percent and stock price appreciation of approximately 16 percent from the grant date to the December 30, 2022 valuation.

(4)

Mr. Mark’s earned award was pro-rated to reflect his retirement effective August 1, 2022.

2022 Sign-On and Retention Awards

In May 2022, the Committee approved the grant of a one-time RSU award for Ms. Nwamu, whose strong performance and leadership skills are integral to the execution of Ameren’s long-term business strategy and the delivery of superior value to Ameren’s customers and shareholders. The award, which is included in column (e) of the Summary Compensation Table, was granted effective as of May 12, 2022, had an initial target value of $600,000, and will vest on May 11, 2025. The award does not provide for pro rata vesting in connection with Ms. Nwamu’s retirement.

In June 2022, in connection with his joining the Company and to offset certain forfeited compensation awarded by his prior employer, the Committee approved sign-on bonus awards for Mr. Singh consisting of (i) a cash bonus of $500,000, of which $250,000 was paid in July 2022 and is reflected in column (d) of the Summary Compensation Table, and of which $250,000 will be payable within 30 days of July 1, 2023, and (ii) one-time RSU awards. The RSU awards, which are included in column (e) of the Summary Compensation Table, were granted effective as of July 1, 2022, had an initial aggregate target value of $600,000, and will vest in equal installments on February 29, 2024, and February 28, 2025. The RSU awards do not provide for pro rata vesting in connection with Mr. Singh’s retirement.

2023 Incentive Compensation Program Changes

After considering overall strategy, business needs and industry practices, the safety metrics under the Short-Term Incentive Program for 2023 was modified as follows:

•

The safety c2c participation rate will be measured based on the percentage of all workgroups that achieve at or above the established c2c participation rate target for 2023.

•

The job-safety briefing observations results will be measured based on the percentage of field work groups that achieve at or above their established job-safety briefing observations target.

•

The cap on safety payout is reduced from 150% to 100% and will apply if overall safety performance for 2023 as measured by the Serious Injury & Fatality (SIF) rate is below pre-established target performance. Prior to 2022, the cap on safety payout was based on LWA Rate performance and was capped at 150%.

No changes were made to the design of the Long-Term Incentive Program for 2023.

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

Perquisites

Ameren provides limited perquisites (such as financial and tax planning) to provide competitive value and promote retention of the NEOs and others. Other than with respect to executive relocation expenses, Ameren does not provide any tax “gross-up” payments with respect to any perquisites.

Retirement Benefits

The objective of retirement benefits is to provide post-employment security to employees of Ameren and its subsidiaries and such benefits are designed to reward continued service. We choose to provide these benefits as an essential part of a total compensation package to remain competitive with those packages offered by other companies, particularly utilities.

There are several retirement benefit programs applicable to the NEOs, including:

•

Ameren’s 401(k) savings and cash balance retirement plans;

•

Supplemental Retirement Plans (together, the “SRP”) that provide the NEOs a benefit equal to the difference between the benefit that would have been paid if Internal Revenue Code (“IRC”) limitations were not in effect and the reduced benefit payable as a result of such IRC limitations; and

•

a deferred compensation plan that provides the opportunity to defer part of base salary and all or a portion of non-equity incentive compensation, as well as earnings thereon. Beginning with plan years commencing on and after January 1, 2010, this includes deferrals of cash compensation above IRC limitations, together with Ameren matching credits on these deferrals.

A more detailed explanation of retirement benefits applicable to the NEOs is provided in this information statement under the captions “Compensation Tables and Narrative Disclosures — Pension Benefits” and “Compensation Tables and Narrative Disclosures — Nonqualified Deferred Compensation” below.

Human Resources Committee Governance Practices

Ameren’s Human Resources Committee engages an independent compensation consultant to provide professional advice. It is the Committee’s view that its compensation consultant should be able to render candid and expert advice independent of management’s influence. In February 2023, the Committee approved the continued engagement of Meridian as its independent compensation consulting firm. In its decision to retain Meridian as its independent compensation consultant, the Committee gave consideration to a broad range of attributes necessary to assist the needs of the Committee in setting compensation, including:

•

a track record in providing independent, objective advice;

•

broad organizational knowledge;

•

industry reputation and experience;

•

in-depth knowledge of competitive pay levels and practices; and

•

responsiveness and working relationship.

Meridian representatives attended six of the seven Ameren Human Resources Committee meetings during 2022. At the Human Resources Committee’s request, the consultant met regularly with the Committee members outside the presence of management, and spoke separately with the Committee Chair and other Committee members.

During 2022, the Committee requested of Meridian the following items:

market pay and market trend analyses, which assisted the Committee in targeting executive compensation at the desired level versus market;

comparisons of short-term incentive payouts and financial performance to utility peers, which the Committee uses to evaluate prior-year short-term incentive goals and set future short-term incentive goals;

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

preparation of tally sheets of compensation components, which the Committee uses to evaluate the cumulative impact of prior compensation decisions;

review of and advice on the Compensation Discussion and Analysis section included in Ameren’s proxy statement to ensure full, accurate and clear disclosure, and other executive compensation-related proxy statement items;

advice in connection with the Committee’s risk analysis of Ameren’s and its subsidiaries’, including the Company’s, compensation policies and practices, in furtherance of the Committee’s responsibilities pursuant to its charter;

advice in connection with preparation of the 2022 Plan, which was approved by Ameren’s shareholders at its 2022 Annual Meeting; and

regular updates on legislative, regulatory and proxy advisor trends and developments;

advice with respect to legal, regulatory and/or accounting considerations impacting Ameren’s compensation and benefit programs, to ensure the Committee is aware of external views regarding the programs; and

other requests relating to executive compensation issues.

Other than services provided to Ameren’s Human Resources Committee as set forth above and for Ameren’s Nominating and Corporate Governance Committee as described below, Meridian did not perform any other services for Ameren or any of its subsidiaries, including the Company, in 2022.

Pursuant to its letter agreement with Ameren’s Human Resources Committee, if Ameren or management of Ameren proposes that Meridian perform services for Ameren or management of Ameren other than in Meridian’s retained role as consultant to the Committee and Ameren’s Nominating and Corporate Governance Committee, any such proposal is required to be submitted to the Human Resources Committee for approval before such services begin.

In February 2023, the Nominating and Corporate Governance Committee also approved the continued engagement of Meridian as its independent consulting firm with respect to director compensation matters.

Each of Ameren’s Human Resources Committee and Nominating and Corporate Governance Committee has procedures for the purpose of determining whether the work of any compensation consultant raises any conflict of interest. Pursuant to such procedures, in February 2023, each such committee considered various factors, including the six factors mandated by SEC rules, and determined that with respect to executive and director compensation-related matters, no conflict of interest was raised by the work of Meridian.

Delegation of Authority

Ameren’s Human Resources Committee has delegated authority to Ameren’s Administrative Committee, comprised of designated members of Ameren’s management, to approve changes, within specified parameters, to certain of Ameren’s and the Company’s retirement plans. It has also delegated authority to management to make pro-rata equity grants to employees (other than Section 16 Officers), who are newly eligible for the LTIP, and for participants who are promoted during the plan year. In addition, Ameren’s Human Resources Committee has delegated to Ameren’s Chief Executive Officer the authority to make discretionary grants of equity awards from a pre-authorized pool of shares of Ameren common stock to employees who are not Section 16 Officers. These grants are reviewed periodically by the Human Resources Committee. Ameren ensures the total value of the equity grants made by the Chief Executive Officer does not exceed a specified limit.

Human Resources Committee Interlocks and Insider Participation

No current member of Ameren’s Human Resources Committee of the Board of Directors (Ms. Brinkley and Messrs. Johnson, Harshman and Lipstein) was at any time during 2022 or at any other time an officer or employee of Ameren or its subsidiaries, including the Company, and no member had any relationship with Ameren or its subsidiaries, including the Company, requiring disclosure under applicable SEC rules.

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

No executive officer of Ameren or its subsidiaries, including the Company, has served on the board of directors or compensation committee of any other entity that has or has had one or more executive officers who served as a member of the Board of Directors of Ameren or its subsidiaries, including the Company, or Ameren’s Human Resources Committee during 2022.

Timing of Compensation Decisions and Awards

Ameren’s Board and the Committee establish meeting schedules annually, well in advance of each meeting, to ensure a thorough and thoughtful decision process. Incentive compensation awards are typically made at regularly scheduled meetings.

The following is a discussion of the timing of certain compensation decisions for 2022:

•

the NEOs’ base salaries for 2022 were reviewed and a 2022 base salary increase for each of the NEOs was approved at the December 2021 Committee meeting, as discussed under “— Base Salary” above;

•

2022 STIP target opportunities (as a percentage of base salary) were established for the NEOs at the December 2021 Committee meeting;

•

the range of 2022 STIP EPS, safety, operational, customer-focused, and DE&I measures for 2022 were set at the February 2022 Committee meeting;

•

2022 PSU and RSU grants to the NEOs under the 2022 LTIP were approved at the February 2022 Committee meeting;

•

Mr. Singh’s compensation, including his base salary, short- and long-term incentive target opportunities, cash and RSU sign-on awards and 2022 LTIP awards, was approved by the Committee in June 2022, effective as of July 1, 2022; and

•

The 2022 retention RSU grant to Ms. Nwamu was approved at the May 2022 Committee meeting; and

•

The final determinations of the 2022 STIP and 2020 PSU payouts were made at the February 2023 Committee meeting.

Decisions relating to material elements of compensation are fully deliberated by the Committee, including, when appropriate, over the course of several Committee meetings. This allows for any follow-up to questions from Committee members in advance of a final decision. In 2023, the Committee approved the annual long-term incentive grants at its February meeting and expects to continue this practice. The Committee also expects to continue to establish base salaries at its December meeting each year, with such base salaries to be effective in January of the following year.

Other Considerations for Changes in Compensation Opportunities

Market Data, retention needs and general economic conditions have been the primary factors considered in decisions to increase or decrease compensation opportunities. Corporate and individual performance are the primary factors in determining the ultimate value of those compensation opportunities. +

Role of Executive Officers

In establishing compensation amounts for 2022, then-Chief Executive Officer Mr. Baxter, with the assistance of the Senior Vice President, Corporate Communications and Chief Human Resources Officer of Ameren Services, Mark C. Lindgren, recommended to the Committee compensation amounts for the other NEOs. The Chief Executive Officer makes recommendations to the Committee with respect to the compensation of the NEOs (other than himself and the Executive Chairman) and other senior executives. The Chief Executive Officer possesses insight regarding individual performance levels, degree of experience and future promotion potential. In all cases, the Chief Executive Officer’s recommendations are presented to the Committee for review based on the Market Data provided by the Committee’s independent consultant. The Committee independently determines each NEO’s compensation, as discussed in this CD&A.

Ameren’s Executive Chairman, Chief Executive Officer, and other NEOs and other senior executives play a role in the early stages of design and evaluation of our compensation programs and policies. Because of their extensive familiarity with our business and corporate culture, these executives are in the best position to suggest programs and policies to the Committee and the independent consultant

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

that will engage employees and provide effective incentives to produce outstanding financial and operating results for Ameren and its subsidiaries, including the Company, and their shareholders.

Other Compensation Matters

Neither Ameren nor the Company has any written or unwritten employment agreements with any of the NEOs. Each NEO is an employee at the will of the Company.

Severance

All officers of the Company participate in the Ameren Corporation Severance Plan for Ameren Officers (the “Officer Severance Plan”). The primary purpose of the Officer Severance Plan is to facilitate mid-career hires and act as a retention tool during times of uncertainty. The Officer Severance Plan provides market-level pay and benefits to officers and NEOs in the event of an involuntary termination of employment without “Cause”, as defined in the Officer Severance Plan. The Officer Severance Plan provides, subject to the officer’s execution of a release of claims against us, for a lump sum payment that is generally equal to annual base salary plus target annual cash incentive award in effect at termination of employment, a pro-rated annual incentive payment based on actual plan performance, continuation of medical coverage for 12 months subsidized by Ameren, and outplacement career transition services. Upon a change of control, officers who are eligible for severance pay and benefits under Ameren’s Second Amended and Restated Change of Control Severance Plan, as amended, would be entitled to the greater of the benefits available under that plan or the Officer Severance Plan, but would not receive benefits under both plans. Ameren’s Human Resources Committee may amend, suspend or terminate the Officer Severance Plan at any time, provided that twelve months’ notice is required if the amount of potential severance pay and benefits is to be reduced.

Change of Control

Ameren’s Second Amended and Restated Change of Control Severance Plan, as amended, is designed to reward NEOs for remaining employed with us when their prospects for continued employment following a transaction may be uncertain. The objectives of this plan are to maintain a stable executive team during the process and to assist us in attracting highly qualified executives into the Company.

Change of Control protections provide, subject to the officer’s execution of a release of claims against us, severance pay and, in some situations, vesting or payment of long-term incentive awards, upon a Change of Control of Ameren. The arrangements provide market-level payments in the event of an involuntary termination not for “Cause” or a voluntary termination for “Good Reason.” Definitions of “Change of Control,” “Cause” and “Good Reason,” as well as more complete descriptions of Change of Control protections, are found below under the caption “Compensation Tables and Narrative Disclosures — Potential Payments upon Termination or Change of Control.”

The applicable triggers are structured so that payment and vesting occur only upon the occurrence of both a change of control and a qualifying termination of employment.

Ameren expects it would take more time for senior leaders to find new employment than for other employees. Therefore, upon termination due to change of control, senior management, including the NEOs, generally are paid severance for a longer period than other employees. The Committee considered this as well as the factors described in the preceding paragraphs in structuring the cash payments described under “Compensation Tables and Narrative Disclosures — Potential Payments upon Termination or Change of Control — Change of Control” below, which an NEO would receive if terminated within two years following a Change of Control.

Ameren Anti-Pledging and Anti-Hedging Policies

Ameren maintains policies that prohibit executive officers and directors from engaging in pledges of Ameren securities or short sales, margin accounts and hedging or derivative transactions with respect to Ameren securities. In addition, Ameren’s policies prohibit Company directors and employees, including executive officers, from entering into any transaction which hedges (or offsets) any decrease in the value of Ameren equity securities as discussed under “SECURITY OWNERSHIP — Securities of Ameren” below.

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

Clawback

Awards granted under the 2022 Plan and the 2014 Plan, including STIP and PSU awards, are subject to a “clawback” in certain circumstances. If Ameren is required to prepare an accounting restatement due to the material noncompliance of Ameren, as a result of misconduct, with any financial reporting requirement under the securities laws, and if an award holder knowingly or with gross negligence engaged in or failed to prevent the misconduct, or if the award holder is one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002, the award holder will be required to reimburse Ameren the amount of any payment in settlement of an award earned or accrued during the 12-month period following the first public issuance or filing of the financial document embodying the financial reporting requirement.

In addition, under the terms of the STIP, PSU and RSU awards, if the award holder engages in conduct or activity that is detrimental to Ameren or violates the confidentiality or customer or employee non-solicitation provisions included in the award, generally, the award holder will be required to repay the award to Ameren after receiving a demand from Ameren for the repayment.

The SEC recently adopted rules that direct the NYSE to establish listing standards that require listed issuers, such as Ameren, to adopt and comply with written clawback policies meeting certain conditions. Ameren intends to adopt a clawback policy to comply with the NYSE’s new listing standards once they become effective.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

Compensation Tables and Narrative Disclosures

The following table sets forth compensation information for our NEOs for services rendered in all capacities to the Company and its affiliates, including Ameren, in fiscal years 2022, 2021 and 2020. You should refer to the section entitled “COMPENSATION DISCUSSION AND ANALYSIS” above for an explanation of the elements used in setting the compensation for our NEOs.

2022 SUMMARY COMPENSATION TABLE

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) ($) (g)		All Other Compensation(2)(6) ($) (h)		Total ($) (i)
Leonard P. Singh Chairman and President, Ameren Illinois		2022		280,000		250,000		1,102,743		312,800		27,249		136,022		2,108,814


Richard J. Mark Chairman and President, Ameren Illinois		2022		400,647		—		1,029,738		376,500		8,443		69,503		1,884,831
		2021		566,000		—		1,031,102		564,900		257,535		79,466		2,499,003
		2020		555,000		—		1,006,367		427,000		401,956		66,608		2,456,931
Michael L. Moehn Senior Executive Vice President and Chief Financial Officer, Ameren		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
		2020		700,000		—		3,640,008		577,000		668,523		82,223		5,667,754
Warner L. Baxter Executive Chairman, Ameren		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
		2020		1,300,000		—		5,546,556		1,643,100		1,374,401		194,296		10,058,353
Martin J. Lyons, Jr. President and Chief Executive Officer, Ameren		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
		2020		740,000		—		3,847,898		610,000		774,416		93,454		6,065,768
Chonda J. Nwamu Executive Vice President, General Counsel and Secretary, Ameren		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
		2020		525,000		—		840,000		346,200		222,287		27,074		1,960,561

(1)

Includes compensation received as an officer of Ameren and /or its subsidiaries (including Ameren Illinois). Mr. Singh was not an NEO for 2021 or 2020; he succeeded Mr. Mark as Chairman and President of the Company in connection with Mr. Mark’s retirement, effective August 1, 2022. Mr. Baxter was elected Executive Chairman of Ameren effective January 1, 2022; he previously served as Chairman, President and Chief Executive Officer of Ameren. Mr. Lyons was elected President and Chief Executive Officer of Ameren effective January 1, 2022; he previously served as Chairman and President of Ameren Missouri.

(2)

Column (c) includes a lump sum payment of $59,397 for accrued vacation time that was made to Mr. Mark in connection with his retirement, effective August 1, 2022. Column (d) includes amounts paid to Mr. Singh pursuant to a sign-on and retention bonus agreement entered into on July 1, 2022. Other cash compensation received by each NEO for fiscal years 2022, 2021 and 2020 is found in the Salary or Non-Equity Incentive Plan Compensation column of this table. The amounts paid under the STIP, which would generally be considered “bonus” awards, are found under Non-Equity Incentive Plan Compensation in column (f).

(3)

The amounts in column (e) represent the aggregate grant date fair value, as computed in accordance with authoritative accounting guidance, of PSU and RSU awards under the 2022 Plan or 2014 Plan, as applicable, without regard to estimated forfeitures related to service-based vesting conditions. For the PSU grants based on TSR, the calculations reflect an accounting value of 105.7 percent of the target value for the 2022 grants, 111.6 percent of the target value for the 2021 grants, and 107.4 percent of the target value for the 2020 grants. For the PSU grants based on the Clean Energy Transition metric and the RSU grants (including the RSU retention awards for Messrs. Lyons and Moehn in 2020 and for Ms. Nwamu in 2022, and the RSU sign-on awards for Mr. Singh in 2022), the calculations reflect an accounting value equal to the closing price

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

of Ameren’s common stock as of the last trading day preceding the grant date. Assumptions used in the calculation of the amounts in column (e) are described in Note 11 to our audited financial statements for the fiscal year ended December 31, 2022, included in our 2022 Form 10-K. The aggregate value of the 2022 PSU and RSU awards, calculated assuming maximum performance and excluding dividends, is as follows: Mr. Singh — $1,456,944; Mr. Mark — $1,760,824; Mr. Moehn — $4,169,834; Mr. Baxter — $5,311,961; Mr. Lyons — $7,303,692; and Ms. Nwamu — $2,353,015.

The amounts reported for PSU and RSU award grants in column (e) do not reflect actual compensation realized by the NEOs and are not a guarantee of the amount that the NEO will actually receive from the grant of the awards. The actual compensation realized by the NEOs will be based upon the share price of Ameren’s common stock at payout. The PSU performance periods for the 2021 and 2022 grants will not end until December 31, 2023 and December 31, 2024 respectively, and, as such, the actual value, if any, of the PSU awards will generally depend on Ameren’s achievement of certain performance measures during these periods. For information regarding the terms of the awards, the description of vesting conditions, and the criteria for determining the amounts payable, including 2020 PSU awards granted to each NEO, see “— COMPENSATION DISCUSSION AND ANALYSIS.”

(4)

Represents payouts for performance under the applicable year’s short-term incentive award program. See “— COMPENSATION DISCUSSION AND ANALYSIS” for a discussion of how amounts were determined for 2022.

(5)

Amounts shown in column (g) are the sum of (1) the increase (if any) in the actuarial present value of each NEO’s accumulated benefit under all defined benefit pension plans (including the SRP) from December 31 of the prior fiscal year to December 31 of the applicable fiscal year and (2) the above-market portion of interest determined in accordance with SEC disclosure rules as the difference between the interest credited at the rate in the Company’s deferred compensation plan and interest that would be credited at 120 percent of the AFR published by the Internal Revenue Service (“IRS”) and calculated as of December 2021, for the year ended December 31, 2022, as of December 2020, for the year ended December 31, 2021 and as of December 2019 for the year ended December 31, 2020. The table below shows the allocation of these amounts for each NEO. For 2022, the applicable interest rate for the deferred compensation plan was 4.01 percent for amounts deferred prior to January 1, 2010 and 2.28 percent for amounts deferred on or after January 1, 2010. The above-market earnings are calculated using those applicable interest rates minus 120 percent of the AFR of 2.28 percent published by the IRS and calculated as of December 2021. For 2021, the applicable interest rate for the deferred compensation plan was 3.81 percent for amounts deferred prior to January 1, 2010 and 1.58 percent for amounts deferred on or after January 1, 2010. The above-market earnings are calculated using those applicable interest rates minus 120 percent of the AFR of 1.58 percent published by the IRS and calculated as of December 2020. For 2020, the applicable interest rate for the deferred compensation plan was 5.21 percent for amounts deferred prior to January 1, 2010 and 2.52 percent for amounts deferred on or after January 1, 2010. The above-market earnings are calculated using those applicable interest rates minus 120 percent of the AFR of 2.52 percent published by the IRS and calculated as of December 2019.

Name	Year		Pension Plan Increase ($)		Deferred Compensation Plan Above-Market Interest ($)
Singh		2022		27,249		—
		2021		—		—
		2020		—		—
Mark		2022		(179,318)		8,443
		2021		239,347		18,188
		2020		381,104		20,852
Moehn		2022		(751,962)		7,980
		2021		193,311		9,909
		2020		657,163		11,360
Baxter		2022		(997,492)		31,186
		2021		514,419		38,723
		2020		1,330,006		44,395
Lyons		2022		(810,311)		—
		2021		231,240		—
		2020		774,416		—
Nwamu		2022		(119,091)		—
		2021		159,174		—
		2020		222,287		—

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

For assumptions and methodology regarding the determination of pension values, please refer to the footnotes under the Pension Benefits Table.

(6)

The amounts in column (h) reflect required employer contributions allocated by Ameren to each NEO pursuant to Ameren’s 401(k) savings plan, which is available to all eligible employees, and the cost of insurance premiums paid by Ameren with respect to term life insurance, which amount each NEO is responsible for paying income tax. In 2022, Ameren’s 401(k) employer contributions, including the 401(k) Restoration Benefit as described in “— NONQUALIFIED DEFERRED COMPENSATION — Executive Deferred Compensation Plan Participation” below, for each of the NEOs were as follows: Mr. Singh — $8,505; Mr. Mark — $43,450; Mr. Moehn — $69,728; Mr. Baxter — $145,080; Mr. Lyons — $85,829; and Ms. Nwamu — $13,725. In 2022, Ameren’s costs of insurance premiums for the NEOs were as follows: Mr. Singh — $3,342; Mr. Mark — $13,404; Mr. Moehn — $8,772; Mr. Baxter — $17,518; Mr. Lyons — $11,810; and Ms. Nwamu — $5,697. In 2022, the amount in column (h) also includes costs for tax and financial planning services for Messrs. Mark, Baxter, Lyons and Moehn and Ms. Nwamu; charitable matching grants for Mr. Lyons and Ms. Nwamu; ticket and related event expenses for Messrs. Singh, Mark, Baxter, Lyons and Moehn and Ms. Nwamu; a portion of the dues for a club membership used primarily for business purposes by Messrs. Lyons, Mark and Moehn; and, for Mr. Singh, relocation expenses of $107,023 and a tax gross-up payment with respect to such expenses of $11,830.

The following table provides additional information with respect to stock-based awards granted in 2022, the value of which was provided in the Stock Awards column of the Summary Compensation Table with respect to 2022 grants, and with respect to the potential range of payouts associated with the 2022 STIP.

GRANTS OF PLAN-BASED AWARDS TABLE

					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)				Grant Date Fair Value of Stock and Option Awards(5) ($) (j)
Singh				—		105,863		211,726		423,452		—		—		—		—		—
		7/1/22		6/27/22		—		—		—		1,917		3,833		7,666		1,642		502,572
		7/1/22		6/27/22		—		—		—								3,321		300,086
		7/1/22		6/27/22		—		—		—								3,321		300,086
Mark		—		—		219,375		438,750		877,500		—		—		—		—		—
Mark		2/10/22		2/10/22		—		—		—		3,972		7,944		15,888		3,405		1,029,738
Moehn		—		—		314,000		628,000		1,256,000		—		—		—		—		—
Moehn		2/10/22		2/10/22		—		—		—		9,407		18,813		37,626		8,062		2,438,476
Baxter		—		—		500,000		1,000,000		2,000,000		—		—		—		—		—
Baxter		2/10/22		2/10/22		—		—		—		11,983		23,966		47,932		10,270		3,106,371
Lyons		—		—		605,000		1,210,000		2,420,000
Lyons		2/10/22		2/10/22		—		—		—		16,476		32,951		65,902		14,123		4,271,210
Nwamu		—		—		210,000		420,000		840,000		—		—		—		—		—
		2/10/22		2/10/22		—		—		—		3,955		7,909		15,818		3,389		1,025,113
		5/12/22		5/12/22		—		—		—								6,423		600,037

(1)

See “— COMPENSATION DISCUSSION AND ANALYSIS” for a discussion of the timing of various pay decisions.

(2)

The amounts shown in column (c) reflect the threshold payment level under the 2022 STIP which is 50 percent of the target amount shown in column (d). The amount shown in column (e) is 200 percent of such target amount. See “— COMPENSATION DISCUSSION AND ANALYSIS” for information regarding the performance-based conditions. Mr. Mark retired from the Company effective August 1, 2022. The amounts shown in columns (c), (d), and (e) do not reflect any forfeiture of Mr. Mark’s award in connection with his retirement under the terms of the 2022 STIP.

(3)

For each NEO, the amounts shown (denominated in shares of Ameren common stock) in column (f) reflect the threshold 2022 PSU award grant, which is 50 percent of the target amount shown in column (g). The amount shown in column (h) is 200 percent of such target amount. See “— COMPENSATION DISCUSSION AND ANALYSIS” for information regarding the terms of the awards, the description of performance-based vesting conditions and the criteria for determining the amounts payable. The February 2022 PSU awards were granted under the 2014 Plan, while

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

Mr. Singh’s July 2022 PSU award was granted under the 2022 Plan. Mr. Mark retired on August 1, 2022. The amounts shown in columns (f), (g), and (h) do not reflect the forfeiture of a pro-rata portion of Mr. Mark’s awards in connection with his retirement under the terms of his 2022 PSU Awards.

(4)

The amounts shown in column (i) reflect the February 10, 2022 RSU awards for each NEO, the July 1, 2022 RSU sign-on awards for Mr. Singh, and the May 12, 2022 RSU retention award for Ms. Nwamu. The February 2022 RSU awards were granted under the 2014 Plan, while Ms. Nwamu’s May 2022 RSU retention award and Mr. Singh’s July 2022 RSU awards were granted under the 2022 Plan. Mr. Mark retired on August 1, 2022. The amount shown in columns (i) does not reflect the forfeiture of a pro-rata portion of Mr. Mark’s awards in connection with his retirement under the terms of his 2022 RSU Awards.

(5)

For each NEO, the amount represents the grant date fair value of the 2022 PSU and RSU awards determined in accordance with authoritative accounting guidance (including FASB ASC Topic 718), excluding the effect of estimated forfeitures. Assumptions used in the calculation of these amounts are referenced in footnote 3 to the Summary Compensation Table. There is no guarantee that, if and when the 2022 PSU and RSU awards vest, they will have this value.

Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table

See “— COMPENSATION DISCUSSION AND ANALYSIS” for further information relating to each NEO regarding the terms of awards reported in the Summary Compensation Table and the Grants of Plan-Based Awards Table and for discussions regarding officer stock ownership requirements, dividends paid on equity awards and allocations between short-term and long-term compensation.

The following table provides information regarding the outstanding equity awards held by each of the NEOs as of December 31, 2022.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END TABLE

	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		8,393		746,306		7,767		690,642
Mark(5)		21,351		1,898,531		12,071		1,073,353
Moehn		84,278		7,494,000		76,344		6,788,508
Baxter		150,898		13,417,850		140,648		12,506,420
Lyons		94,830		8,432,284		107,478		9,556,944
Nwamu		31,658		2,815,029		31,713		2,819,920

(1)

For each NEO, the amount shown represents the 2020 PSU award grant at the 200 percent performance level based on TSR and 95 percent performance level based on the Clean Energy Transition metric, and the 2020, 2021, and 2022 RSU award grants (including the September 18, 2020 RSU retention awards for Messrs. Moehn and Lyons, the May 12, 2022 RSU retention award for Ms. Nwamu, and the July 1, 2022 RSU sign-on awards for Mr. Singh). The 2020 PSU and RSU awards for such NEOs vested as of February 28, 2023. The January 2021 and February 2022 RSU awards will vest as of February 29, 2024, and February 28, 2025, respectively; the September 18, 2020 RSU retention awards will vest as of September 17, 2023; the May 12, 2022 RSU retention award will vest as of May 11, 2025, and the July 1, 2022 RSU sign-on awards will vest in equal installments as of February 29, 2024, and February 28, 2025. RSU award vesting is contingent upon continued employment of the NEO through the vesting period. See “— COMPENSATION DISCUSSION AND ANALYSIS — Long-Term Incentive Compensation” for a discussion of the LTIP program.

(2)

Valuations are based on $88.92 per share, the closing price of Ameren common stock on the NYSE as of December 31, 2022. See “— COMPENSATION DISCUSSION AND ANALYSIS — Long-Term Incentive Compensation — 2020 PSU Awards Vesting” for a discussion of the amounts actually earned with respect to the 2020 PSU awards.

(3)

For each NEO, the amount shown represents the 2021 and 2022 PSU award grants assuming achievement of the maximum performance goals for the PSU awards based on TSR and the 2022 PSU award based on the Clean Energy Transition metric, and target performance goal for the 2021 PSU award based on the Clean Energy Transition metric. The 2021 and 2022 PSU awards will vest, subject to Ameren achieving the required

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

performance threshold and continued employment of the NEO, as of February 29, 2024 and February 28, 2025, respectively. See “—COMPENSATION DISCUSSION AND ANALYSIS — Long-Term Incentive Compensation.” There is no guarantee that such amounts will ultimately be earned by participants.

(4)

Valuations are based on $88.92 per share, the closing price of Ameren common stock on the NYSE as of December 31, 2022. There is no guarantee that such amounts will ultimately be earned by participants.

(5)

For Mr. Mark, all amounts presented in the table represent a pro-rata portion of the applicable RSUs and PSUs described above, which, following Mr. Mark’s retirement effective August 1, 2022, are eligible to vest in accordance with their original schedule.

The following table provides the amounts received upon the vesting of stock or similar instruments during the most recent fiscal year.

STOCK VESTED TABLE

	Stock Awards
Name (a)	Number of Shares Acquired on Vesting(1) (#) (d)		Value Realized on Vesting(2) ($) (e)
Singh		—		—
Mark		18,861		1,621,103
Moehn		21,490		1,847,066
Baxter		98,807		8,492,462
Lyons		28,298		2,432,213
Nwamu		10,522		904,366

(1)

For each NEO , the amount shown represents 2019 PSU and RSU award grants vested as of February 28, 2022. During the three-year period for the 2019 PSU and RSU awards ending December 31, 2021, such NEOs were credited with dividend equivalents on 2019 PSU and RSU award grants, which represented the right to receive shares of Ameren common stock measured by the dividend payable with respect to the corresponding number of 2019 PSU and RSU awards. Dividend equivalents on 2019 PSU and RSU awards accrued at target levels and were reinvested into additional 2019 PSU and RSU awards throughout the three-year period. Dividend equivalents are only earned to the extent that the underlying PSU and RSU award is earned. The number of 2019 PSUs and RSUs ultimately earned by each NEO through dividend reinvestment (PSUs earned at 142.5 percent of the original target levels), was as follows: Mr. Mark — 1,413 units; Mr. Moehn — 1,611 units; Mr. Baxter — 7,406 units; Mr. Lyons — 2,121 units; and Ms. Nwamu — 724 units.

(2)

The value of the vested 2019 PSUs and RSUs is based on the closing price of $85.95 per share of Ameren common stock on the NYSE as of February 28, 2022, the date the 2019 PSU and RSU awards vested.

Pension Benefits

The table below provides the actuarial present value of the NEO’s accumulated benefits under Ameren’s retirement plans and the number of years of service credited to each NEO under these plans.

PENSION BENEFITS TABLE

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		0		27,249		—
Singh	2) SRP		0		—		—
Mark	1) Retirement Plan		20		908,888		—
Mark	2) SRP		20		1,452,882		—
Moehn	1) Retirement Plan		22		683,814		—
Moehn	2) SRP		22		1,223,787		—
Baxter	1) Retirement Plan		27		866,638		—
Baxter	2) SRP		27		4,504,697		—
Lyons	1) Retirement Plan		21		733,795		—
Lyons	2) SRP		21		1,975,437		—
Nwamu	1) Retirement Plan		6		184,129		—
Nwamu	2) SRP		6		323,553		—

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

(1)

Years of credited service are not used for purposes of calculating the NEOs’ balances under these plans.

(2)

Represents the actuarial present value of the accumulated benefits relating to the NEOs under the Retirement Plan (defined below) and the SRP as of December 31, 2022. See Note 10 to our audited consolidated financial statements for the year ended December 31, 2022 included in Ameren’s 2022 Form 10-K for an explanation of the valuation method and all material assumptions applied in quantifying the present value of the accumulated benefit. The calculations assumed that each officer will remain an active employee until, and will retire at, the plan normal retirement age of 65 (or, in the case of Mr. Mark, who reached age 65 during 2020, at his current age). The calculations included no pre-retirement decrements in determining the present value, used a 30 percent lump sum / 70 percent annuity payment form assumption, and used the plan valuation mortality assumptions after age 65 (PRI-2012 mortality projected generationally by Scale MP-2020). Cash balance accounts were projected to age 65 using the 2022 plan interest crediting rate of 5 percent, except for Mr. Mark, whose account was projected to his current age.

(3)

The following table provides the Cash Balance Account Lump Sum Value for accumulated benefits relating to the NEOs under the cash balance account under the Retirement Plan and the SRP as of December 31, 2022 as an alternative to the presentation of the actuarial present value of the accumulated benefits relating to the NEOs under the Retirement Plan and the SRP as of December 31, 2022.

Name	Plan Name	Cash Balance Account Lump Sum Value ($)
Singh	1) Retirement Plan		24,090
Singh	2) SRP		—
Mark	1) Retirement Plan		783,439
Mark	2) SRP		1,252,348
Moehn	1) Retirement Plan		613,464
Moehn	2) SRP		1,097,884
Baxter	1) Retirement Plan		769,505
Baxter	2) SRP		3,999,810
Lyons	1) Retirement Plan		643,759
Lyons	2) SRP		1,733,053
Nwamu	1) Retirement Plan		161,400
Nwamu	2) SRP		283,614

(4)

All NEOs, other than Mr. Mark, are active and were not eligible for payments prior to December 31, 2022. Mr. Mark retired effective August 1, 2022 and became eligible to receive payments under the Company’s Retirement Plan immediately and SRP 6 months after his retirement date.

Ameren Retirement Plan

Retirement benefits for the NEOs fall under the Benefits for Salaried Employees (the “Cash Balance Account”). Most salaried employees of Ameren and its subsidiaries, including the NEOs, earn benefits in the Cash Balance Account under the Ameren Retirement Plan (the “Retirement Plan”) immediately upon employment. Benefits become vested after three years of service.

On an annual basis, a bookkeeping account in a participant’s name is credited with an amount equal to a percentage of the participant’s pensionable earnings for the year. Pensionable earnings include base salary and annual STIP compensation, which are equivalent to amounts shown in columns (c) and (g) in the Summary Compensation Table. The applicable percentage is based on the participant’s age as of December 31 of that year.

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%

An additional regular credit of three percent is received for pensionable earnings above the Social Security wage base.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

These accounts also receive interest credits based on the average yield for one-year U.S. Treasury constant maturity for the previous October, plus one percent. The minimum interest credit is five percent.

Effective January 1, 2001, an enhancement account was added that provides a $500 additional credit at the end of each year.

The normal retirement age under the Cash Balance Account structure and the SRP is 65. Neither the Cash Balance Account structure nor the SRP contains provisions for crediting extra years of service or for early retirement. When a participant terminates employment (including as a result of retirement), the amount credited to the participant’s account is converted to an annuity or paid to the participant in a lump sum. The participant can also choose to defer distribution, in which case the account balance is credited with interest at the applicable rate until the future date of distribution.

Ameren Supplemental Retirement Plan

In certain cases, pension benefits under the Retirement Plan are reduced to comply with maximum limitations imposed by the IRC. The SRP is maintained by Ameren to provide for a supplemental benefit equal to the difference between the benefit that would have been paid if such IRC limitations were not in effect and the reduced benefit payable as a result of such IRC limitations. Any NEO whose pension benefits under the Retirement Plan would exceed IRC limitations is eligible to participate in the SRP. The SRP is unfunded and is not a qualified plan under the IRC.

There is no offset under either the Retirement Plan or the SRP for Social Security benefits or other offset amounts.

Nonqualified Deferred Compensation

The following table discloses contributions, earnings and balances under the nonqualified deferred compensation plan for each NEO.

NONQUALIFIED DEFERRED COMPENSATION TABLE

Name (a)	Executive Contributions in 2022(1) ($) (b)		Company Contributions in 2022(2) ($) (c)		Aggregate Earnings in 2022(3) ($) (d)		Aggregate Withdrawals/ Distributions ($) (e)		Aggregate Balance at 12/31/22(4) ($) (f)
Singh		25,663		—		117		—		25,780
Mark		283,231		29,725		(107,864)		—		4,447,682
Moehn		133,710		56,003		(253,176)		—		2,332,071
Baxter		175,140		131,355		(635,903)		—		5,564,860
Lyons		96,138		72,104		(317,232)		—		1,699,378
Nwamu		—		—		—		—		—

(1)

A portion of these amounts is also included in amounts reported for 2022 as “Salary” in column (c) of the Summary Compensation Table. These amounts also include a portion of amounts reported as “Non-Equity Incentive Plan Compensation” in our 2022 information statement representing compensation paid in 2022 for performance during 2021.

(2)

All of the Company matching contributions reported for each NEO are included in the amounts reported in column (i) of the Summary Compensation Table.

(3)

The dollar amount of aggregate interest earnings accrued during 2022. The above-market interest component of these amounts earned on deferrals made prior to January 1, 2010 with respect to plan years beginning on or prior to January 1, 2010 and for deferrals made prior to January 1, 2010 with respect to plan years beginning on or after January 1, 2011 is included in amounts reported in column (h) of the Summary Compensation Table. See footnote (6) to the Summary Compensation Table for the amounts of above-market interest. There are no above-market or preferential earnings on compensation deferred with respect to plan years beginning on or after January 1, 2010 for deferrals made on and after January 1, 2010.

(4)

The dollar amount of the total balance of each NEO’s account as of December 31, 2022, consists of the following elements:

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

Name	Executive Contributions ($)		Company Matching Contributions ($)		Interest Earnings ($)		Total ($)		Amount Previously Reported as Compensation in Prior Years(1) ($)
Singh		25,663		—		117		25,780		—
Mark		2,880,491		321,097		1,246,094		4,447,682		2,594,423
Moehn		1,111,203		382,364		838,504		2,332,071		1,056,194
Baxter		2,165,840		1,092,069		2,306,951		5,564,860		3,329,918
Lyons		741,491		556,119		401,768		1,699,378		1,129,368
Nwamu		—		—		—		—		—

(1)

Represents amounts previously reported as compensation to the NEO in the Summary Compensation Table of Ameren or its subsidiaries, including the Company, in previous years.

Executive Deferred Compensation Plan Participation

Pursuant to an optional deferred compensation plan available to members of Ameren’s management, NEOs may annually choose to defer up to 50 percent (in one percent increments) of their salary and up to 100 percent (in one percent increments or amounts in excess of a threshold) of cash incentive awards. There are no minimum dollar thresholds for deferrals. At the request of a participant, Ameren may, in its discretion, waive the 50 percent limitation.

The Ameren Deferred Compensation Plan, as amended and restated, effective January 1, 2010 (the “Ameren Deferred Compensation Plan”), changed the interest crediting rates for deferrals made with respect to plan years commencing on and after January 1, 2010 and added a 401(k) restoration benefit for eligible officers of Ameren and its subsidiaries, including the NEOs, whose total salary and short-term incentive award exceeds the limit on compensation in effect under the IRC. In October 2010, Ameren adopted an amendment to the Ameren Deferred Compensation Plan for plan years beginning on and after January 1, 2011 to, among other things, change the measurement period for the applicable interest rates to amounts deferred under such plan prior to January 1, 2010 and clarify that matching contributions made under the plan are based upon all of a participant’s deferrals under the plan during a plan year. Pursuant to the Ameren Deferred Compensation Plan, amounts deferred (and interest attributable thereto), other than the 401(k) Restoration Benefit (as defined below), accrue interest at the rate to be applied to the participant’s account balance depending on (1) the plan year for which the rate is being calculated and (2) the year in which the deferral was made, as follows:

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 2022 such interest crediting rate was 4.01 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 2022 such interest crediting rate was 2.28 percent

Under the Ameren Deferred Compensation Plan, upon a participant’s termination of employment with Ameren and/or its subsidiaries, including the Company, prior to age 55 and after the occurrence of a “Change of Control” (as defined under “— Potential Payments upon Termination or Change of Control — Change of Control” below) the balance in such participant’s deferral account, with interest as described in the table above, shall be distributed in a lump sum within 30 days after the date the participant terminates employment.

The 401(k) Restoration Benefit allows eligible officers of Ameren and its subsidiaries, including the NEOs, to also defer a percentage of salary and/or STIP awards in excess of the limit on compensation then in effect under the IRC (currently $305,000), in one percent increments, up to a maximum of six percent of total salary and STIP awards (a “401(k) Restoration Deferral,” together with Ameren’s 401(k) matching credit described below, the “401(k) Restoration Benefit”). Under the Ameren Deferred Compensation Plan, Ameren credits each participating officer’s deferral account with a matching credit equal to 100 percent of the first three percent of salary and STIP

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

awards and 50 percent of the remaining salary and STIP awards deferred by the participant, including a 401(k) Restoration Deferral. In general, eligible participants, including the NEOs, may direct the deemed investment of the 401(k) Restoration Benefit in accordance with the investment options that are generally available under Ameren’s 401(k) savings investment plan, except for the Ameren stock fund.

As a result of the changes described in this section, no preferential or above-market earnings are paid pursuant to the Ameren Deferred Compensation Plan with respect to plan years beginning on or after January 1, 2010 for deferrals made on and after January 1, 2010. The investment returns for the funds available to NEOs under the Ameren Deferred Compensation Plan in 2022 were as follows:

Name of Fund	Percentage Rate of Return (%)
Target 2025 Fund		-15.23
Target 2030 Fund		-15.96
Target 2035 Fund		-16.67
Target 2040 Fund		-17.36
Target 2045 Fund		-17.89
Target 2050 Fund		-18.23
Target 2055 Fund		-18.28
Target 2060 Fund		-18.31
Target 2065 Fund		-18.31
Target Retirement Fund		-14.61
Large Cap Equity Index		-18.11
Large Cap Equity		-26.13
Small/Mid Cap Equity Index		-18.33
Small/Mid Cap Equity		-17.36
International Equity Index		-16.23
International Equity		-22.72
Bond Fund		-12.83
Bond Index Fund		-13.05
TIPS Bond Index Fund		-11.96
Stable Interest Income		1.82

After the participant retires, the deferred amounts (and interest attributable thereto), other than the 401(k) Restoration Benefit, accrue interest as follows:

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 2022 such interest crediting rate was 2.67 percent
Plan Years beginning on or after January 1, 2010	Deferrals on and after January 1, 2010	Officers Deferred Plan Interest Rate — for 2022 such interest crediting rate was 2.28 percent

The plan compounds interest annually and the rate is calculated as of the first day of the plan year.

Distributions from the Ameren Deferred Compensation Plan will be paid in cash. A participant may choose to receive the deferred amounts at retirement in a single lump sum payment or in substantially equal installments over a period of 5, 10 or 15 years. In the event

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

a participant terminates employment with Ameren and its subsidiaries, including the Company, prior to age 55, the balance in such participant’s deferral account is distributable in a lump sum to the participant within 30 days of the date the participant terminates employment.

Participants are 100 percent vested at all times in the value of their contributions, investment earnings and any Ameren 401(k) matching credits. A participant’s benefit will be comprised of separate bookkeeping accounts evidencing his or her interest in each of the investment funds in which contributions and applicable matching contributions have been deemed invested. While no actual contributions are made to the funds, earnings or losses are calculated using the valuation methodology employed by the record keeper for each of the corresponding funds. Participants may generally transfer investments among various investment alternatives on a daily basis, subject to the provisions of the Ameren Deferred Compensation Plan.

Potential Payments upon Termination or Change of Control

This section describes and estimates payments that could be made to the NEOs serving as of December 31, 2022, under different termination and change-in-control events. The estimated payments would be made under the terms of Ameren’s compensation and benefits plans, as well as the Severance Plan for Ameren Officers (“Officer Severance Plan”) or the Second Amended and Restated Change of Control Severance Plan (“Change of Control Plan”).

The tables below reflect the payments and benefits payable to each of the NEOs in the event of a termination of the NEO’s employment under several different circumstances. The amounts shown assume that termination was effective as of December 31, 2022, at the NEO’s compensation and service levels as of that date, and are estimates of the amounts that would be payable to the NEO in each scenario. In addition, the amounts shown do not include benefits paid by insurance providers under life and disability policies or payments and benefits provided on a non-discriminatory basis to employees upon a termination of employment. The actual amounts to be paid can only be determined at the time of the NEO’s actual separation from the Company and its affiliates. Factors that could affect the nature and amount of the payments on termination of employment include, among others, the timing of the event, compensation level, the market price of Ameren common stock and the NEO’s age.

SINGH

Component of Pay

Death
($)

Disability
($)

Retirement
at Age at
12/31/22(1)
($)

Involuntary
Termination not
for Cause(3)
($)

Change of
Control(4)
($)

Cash Severance

N/A

1,292,800

3,360,000

PSU Vesting(5)

115,151

451,803

N/A

345,329

RSU Vesting(5)

196,335

780,895

N/A

746,337

Pension Credit

N/A

320,506

Health and Welfare Benefits(6)

N/A

19,452

84,238

Outplacement at Maximum

N/A

25,000

30,000

Excise Tax Gross-up(5)

N/A

Total

311,486

1,232,698

N/A

1,337,252

4,886,410

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

MARK

Component of Pay

Death
($)

Disability
($)

Retirement
at Age at
12/31/22(2)
($)

Involuntary
Termination not
for Cause(3)
($)

Change of
Control(4)
($)

Cash Severance

N/A

PSU Vesting(5)

N/A

1,945,659

N/A

RSU Vesting(5)

N/A

563,041

N/A

Pension Credit

N/A

Health and Welfare Benefits(6)

N/A

Outplacement at Maximum

N/A

Excise Tax Gross-up(5)

N/A

Total

N/A

2,508,700

N/A

MOEHN

Component of Pay

Death
($)

Disability
($)

Retirement
at Age at
12/31/22(1)
($)

Involuntary
Termination not
for Cause(3)
($)

Change of
Control(4)
($)

Cash Severance

N/A

2,385,000

4,867,000

PSU Vesting(5)

3,656,035

7,492,132

N/A

5,402,763

RSU Vesting(5)

2,864,380

4,117,707

N/A

4,017,024

Pension Credit

N/A

731,840

Health and Welfare Benefits(6)

N/A

19,452

108,856

Outplacement at Maximum

N/A

25,000

30,000

Excise Tax Gross-up(5)

N/A

4,761,135

Total

6,520,415

11,609,839

N/A

2,429,452

19,918,618

BAXTER

Component of Pay	Death ($)		Disability ($)		Retirement at Age at 12/31/22(2) ($)		Involuntary Termination not for Cause(3) ($)		Change of Control(4) ($)
Cash Severance		N/A		N/A		N/A		3,547,700		7,000,000
PSU Vesting(5)		8,302,016		15,758,936		12,421,946		12,421,946		11,219,788
RSU Vesting(5)		3,557,956		4,915,942		3,611,486		3,611,486		4,808,322
Pension Credit		N/A		N/A		N/A		N/A		1,432,987
Health and Welfare Benefits(6)		N/A		N/A		N/A		25,949		119,333
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		11,859,972		20,674,878		16,033,432		19,632,081		24,610,430

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

LYONS

Component of Pay	Death ($)		Disability ($)		Retirement at Age at 12/31/22(2) ($)		Involuntary Termination not for Cause(3) ($)		Change of Control(4) ($)
Cash Severance		N/A		N/A		N/A		4,182,800		8,140,000
PSU Vesting(5)		4,260,780		9,477,538		6,232,136		6,232,136		6,901,477
RSU Vesting(5)		3,197,830		4,893,001		1,866,520		1,866,520		4,756,746
Pension Credit		N/A		N/A		N/A		N/A		1,163,369
Health and Welfare Benefits(6)		N/A		N/A		N/A		25,949		115,938
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		7,204,282
Total		7,458,610		14,370,539		8,098,656		12,332,405		28,311,812

NWAMU

Component of Pay

Death
($)

Disability
($)

Retirement
at Age at
12/31/22(1)
($)

Involuntary
Termination not
for Cause(3)
($)

Change of
Control(4)
($)

Cash Severance

N/A

1,640,500

3,480,000

PSU Vesting(5)

1,439,437

2,973,840

N/A

2,167,675

RSU Vesting(5)

741,237

1,576,729

N/A

1,511,255

Pension Credit

N/A

379,374

Health and Welfare Benefits(6)

N/A

19,452

81,327

Outplacement at Maximum

N/A

25,000

30,000

Excise Tax Gross-up(5)

N/A

Total

2,180,674

4,550,569

N/A

1,684,952

7,649,631

(1)

Messrs. Singh and Moehn and Ms. Nwamu are not retirement-eligible.

(2)

The estimated number of PSUs and RSUs that would be payable upon retirement at December 31, 2022, for Messrs. Baxter and Lyons and at August 1, 2022, for Mr. Mark, is calculated according to the schedule following “— Termination Other Than for Change of Control” below. Where performance was estimated for PSUs, it was estimated at 100.0 percent payout for the 2021 PSU awards based on TSR, 127.5 percent payout for the 2022 PSU awards based on TSR, 66.7 percent payout for the 2021 PSU awards based on the Clean Energy Transition metric and 100.3 percent payout for the 2022 PSU awards based on the Clean Energy Transition metric.

(3)

Indicates amounts payable to NEOs pursuant to the Officer Severance Plan. The PSU vesting and RSU vesting amounts represent amounts payable because the participant is retirement eligible, not due to a benefit under the Officer Severance Plan.

(4)

Indicates Change of Control amounts payable to NEOs pursuant to the Change of Control Severance Plan, assuming that Ameren ceases to exist or is no longer publicly traded on the NYSE or NASDAQ after the Change of Control. The Pension Credit payable in connection with a Change of Control is based on the NEO’s base salary and target bonus level as in effect immediately prior to the termination date.

(5)

Amounts reflected for PSU vesting, RSU vesting and excise tax gross-up payments are estimated using a stock price of $88.92 per share, the closing price of Ameren common stock on the NYSE as of December 31, 2022. Mr. Singh and Ms. Nwamu are not eligible for excise tax gross-up payments because they became participants in the Change of Control Severance Plan after October 1, 2009.

(6)

Health and welfare benefits figures reflect the estimated lump-sum value of all future amounts which will be paid on behalf of or attributed to the NEOs under our welfare benefit plans (these amounts, however, would not actually be paid as a cash lump sum). For amounts payable in connection with a Change of Control, the amounts reflected above represent the employer portion of premiums and an amount representing the actuarial present value of additional benefits under our retiree medical program (see “Change of Control — Health and Welfare Benefit Payment Assumptions” below). For amounts payable in connection with an Involuntary Termination Not for Cause, the amounts reflected above represent 12 months of COBRA premiums.

Severance

The NEOs are covered under the Ameren Corporation Severance Plan for Ameren Officers, as described above under “— EXECUTIVE COMPENSATION — Compensation Discussion and Analysis — Severance.”

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

Change of Control

Change of Control Severance Plan. Under Ameren’s Second Amended and Restated Change of Control Severance Plan, as amended (the “Change of Control Plan”), designated officers of Ameren and its subsidiaries, including the NEOs, are entitled to receive severance benefits if their employment is terminated without “Cause” (as defined below) or by the NEO for “Good Reason” (as defined below) within two years after a Change of Control. The Change of Control Plan was amended in 2009 to eliminate reimbursement and gross-up payments in connection with any excise taxes that may be imposed on benefits received by any officers who first become designated as entitled to receive benefits under the Change of Control Plan on or after October 1, 2009. Other Ameren plans also carry change of control provisions.

Definitions of Change of Control, Cause and Good Reason

A change of control (“Change of Control”) occurs under the Change of Control Plan, in general, upon:

(i)

the acquisition of 20 percent or more of the outstanding common stock of Ameren or of the combined voting power of the outstanding voting securities of Ameren;

(ii)

a majority change in composition of the board of directors;

(iii)

a reorganization, merger or consolidation, sale or other disposition of all or substantially all of the assets of Ameren, unless current shareholders continue to own 60 percent or more of the surviving entity immediately following the transaction; or

(iv)

approval by Ameren shareholders of a complete liquidation or dissolution of Ameren.

“Cause” is defined as follows:

(i)

the participant’s willful failure to substantially perform his or her duties with Ameren (other than any such failure resulting from the participant’s disability), after notice and opportunity to remedy;

(ii)

gross negligence in the performance of the participant’s duties which results in material financial harm to Ameren;

(iii)

the participant’s conviction of, or plea of guilty or nolo contendere to, any felony or any other crime involving the personal enrichment of the participant at the expense of Ameren or shareholders of Ameren; or

(iv)

the participant’s willful engagement in conduct that is demonstrably and materially injurious to Ameren, monetarily or otherwise.

“Good Reason” is defined as follows:

(i)

a net reduction of the participant’s authorities, duties or responsibilities as an executive and/or officer of Ameren;

(ii)

required relocation of more than 50 miles;

(iii)

any material reduction of the participant’s base salary or target bonus opportunity;

(iv)

reduction in grant-date value of long-term incentive opportunity;

(v)

failure to provide the same aggregate value of employee benefit or retirement plans in effect prior to a Change of Control;

(vi)

failure of a successor to assume the Change of Control Plan agreements; or

(vii)

a material breach of the Change of Control Plan which is not remedied by the Company within ten business days of receipt of written notice of such breach.

If an NEO’s employment is terminated without Cause or by the NEO for Good Reason within two years after a Change of Control, the NEO will receive a cash lump sum equal to the following:

(i)

unpaid salary and vacation pay through the date of termination;

(ii)

pro rata STIP compensation for the year of termination;

(iii)

three years’ worth of each of base salary and target STIP compensation;

(iv)

three years’ worth of additional pension credit; and

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

(v)

solely with respect to officers who first became designated as entitled to receive benefits under the Change of Control Plan before October 1, 2009, reimbursement and gross-up for any excise tax imposed on benefits received by the NEO from Ameren, assuming such payments (as defined by the IRS) are at least 110 percent of the imposed cap under the IRC.

In addition to the cash lump sum payment, any such NEO shall (i) continue to be eligible for health and welfare benefits during the three-year severance period, provided that if the NEO becomes reemployed with another employer and is eligible to receive such health and welfare benefits under such other employer’s plan, the Company’s health and welfare benefits will be secondary to those provided under such other plan during the severance period and (ii) receive, as incurred, up to $30,000 for the cost of outplacement services (not available for a Good Reason termination).

Following are details of how the above items are calculated.

•

Retirement Plan Benefit Assumptions. Amount equal to the difference between (a) the account balance under the Retirement Plan and SRP which the participant would receive if his or her employment continued during the three-year period upon which severance is received (assuming the participant’s compensation during such period would have been equal to his or her compensation as in effect immediately prior to termination) and (b) the actual account balance (paid or payable) under such plans as of the date of termination.

•

Health and Welfare Benefit Payment Assumptions.Continued coverage for the NEO’s family with medical, dental, life insurance and executive life insurance benefits as if employment had not been terminated during the three-year period upon which severance is received. The calculation and the corresponding amounts set forth in the Potential Payments on Termination or a Change of Control tables above assume full cost of benefits over the three-year period. In addition, the NEO’s family receives additional retiree medical benefits (if applicable) as if employment had not been terminated during the three-year period upon which severance is received. Retiree medical benefits are payable only in their normal form as monthly premium payments until the NEO reaches the age of 65, at which time the NEO, or applicable beneficiary, receives an annual stipend to apply towards eligible healthcare premiums and costs. The actuarial present value of the additional retiree medical benefits is included, calculated based on retirement at the end of the three-year severance period, a graded discount rate assumption of 5.47 percent for payment duration of three years or less, 5.14 percent for payment duration of over three but not more than nine years and 5.22 percent for payment duration over nine years, and post-retirement mortality (but not pre-retirement mortality) according to the PRI-2012 Non Disabled Annuitant (generational) table.

Ability to Amend or Terminate Change of Control Plan

Ameren’s Board may amend or terminate the Change of Control Plan at any time, including designating any other event as a Change of Control, provided that the Change of Control Plan may not be amended or terminated (i) following a Change of Control, (ii) at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (iii) otherwise in connection with or in anticipation of a Change of Control in any manner that could adversely affect the rights of any officer covered by the Change of Control Plan.

Change of Control Provisions Relating to LTIP Awards

Below is a summary of protections provided upon a Change of Control with respect to the LTIP awards issued under the 2022 Plan and the 2014 Plan. In brief, the goal of these protections is to avoid acceleration of LTIP vesting and payment in situations where a Change of Control occurs but Ameren continues to exist and the NEO retains his or her position. In the table below, the term “qualifying termination” means the participant (i) has an involuntary termination without Cause, (ii) for Change of Control Severance Plan participants, has a voluntary termination of employment for Good Reason (as defined in the Change of Control Severance Plan) or (iii) has an involuntary termination that qualifies for severance under the Ameren Corporation Severance Plan for Ameren Employees (as in effect immediately prior to the Change of Control). Other definitions of capitalized terms may be found in the 2022 Plan, the 2014 Plan or the applicable award agreement.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

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.

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

Termination Other Than for Change of Control

The following table summarizes the impact of certain employment events outside the context of a Change of Control that may result in the payment of unvested LTIP awards.

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

The September 18, 2020, awards for Messrs. Lyons and Moehn, the May 12, 2022, retention award for Ms. Nwamu, and the July 1, 2022, RSU sign-on awards for Mr. Singh do not provide for pro-rata vesting in the event of retirement during the award period.

Principal Executive Officer Pay Ratio

We are providing the following information to comply with Item 402(u) of Regulation S-K:

For 2022, the annual total compensation of our median employee was $112,982. We calculated the median employee’s annual total compensation based on the rules for determining annual total compensation of our named executive officers, which includes base salary, incentive compensation, change in pension value, and other elements of pay, such as 401(k) employer match, stock awards or overtime, as applicable. In 2022, we had two non-concurrent principal executive officers. For purposes of this disclosure, we looked to the principal executive officer (“PEO”) serving in that position as of December 31, 2022, Mr. Singh, and annualized his compensation. The annualized total compensation of our PEO was $2,388,814 (specifically using his PEO salary for the full year) and the ratio of our PEO’s compensation to the median employee was 21 to 1. The pay ratio disclosed is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K.

In accordance with the same methodology used to determine the median employee in prior years, we identified our median employee as of October 1, 2020, using for such purposes our entire workforce as of such date of approximately 3,400 full, part-time and temporary employees. The median employee was identified using such employees’ base salaries or wages for the period of January 1, 2019, to December 31, 2019, rounded up to the nearest $100.

SEC rules for identifying the median employee and calculating the pay ratio allow companies to apply various methodologies and various assumptions and, as a result, the pay ratio reported by the Company may not be comparable to the pay ratio reported by other companies.

Pay vs. Performance

To comply with Item 402(v) of Regulation S-K, we are providing the following information.

The Pay vs. Performance (“PVP”) table below provides the “compensation actually paid” (“CAP”) to the PEO and the average CAP for non-PEO NEOs. CAP represents a new calculation of compensation that differs from the total compensation reported in the Summary Compensation Table (“SCT”). You should refer to the “Compensation Discussion and Analysis” section above for discussion regarding how the Company’s compensation program is designed to align with the Company’s performance and long-term shareholder interests.

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

													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 Annual Earnings Per Share(8) (k)
2022		1,884,831		463,937		2,108,814		2,138,912		5,100,902		6,083,692		N/A		N/A		513		4.14
2021		2,499,003		3,093,519		N/A		N/A		4,380,007		5,958,439		N/A		N/A		425		3.84
2020		2,456,931		3,340,299		N/A		N/A		4,903,026		6,634,970		N/A		N/A		379		3.50

(1)

Mr. Mark served as the PEO in 2020 and 2021 and through August 1, 2022, when he retired.

(2)

Effective with Mr. Mark’s retirement, Mr. Singh began serving as the PEO effective August 1, 2022.

(3)

The NEOs for the applicable periods are: Mr. Lyons (2022), Mr. Moehn (2020-2022), Mr. Baxter (2020-2022), Ms. Nwamu (2020-2022), Ms. Bhavani Amirthalingam (2021), and Mr. Bruce A. Steinke (2020).

(4)

To calculate the CAP for the PEOs, as reported in columns (c) and (e), the following amounts were deducted from and added to the PEO’s total compensation as reported in the SCT:

	2022				2021		2020
	PEO #1 (Mark)		PEO #2 (Singh)		PEO #1 (Mark)		PEO #1 (Mark)
SCT Total Compensation for PEO		1,884,831		2,108,814		2,499,003		2,456,931
Deductions from SCT:
Grant date fair value of equity-based awards granted during year (as reported in column (e) of the SCT)		(1,029,738)		(1,102,743)		(1,031,102)		(1,006,367)
Change in pension value (as included in column (g) of the SCT)		—		(27,249)		(239,347)		(381,104)
Additions to SCT:
Fair value of unvested awards granted in year(9)		212,857		1,122,490		1,203,516		1,279,777
Change in fair value of awards granted in prior years that vested during the year(9)		(57,715)		—		(181,509)		59,640
Change in fair value of unvested awards granted in prior years that remain unvested and outstanding at year-end(9)		144,567		—		745,068		840,073
Awards granted in prior years that are forfeited during the year, if applicable(9)		(820,333)		—		—		—
Service cost for all defined benefit pension plans		129,468		37,600		97,890		91,349
CAP to PEO (10)		463,937		2,138,912		3,093,519		3,340,299

(5)

To calculate CAP for the other NEOs, as reported in column (g), the following amounts were deducted from and added to the NEOs’ total compensation as reported in the SCT:

	2022		2021		2020
Average SCT Total Compensation for Non-CEO PEOs		5,100,902		4,380,007		4,903,026
Deductions from SCT:
Grant date fair value of equity-based awards granted during year (as reported in Column (e) of the SCT)		(2,860,302)		(2,321,316)		(2,740,984)
Change in pension value (as included in column (g) of the SCT)		—		(247,010)		(627,999)
Additions to SCT:
Fair value of unvested awards granted during the year(9)		3,042,250		2,709,405		3,366,358
Change in fair value of awards granted in prior years that vested during the year(9)		(121,727)		(341,771)		93,617

Ameren Illinois Company

TABLE OF CONTENTS

Executive Compensation Matters

	2022		2021		2020
Change in fair value of unvested awards granted in prior years that remain unvested and outstanding at year-end(9)		710,534		1,617,773		1,525,928
Service cost for all defined benefit pension plans		212,035		161,351		115,024
Awards granted in prior years that are forfeited during the year, if applicable		—		—		—
Average CAP to Non-CEO NEOs (10)		6,083,692		5,958,439		6,634,970

(6)

The Company does not have publicly traded shares of common stock and, as a result, does not have a “total shareholder return”. As a result no cumulative total shareholder return or peer group cumulative total shareholder return has been included in this table.

(7)

Value reported is the Company’s net income attributable to Ameren common shareholders, as reported in the Company’s Annual Report of Form 10-K for the applicable period.

(8)

Our named executive officers are compensated by Ameren in accordance with its executive compensation policies. The Company does not make independent decisions regarding the compensation of its executive officers. As a result, the company-selected measure included in this table is Ameren’s GAAP diluted EPS for the respective year, which reflects the financial performance measure that in Ameren’s assessment represents the most important financial measure used to link compensation actually paid for the most recently completed fiscal year to company performance.

(9)

The below table provides the valuation assumptions used in determining the fair value of equity awards (on the respective valuation dates) that are materially different from those originally disclosed as of the grant date of such equity awards.

Performance
Period

2022−2024

2021−2023

2020−2022

2019−2021

2018−2020

Valuation Date

12/31/2022

12/31/2021

12/31/2022

12/31/2020

12/31/2021

12/31/2019

12/31/2020

12/31/2019

Risk-free rate

4.41%

0.73%

4.73%

0.13%

0.39%

1.58%

0.10%

1.59%

Ameren’s common stock volatility

20.09%

33.2%

21.99%

32.2%

18.0%

16.5%

43.3%

14.3%

Volatility Range for Peer Group

19.18%−23.89%

29.71%−41.14%

21.77%−27.08%

28.98%−40.10%

16.19%−22.46%

15.06%−30.22%

38.61%−54.73%

12.67%−146.95%

(10)

No adjustments were required with respect to the dollar value of dividends or other earnings paid on stock or option awards, because the value of dividend equivalents accrued on such awards are included in the calculation of the fair value of such awards as of each applicable valuation date.

Additional Company-Selected Performance Measures

The following table represents the unranked list of the most important financial measures used to align compensation actually paid to the PEO and NEOs for 2022 to the performance of Ameren and its subsidiaries, including the Company. While these financial measures are considered the most important measures, additional financial and other measures were also considered to align the NEOs’ pay and performance, as further described in the “Compensation Discussion and Analysis” section above.

	Ameren Annual EPS
	Ameren Three-Year TSR Ranking vs. the TSR Peer Group
	Clean Energy Transition metric

These measures generally reflect those used internally to measure the performance of Ameren and its subsidiaries, including the Company, and externally to report to investors. Taken together, these measures provide a holistic measure of Ameren’s growth, shareholder value and overall financial performance, as well as Ameren’s progress toward transitioning to clean energy through the addition of renewable generation, energy storage and the retirement of coal-fired energy centers.

Relationship Between Compensation Actually Paid and Performance Measures in the PVP Table

The most important annual financial measure that Ameren uses to link pay to performance is Ameren’s EPS results, which is not only the most heavily weighted metric in the STIP, but also correlates to Ameren’s TSR, which is the most heavily weighted performance metric in the LTIP. As shown in the chart below, Ameren’s EPS increased by between 2020 and 2021, while the PEO and Average NEO CAP decreased by 7.4% and 10.2%, respectively, for the same period. In 2022, while the Average NEO CAP increased by 2.1% and the

2023 Information Statement

TABLE OF CONTENTS

Executive Compensation Matters

combined PEO CAP decreased by 15.9%, driven primarily by a new PEO in August 2022, Ameren’s EPS increased by 7.8%. During this same period (2020−2022), the Company’s net income increased by 35.4%.

Ameren Illinois Company

TABLE OF CONTENTS

Selection of Independent Registered Public Accounting Firm

Fiscal Year 2022

PricewaterhouseCoopers LLP (“PwC”) served as the independent registered public accounting firm for Ameren and its subsidiaries in 2022. PwC is an independent registered public accounting firm with the Public Company Accounting Oversight Board. Representatives of PwC are expected to be present at the Annual Meeting with the opportunity to make a statement if they so desire and are expected to be available to respond to appropriate questions.

Fees For Fiscal Years 2022 and 2021

Audit Fees

The aggregate fees for professional services rendered by PwC for (i) the audits of the consolidated annual financial statements of Ameren and its registered subsidiaries included in the combined 2022 Form 10-K of Ameren and its registered subsidiaries and the annual financial statements of certain non-registered subsidiaries; (ii) the audit of Ameren’s internal control over financial reporting; (iii) the reviews of the quarterly financial statements included in the combined Forms 10-Q of Ameren and its subsidiaries for the 2022 fiscal year; (iv) certain regulatory audit procedures; (v) services provided in connection with debt and equity offerings; (vi) certain accounting and reporting consultations; and (vii) post-implementation information technology system reviews were $4,413,000.

Fees billed by PwC for audit services rendered to Ameren and its subsidiaries during the 2021 fiscal year totaled $4,157,000.

Audit-Related Fees

The aggregate fees for audit-related services rendered by PwC to Ameren and its subsidiaries during the 2022 fiscal year totaled $635,000. Such services consisted of (i) pre-implementation information technology systems reviews and (ii) attestations in connection with long-term debt financings under Ameren’s Sustainability Financing Framework.

Fees billed by PwC for audit-related services rendered to Ameren and its subsidiaries during the 2021 fiscal year totaled $225,000.

Tax Fees

PwC did not render any tax-related services to Ameren and its subsidiaries during the 2022 or 2021 fiscal years.

All Other Fees

The aggregate fees for all other services rendered by PwC to Ameren and its subsidiaries during the 2022 fiscal year totaled $208,650. Such services consisted of (i) program delivery risk assessments related to information technology systems upgrades; (ii) a human resources benchmarking resource subscription; and (iii) accounting, reporting reference, and disclosure software.

Fees billed by PwC for all other services rendered to Ameren and its subsidiaries during the 2021 fiscal year totaled $28,650.

Fiscal Year 2023

Ameren’s Audit and Risk Committee has appointed PwC as independent registered public accounting firm for Ameren and its subsidiaries, including Ameren Illinois, for the fiscal year ending December 31, 2023. Ameren is asking its shareholders to ratify this appointment at its 2023 annual meeting of shareholders.

Policy Regarding the Pre-Approval of Independent Registered Public Accounting Firm Provision of Audit, Audit-Related and Non-Audit Services

Ameren’s Audit and Risk Committee’s charter provides that the Committee is required to pre-approve all audit, audit-related, tax and other services provided by the independent registered public accounting firm to Ameren and its subsidiaries, including the Company,

2023 Information Statement

TABLE OF CONTENTS

except that pre-approvals of audit and non-audit services may be delegated to a single member of the Audit and Risk Committee, provided that such decisions are reported to the Committee at its next regularly scheduled meeting. The Audit and Risk Committee pre-approved 100 percent of the fees for services provided by PwC covered under the above captions “— Audit Fees,” “— Audit-Related Fees,” “— Tax Fees” and “— All Other Fees” for fiscal years 2022 and 2021.

The information contained in the following Audit and Risk Committee Report shall not be deemed to be “soliciting material” or “filed” or “incorporated by reference” in future filings with the SEC, or subject to the liabilities of Section 18 of the Exchange Act, except to the extent that the Company specifically incorporates it by reference into a document filed under the Securities Act of 1933, as amended, or the Exchange Act.

Audit and Risk Committee Report

The Audit and Risk Committee of the Board of Directors of Ameren Corporation (“Ameren”) reviews Ameren Illinois Company’s financial reporting process on behalf of Ameren Illinois Company’s Board of Directors. In fulfilling its responsibilities, the Audit and Risk Committee reviewed and discussed the audited financial statements of Ameren Illinois Company included in the 2022 Form 10-K with Ameren Illinois Company’s management and the independent registered public accounting firm. Management is responsible for the financial statements and the reporting process, as well as maintaining effective internal control over financial reporting and assessing such effectiveness. The independent registered public accounting firm is responsible for expressing an opinion on the conformity of those audited financial statements with accounting principles generally accepted in the United States. Ameren Illinois Company is a “non-accelerated filer” with respect to the reporting requirements of the Securities Exchange Act of 1934, as amended, and therefore, is not required to comply with Section 404 of the Sarbanes-Oxley Act of 2002 and related SEC regulations as to the auditor’s attestation report on internal control over financial reporting.

In addition, in connection with its review of Ameren’s and Ameren Illinois Company’s annual audited financial statements, the Audit and Risk Committee has discussed with the independent registered public accounting firm the matters required by the applicable requirements of the Public Company Accounting Oversight Board and the Securities and Exchange Commission (“SEC”), has received and reviewed the written communications from the independent registered public accounting firm required by applicable requirements of the Public Company Accounting Oversight Board regarding PwC’s communications with the Audit and Risk Committee concerning independence, and has discussed with such accounting firm its independence. The Audit and Risk Committee also has considered whether the provision by the independent registered public accounting firm of non-audit services to Ameren is compatible with maintaining their independence.

To ensure the independence of the independent registered public accounting firm, Ameren has instituted monitoring processes at both the management level and the Audit and Risk Committee level. At the management level, the chief financial officer or the chief accounting officer is required to review and pre-approve all engagements of the independent registered public accounting firm for any category of services, subject to the pre-approval of the Audit and Risk Committee described above. In addition, the chief financial officer or the chief accounting officer is required to provide to the Audit and Risk Committee at each of its meetings (excluding meetings dedicated to cybersecurity matters or to the review of earnings press releases and reports on SEC Forms 10-Q and 10-K) a written description of all services to be performed by the independent registered public accounting firm and the corresponding estimated fees. The monitoring process at the Audit and Risk Committee level includes a requirement that the Committee pre-approve the performance of any services by the independent registered public accounting firm, except that pre-approvals of non-audit services may be delegated to a single member of the Committee. At each Audit and Risk Committee meeting (excluding meetings dedicated to cybersecurity matters or to the review of earnings press releases and reports on SEC Forms 10-Q and 10-K), the Committee receives a joint report from the independent registered public accounting firm and the chief financial officer or the chief accounting officer concerning audit fees and fees paid to the independent registered public accounting firm for all other services rendered, with a description of the services performed. The Audit and Risk Committee has considered whether the independent registered public accounting firm’s provision of the services covered under the captions “SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM — Fees for Fiscal Years 2021 and 2020 — Audit-Related Fees,” “— Tax Fees” and “— All Other Fees” in this information statement is compatible with

Ameren Illinois Company

TABLE OF CONTENTS

maintaining the independent registered public accounting firm’s independence and has concluded that the independent registered public accounting firm’s independence has not been impaired by its engagement to perform these services.

In reliance on the reviews and discussions referred to above, the Audit and Risk Committee recommended to the Boards of Directors of Ameren and Ameren Illinois Company that Ameren Illinois Company’s audited financial statements be included in Ameren Illinois Company’s 2022 Form 10-K, for filing with the SEC.

Ameren Audit and Risk Committee:

J. Edward Coleman, Chairman
Catherine S. Brune
Ward H. Dickson
Noelle K. Eder
Leo S. Mackay, Jr.

2023 Information Statement

TABLE OF CONTENTS

Security Ownership

Securities of the Company

As shown in the table below, all of the outstanding shares of our common stock are owned by Ameren. Of the 487,508 outstanding shares of our class of preferred stock, no shares were owned by our directors, nominees for director and executive officers as of March 13, 2023. To our knowledge, there are no beneficial owners of five percent or more of the outstanding shares of our class of preferred stock as of March 13, 2023. As discussed under “QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING AND VOTING” above, our common stock and preferred stock shareholders vote together as a single class on matters submitted to a vote at the Annual Meeting. No independent inquiry has been made to determine whether any shareholder is the beneficial owner of shares not registered in the name of such shareholder or whether any shareholder is a member of a shareholder group.

Name and Address of Beneficial Owner

Shares of Common Stock
Owned Beneficially at
March 14, 2022

Percent of Common Stock (%)

Ameren Corporation
One Ameren Plaza
1901 Chouteau Avenue
St. Louis, MO 63103

25,452,373

100

Securities of Ameren

The following table sets forth certain information known to the Company with respect to beneficial ownership of Ameren common stock as of March 13, 2023, for (i) each director and nominee for director of the Company, (ii) each NEO as named in the Summary Compensation Table above, and (iii) all current executive officers, directors and nominees for director as a group.

Name

Number of Shares of
Ameren Common Stock
Beneficially Owned(1)

Percent
Owned(2)

Warner L. Baxter

200,101

Martin J. Lyons, Jr.

171,217

Richard J. Mark

11,604

Michael L. Moehn

126,677

Chonda J. Nwamu

19,886

Theresa A. Shaw

23,279

Leonard P. Singh

Patrick E. Smith

14,920

All current executive officers, directors, and nominees for director as a group (9 persons)

619,822

Less than one percent.

(1)

This column lists voting securities. None of the named individuals held shares issuable within 60 days upon the exercise of Ameren stock options or the vesting of RSUs. Reported shares include those for which a director, nominee for director or executive officer has voting or investment power because of joint or fiduciary ownership of the shares or a relationship with the record owner, most commonly a spouse, even if such director, nominee for director or executive officer does not claim beneficial ownership.

(2)

For each individual and group included in the table, percentage ownership is calculated by dividing the number of shares beneficially owned by such person or group as described above by the sum of the 262,475,443 shares of Ameren common stock outstanding on March 13, 2023 and the number of shares of Ameren common stock that such person or group had the right to acquire on or within 60 days of March 13, 2023.

Since 2003, Ameren has had a policy which prohibits directors and executive officers from engaging in pledges of Ameren securities or short sales, margin accounts and hedging or derivative transactions with respect to Ameren securities. In addition, since 2013,

Ameren Illinois Company

TABLE OF CONTENTS

Security Ownership

Ameren has had a policy which prohibits directors and employees of Ameren and its subsidiaries, including the Company, from entering into any transaction which hedges (or offsets) any decrease in the value of Ameren equity securities that are (1) granted by Ameren to the director or employee as part of compensation or (2) held, directly or indirectly, by the director or employee.

The address of all persons listed above is c/o Ameren Illinois Company, 10 Richard Mark Way, Collinsville, Illinois 62234.

Stock Ownership Requirement for Named Executive Officers and Members of the Senior Leadership Team

The stock ownership requirements applicable to the NEOs are described above under “EXECUTIVE COMPENSATION — COMPENSATION DISCUSSION AND ANALYSIS.” The Company also has stock ownership requirements applicable to members of the Senior Leadership Team. These requirements are included in Ameren’s Corporate Governance Guidelines, which are available on Ameren’s website or upon request to the Company, as described herein.

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires the Company’s directors and executive officers and persons who own more than ten percent of the Company’s common stock to file reports of their ownership in the Company’s preferred stock, and, in some cases, of its ultimate parent’s common stock, and of changes in that ownership with the SEC. SEC regulations also require the Company to identify in this information statement any person subject to this requirement who failed to file any such report on a timely basis. To our knowledge, based solely on a review of the filed reports and written representations that no other reports are required, we believe that each of the Company’s directors and executive officers complied with all such filing requirements during 2022, with the exception of a Form 4 filing that, due to an administrative delay, was filed by Mr. Singh on July 7, 2022, to report certain RSU awards granted as of July 1, 2022.

Shareholder Proposals

Any shareholder proposal submitted under Rule 14a-8 of the Exchange Act and intended for inclusion in the information statement for the Company’s 2023 annual meeting of shareholders must be received by the Secretary of the Company on or before November 28, 2023.

In addition, under our Bylaws, shareholders who intend to submit a proposal in person at an annual meeting, or who intend to nominate a director at the 2023 annual meeting, must provide advance written notice along with other prescribed information. In general, such notice must be received by the Secretary of the Company at our principal executive offices not later than 60 days or earlier than 90 days prior to the anniversary of the previous year’s annual meeting (i.e., not later than March 12, 2024 or earlier than February 10, 2024). The specific procedures to be used by shareholders to recommend nominees for director are set forth in Ameren’s Policy Regarding Nominations of Directors, which can be found on Ameren’s website at www.amereninvestors.com. The specific procedures to be used by shareholders to submit a proposal in person at an annual meeting are set forth in the Company’s Bylaws. The chairman of the meeting may refuse to allow the transaction of any business, or to acknowledge the nomination of any person, not made in compliance with the procedures set forth in the Company’s Bylaws and, in the case of nominations, Ameren’s Director Nomination Policy. Copies of the Company’s Bylaws and Director Nomination Policy may be obtained upon written request to the Secretary of the Company.

2023 Information Statement

TABLE OF CONTENTS

Security Ownership

Form 10-K

A copy of Ameren’s 2022 Form 10-K, including the Company’s financial statements for the year ended December 31, 2022, is being furnished with this information statement. The 2022 Form 10-K is also available on Ameren’s website at www.amereninvestors.com. If requested, we will provide you copies of any exhibits to the 2022 Form 10-K upon the payment of a fee covering our reasonable expenses in furnishing the exhibits. You can request exhibits to the 2022 Form 10-K by writing to the Office of the Secretary, Ameren Illinois Company, P.O. Box 66149, St. Louis, Missouri 63166-6149.

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 Financial Info 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.

Ameren Illinois Company

0000018654 3 2022-01-01 2022-12-31

Ameren Illinois (AILIN) DEF 14CInformation statement