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Ameren Executive Compensation (FY25)

AEE · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 18, 2026
214 figures on this page: 204 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Martin Lyons, Chairman, President and Chief Executive Officer, Ameren, received $14,056,510 in total compensation for fiscal 2025, and Lyons' total was 44.5% higher than the $9,731,030 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 112:1, against median employee compensation of $125,070. Shareholders supported the say-on-pay proposal with 95.7% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025. The disclosed peer group names Alliant Energy Corporation, American Electric Power Company, Inc., CenterPoint Energy, Inc., CMS Energy Corporation and Consolidated Edison, Inc., among others.
Chief executive, fiscal 2025
◇
Martin Lyons
Median of the other named officers
$3,134,024
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Martin Lyons: $9,731,030 → $14,056,510 (44.5% higher)
Say-on-pay support: 95.8% → 95.7% (0.1 points lower)
CEO pay ratio: 76:1 → 112:1 (47.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Ameren's chief executive and what were they paid?
Martin Lyons, Chairman, President and Chief Executive Officer, Ameren, received $14,056,510 in total compensation for fiscal 2025. Lyons' total was 44.5% higher than the $9,731,030 reported for fiscal 2024.
What was Ameren's say-on-pay result?
Shareholders supported the say-on-pay proposal with 95.7% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Ameren's peer group?
The disclosed peer group names Alliant Energy Corporation, American Electric Power Company, Inc., CenterPoint Energy, Inc., CMS Energy Corporation and Consolidated Edison, Inc., among others. The 2025 TSR Peer Group includes Evergy, Inc., Exelon Corporation, IDACORP, Inc., PPL Corporation and The Southern Company.
What is Ameren's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 112:1, against median employee compensation of $125,070.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Martin Lyons
Chairman, President and Chief Executive Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Martin Lyons
Chairman, President and Chief Executive Officer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Martin Lyons
Chairman, President and Chief Executive Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Martin Lyons
Chairman, President and Chief Executive Officer, Ameren
◇—◇—◇◇◇◇
Michael Moehn
Group President, Ameren Utilities, Ameren
◇—◇—◇◇◇◇
Leonard Singh
Executive Vice President and Chief Financial Officer, Ameren
◇—◇—◇◇◇◇
Fadi Diya
Former Senior Vice President and Chief Nuclear Officer, Ameren Missouri
Departed during or after this year
◇—◇——◇◇◇
Mark Birk
Former Chairman and President, Ameren Missouri
Departed during or after this year
◇—◇——◇◇◇
Shawn Schukar
Chairman and President, Ameren Transmission Company of Illinois
◇—◇—◇◇◇◇
Mark Lindgren
Executive Vice President, Communications and Chief Human Resources Officer, Ameren Services
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Fadi DiyaPSU◇◇◇◇◇—◇
Leonard SinghPSU◇◇◇◇◇—◇
Mark BirkPSU◇◇◇◇◇—◇
Mark LindgrenPSU◇◇◇◇◇—◇
Martin LyonsPSU◇◇◇◇◇—◇
Michael MoehnPSU◇◇◇◇◇—◇
Shawn SchukarPSU◇◇◇◇◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael MoehnRSU◇◇——
PSU◇◇——
Martin LyonsPSU◇◇——
RSU◇◇——
Leonard SinghRSU◇◇——
PSU◇◇——
Mark LindgrenRSU◇◇——
PSU◇◇——
Mark BirkRSU◇◇——
PSU◇◇——
Shawn SchukarPSU◇◇——
RSU◇◇——
Fadi DiyaPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ellen M. Fitzsimmons
Lead independent director
◇◇————◇
Rafael Flores
◇◇————◇
Richard J. Harshman
◇◇————◇
Ward H. Dickson
◇◇————◇
Catherine S. Brune
◇◇————◇
Cynthia J. Brinkley
◇◇————◇
Steven H. Lipstein
◇◇————◇
Leo S. Mackay, Jr
◇◇————◇
Steven O. Vondran
◇◇————◇
Craig S. Ivey
◇◇————◇
Noelle K. Eder
◇◇————◇
James C. Johnson
◇◇————◇
Kimberly J. Harris
◇◇————◇
Timothy S. Rausch, Jamie L. Engstrom and Martin J. Lyons, Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Equity is delivered as common stock.
Stock ownership guideline: 5x base annual cash retainer ($625,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alliant Energy Corporation LNT
  • American Electric Power Company, Inc. AEP
  • CenterPoint Energy, Inc. CNP
  • CMS Energy Corporation CMS
  • Consolidated Edison, Inc. ED
  • Dominion Energy, Inc. D
  • DTE Energy Company DTE
  • Duke Energy Corporation DUK
  • Edison International EIX
  • Entergy Corporation ETR
  • Eversource Energy ES
  • FirstEnergy Corp. FE
  • NiSource Inc. NI
  • OGE Energy Corp. OGE
  • PG&E Corporation PCG
  • Pinnacle West Capital Corporation PNW
  • Portland General Electric Company POR
  • Public Service Enterprise Group Incorporated PEG
  • Sempra SRE
  • WEC Energy Group, Inc. WEC
  • Xcel Energy Inc. XEL
2025 TSR Peer Group
  • Evergy, Inc. EVRG
  • Exelon Corporation EXC
  • IDACORP, Inc. IDA
  • PPL Corporation PPL
  • The Southern Company SO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 2, 2019=◇◇◇
2016April 27, 2017=◇◇◇
2015April 28, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Ameren disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Ameren sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
214 figures on this page: 204 cited to the filing that reported them, 10 calculated from figures it prints.
204 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001104659-26-063184
  2. 0001104659-26-037756
    2025 DIRECTOR COMPENSATION TABLE · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · Director Compensation · and 2 more sections
  3. 0001104659-25-046956
  4. 0001104659-25-027821
    2024 SUMMARY COMPENSATION TABLE
  5. 0001104659-24-060607
  6. 0001104659-24-039037
    2023 SUMMARY COMPENSATION TABLE
  7. 0001104659-23-059889
  8. 0001104659-23-037751
    Summary Compensation Table
  9. 0001104659-22-060492
  10. 0001193125-21-155146
  11. 0001193125-20-139066
  12. 0001193125-19-138034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-17-151905
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-16-569447
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Ameren executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AEE (accessed 2026).
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers Ameren discloses

The companies named in AEE's own disclosed peer group.

Alliant Energy CorporationAmerican Electric Power Company, Inc.CenterPoint Energy, Inc.CMS Energy CorporationConsolidated Edison, Inc.Dominion Energy, Inc.DTE Energy CompanyDuke Energy CorporationEdison InternationalEntergy CorporationEversource EnergyFirstEnergy Corp.NiSource Inc.OGE Energy Corp.PG&E CorporationPinnacle West Capital CorporationPortland General Electric CompanyPublic Service Enterprise Group IncorporatedSempraWEC Energy Group, Inc.Xcel Energy Inc.Evergy, Inc.Exelon CorporationIDACORP, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy