AES CORP (NYSE: AES) EVP receives 48,276 RSU equity grant vesting through 2029

Rhea-AI Filing Summary

AES CORP executive Juan Ignacio Rubiolo received an equity award of 48,276 Restricted Stock Units (RSUs). The RSUs were granted under The AES Corporation 2025 Equity and Incentive Compensation Plan and will generally vest in three equal annual installments on April 23, 2027, April 23, 2028, and April 23, 2029, contingent on his continued employment. Each RSU converts into one share of AES common stock upon vesting, and his direct holdings after this grant total 275,911 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rubiolo Juan Ignacio

Role EVP, COO, Pres., Energy Infra.

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	48,276	$0.00	--

Holdings After Transaction: Common Stock — 275,911 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 48,276 RSUs Vesting schedule: 3 annual installments Post-transaction holdings: 275,911 shares +1 more

4 metrics

RSU grant size 48,276 RSUs Award under 2025 Equity and Incentive Compensation Plan

Vesting schedule 3 annual installments On April 23, 2027, 2028, and 2029

Post-transaction holdings 275,911 shares Common stock directly held after grant

RSU-to-share ratio 1:1 Each RSU entitles holder to one AES common share

Key Terms

Restricted Stock Unit ("RSU"), 2025 Equity and Incentive Compensation Plan, vest, continued employment

4 terms

Restricted Stock Unit ("RSU") financial

"This Restricted Stock Unit ("RSU") award was granted pursuant to The AES Corporation 2025 Equity and Incentive Compensation Plan"

2025 Equity and Incentive Compensation Plan financial

"award was granted pursuant to The AES Corporation 2025 Equity and Incentive Compensation Plan and will generally vest in three annual installments"

vest financial

"will generally vest in three annual installments on April 23, 2027, April 23, 2028, and April 23, 2029"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

continued employment financial

"subject to the reporting person's continued employment with AES on each such date and the terms and conditions of the award"

Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rubiolo Juan Ignacio

(Last) (First) (Middle)

4300 WILSON BLVD.

(Street)

ARLINGTON VIRGINIA 22203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AES CORP [ AES ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, COO, Pres., Energy Infra.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/23/2026		A		48,276(1)	A	$0	275,911	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This Restricted Stock Unit ("RSU") award was granted pursuant to The AES Corporation 2025 Equity and Incentive Compensation Plan and will generally vest in three annual installments on April 23, 2027, April 23, 2028, and April 23, 2029, subject to the reporting person's continued employment with AES on each such date and the terms and conditions of the award. Each RSU entitles the holder to one share of AES Common Stock.

	/s/ Jennifer Gillcrist, attorney-in-fact	04/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did AES (AES) report for Juan Ignacio Rubiolo?

AES reported that executive Juan Ignacio Rubiolo received a grant of 48,276 Restricted Stock Units. These RSUs were issued under the 2025 Equity and Incentive Compensation Plan and represent additional stock-based compensation rather than an open-market share purchase.

How will Juan Ignacio Rubiolo’s 48,276 AES RSUs vest?

The 48,276 AES RSUs will generally vest in three annual installments. Vesting dates are April 23, 2027, April 23, 2028, and April 23, 2029, and each installment is subject to Rubiolo’s continued employment with AES on the applicable vesting date.

What does each AES RSU granted to Juan Ignacio Rubiolo represent?

Each AES Restricted Stock Unit granted to Rubiolo represents the right to receive one share of AES common stock. When the RSUs vest on their scheduled dates, they convert into common shares, providing stock-based compensation tied to his continued service.

How many AES shares does Juan Ignacio Rubiolo hold after this RSU grant?

Following the grant of 48,276 RSUs, Juan Ignacio Rubiolo is reported to directly hold 275,911 shares of AES common stock. This figure reflects his ownership after the reported transaction, combining previously held shares and the new award position.

Under which plan were Juan Ignacio Rubiolo’s AES RSUs granted?

Rubiolo’s RSUs were granted under The AES Corporation 2025 Equity and Incentive Compensation Plan. This plan governs equity and incentive awards for eligible participants, including executives, and sets the terms, conditions, and vesting schedules for such stock-based compensation.