AES (AES) EVP Rubiolo logs RSU-related tax-withholding stock disposals

Rhea-AI Filing Summary

AES CORP executive Juan Ignacio Rubiolo reported automatic share withholdings to cover taxes on vested equity awards. On the vesting of one-third of Restricted Stock Units granted on February 24, 2023, 4,036 and 1,597 AES common shares were disposed at $16.27 per share for tax-withholding purposes. After these non-market transactions, he directly holds 227,635 AES common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rubiolo Juan Ignacio

Role EVP and Pres., Energy Infrast.

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	4,036	$16.27	$66K
Tax Withholding	Common Stock	1,597	$16.27	$26K

Holdings After Transaction: Common Stock — 229,232 shares (Direct)

Footnotes (1)

1. Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the Restricted Stock Units ("RSUs") granted on February 24, 2023. Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the RSUs granted on February 24, 2023.

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

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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 VA 22203

(City) (State) (Zip)

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 and Pres., Energy Infrast.

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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

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

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

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	02/24/2026		F		4,036(1)	D	$16.27	229,232	D
Common Stock	02/24/2026		F		1,597(2)	D	$16.27	227,635	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. Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the Restricted Stock Units ("RSUs") granted on February 24, 2023.

2. Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the RSUs granted on February 24, 2023.

	/s/ Jennifer Gillcrist, attorney-in-fact	02/26/2026
	** 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.

FAQ

What did AES (AES) executive Juan Ignacio Rubiolo report on this Form 4?

He reported two tax-withholding dispositions of AES common stock tied to RSU vesting. These were automatic share withholdings to cover tax obligations, not open-market sales, and were connected to RSUs granted on February 24, 2023.

How many AES (AES) shares were disposed of for tax withholding on this Form 4?

A total of 4,036 and 1,597 AES common shares were disposed of for tax withholding. Both transactions occurred in connection with the vesting and settlement of one-third of previously granted Restricted Stock Units.

At what price were the AES (AES) tax-withholding shares valued in the Form 4?

Both tax-withholding dispositions used a share price of $16.27 for AES common stock. This price was applied to the 4,036-share and 1,597-share transactions associated with the RSU vesting and settlement event.

How many AES (AES) shares does Juan Ignacio Rubiolo hold after these transactions?

After the reported tax-withholding dispositions, he directly holds 227,635 AES common shares. This figure reflects his direct ownership following the automatic withholding related to the vesting of one-third of the February 24, 2023 RSU grant.

Were the AES (AES) Form 4 transactions open-market stock sales?

No, the transactions were not open-market sales. Both are coded as tax-withholding dispositions, reflecting automatic share withholding to satisfy tax obligations when one-third of the previously granted Restricted Stock Units vested and settled.