AES executive logs tax-withholding share disposal

AES Corp executive Ricardo Manuel Falu reported an automatic share disposition tied to equity compensation.

Rhea-AI Filing Summary

AES Corp executive Ricardo Manuel Falu reported an automatic share disposition tied to equity compensation. On the vesting and settlement of one-third of Restricted Stock Units granted on February 24, 2023, 992 shares of AES common stock were withheld at $16.27 per share to cover tax obligations, rather than sold in the open market.

Following this tax-withholding disposition, Falu directly holds 235,589 shares of AES common stock, reflecting his updated ownership after the RSU vesting event.

Insider Trade Summary

Exercise Price or Tax Liability: 992 shares

Exercise Price or Tax Liability 1 txn

Insider Falu Ricardo Manuel

Role EVP, COO, Pres. New Enrgy Tech

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	992	$16.27	$16K

Holdings After Transaction: Common Stock — 235,589 shares (Direct)

Footnotes (1)

1. F1. Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the Restricted Stock Units granted on February 24, 2023.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AES (AES) report for Ricardo Manuel Falu?

AES reported an automatic tax-withholding disposition by executive Ricardo Manuel Falu. In connection with RSU vesting, 992 common shares were withheld to cover taxes, rather than sold on the open market, updating his direct ownership position.

How many AES (AES) shares were disposed of for taxes in this Form 4?

The Form 4 shows 992 AES common shares disposed of for tax withholding. This occurred when one-third of previously granted Restricted Stock Units vested and settled, triggering automatic share withholding to satisfy associated tax liabilities.

At what price were the AES (AES) shares valued for the tax-withholding disposition?

The 992 AES common shares used for tax withholding were valued at $16.27 per share. This valuation applies to the automatic disposition tied to the vesting and settlement of one-third of the Restricted Stock Units granted on February 24, 2023.

How many AES (AES) shares does Ricardo Manuel Falu hold after this transaction?

After the tax-withholding disposition, Ricardo Manuel Falu directly holds 235,589 AES common shares. This updated balance reflects his ownership position following the automatic withholding of 992 shares upon RSU vesting and settlement on the reported date.

Was the AES (AES) insider transaction an open-market sale by the executive?

No, the transaction was not an open-market sale. It was an automatic tax-withholding disposition of 992 shares triggered by RSU vesting, where shares are surrendered to satisfy tax liabilities rather than sold at the executive’s discretion.

What triggered the tax-withholding share disposition reported by AES (AES)?

The disposition was triggered by the vesting and settlement of one-third of Restricted Stock Units granted on February 24, 2023. When these RSUs vested, 992 common shares were automatically withheld to cover related tax obligations for the executive.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/26/2026 - 04:10 PM EST Learn about SEC filing dates

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^*

Falu Ricardo Manuel

(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, COO, Pres. New Enrgy Tech

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		992(1)	D	$16.27	235,589	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 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).
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