AES EVP receives 46,552 RSUs in equity grant

AES CORP executive Tish Mendoza reported a new equity award and updated share holdings.

Rhea-AI Filing Summary

AES CORP executive Tish Mendoza reported a new equity award and updated share holdings. She received 46,552 Restricted Stock Units (RSUs) under The AES Corporation 2025 Equity and Incentive Compensation Plan at no cash cost. These RSUs generally vest in three annual installments on April 23, 2027, April 23, 2028, and April 23, 2029, contingent on her continued employment, and each RSU converts into one share of AES common stock when vested.

After this award, she directly holds 334,972 shares of AES common stock and indirectly holds 30,107 shares through a 401(k) plan, with no additional 401(k) acquisitions since the last Form 4 based on an April 15, 2026 plan statement.

Insider Trade Summary

Grant/Award: 46,552 shares

Grant/Award 2 txns

Insider Mendoza Tish

Role EVP & Chief HR Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	46,552	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 334,972 shares (Direct); Common Stock — 30,107 shares (Indirect, by 401(k))

Footnotes (2)

1. F1. 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.
2. F2. Since the last Form 4 filing on February 26, 2026, the reporting person acquired no additional shares of AES Common Stock pursuant to The AES Corporation Retirement Savings Plan. This information is based on a plan statement dated April 15, 2026.

Key Figures

RSU grant size: 46,552 units Grant price per share: $0.0000 Direct shares after award: 334,972 shares +4 more

7 metrics

RSU grant size 46,552 units Restricted Stock Units granted on April 23, 2026

Grant price per share $0.0000 Reported price for RSU award

Direct shares after award 334,972 shares Common stock directly held after RSU grant

Indirect 401(k) shares 30,107 shares Common stock held indirectly by 401(k) plan

First vesting date April 23, 2027 Initial RSU vesting installment

Second vesting date April 23, 2028 Second RSU vesting installment

Third vesting date April 23, 2029 Final RSU vesting installment

Key Terms

Restricted Stock Unit ("RSU"), Equity and Incentive Compensation Plan, Retirement Savings Plan, vest

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"

Equity and Incentive Compensation Plan financial

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

Retirement Savings Plan financial

"acquired no additional shares of AES Common Stock pursuant to The AES Corporation Retirement Savings Plan"

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.

FAQ

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

What did AES (AES) executive Tish Mendoza report in this Form 4 filing?

Tish Mendoza reported receiving 46,552 Restricted Stock Units as compensation and updated her AES common stock holdings. The award was granted at no cash cost and vests over three years, increasing her potential future ownership if the RSUs fully vest.

How many AES (AES) shares does Tish Mendoza hold after the reported transactions?

After the reported transactions, Tish Mendoza directly holds 334,972 shares of AES common stock and indirectly holds 30,107 shares through a 401(k) plan. These totals reflect her position following the RSU grant disclosed in the filing.

What are the vesting terms of Tish Mendoza’s new AES (AES) RSU award?

The 46,552 RSU award generally vests in three equal annual installments on April 23, 2027, April 23, 2028, and April 23, 2029. Vesting requires her continued employment with AES on each vesting date, according to the plan terms.

How do the RSUs granted to Tish Mendoza convert into AES (AES) shares?

Each Restricted Stock Unit entitles Tish Mendoza to receive one share of AES common stock upon vesting. As the RSUs vest on scheduled dates, they convert into common shares, increasing her actual share ownership if she meets the employment conditions.

Did Tish Mendoza buy or sell any AES (AES) shares in the company retirement plan?

The filing states she acquired no additional AES common shares through The AES Corporation Retirement Savings Plan since the prior Form 4. The 30,107 shares reported reflect a plan statement dated April 15, 2026, and represent existing indirect holdings.

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

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Accepted by SEC EDGAR 04/24/2026 - 04:18 PM 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^*

Mendoza Tish

(Last) (First) (Middle)

4300 WILSON BOULEVARD

(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 & Chief HR Officer

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		46,552(1)	A	$0	334,972	D
Common Stock								30,107(2)	I	by 401(k)

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.

2. Since the last Form 4 filing on February 26, 2026, the reporting person acquired no additional shares of AES Common Stock pursuant to The AES Corporation Retirement Savings Plan. This information is based on a plan statement dated April 15, 2026.

	/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)