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AES (AES) grants 44,483 RSUs to EVP and General Counsel Freedman

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AES CORP executive Paul L. Freedman reported an equity award rather than an open‑market trade. He received 44,483 Restricted Stock Units (RSUs) of AES Common Stock under The AES Corporation 2025 Equity and Incentive Compensation Plan.

The RSUs generally vest in three annual installments on April 23, 2027, April 23, 2028, and April 23, 2029, if he remains employed with AES. Each RSU converts into one share of AES Common Stock upon vesting.

After this award, Freedman holds 223,154 AES Common Stock shares directly and 3,130 shares indirectly through a 401(k) plan. Footnote disclosure states he acquired no additional shares through The AES Corporation Retirement Savings Plan since the prior Form 4.

Positive

  • None.

Negative

  • None.
Insider Freedman Paul L
Role EVP, GC and Corp. Secretary
Type Security Shares Price Value
Grant/Award Common Stock 44,483 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 223,154 shares (Direct, null); Common Stock — 3,130 shares (Indirect, By 401(k) Plan)
Footnotes (1)
  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. 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.
RSU award size 44,483 RSUs Grant of Restricted Stock Units on April 23, 2026
RSU grant price $0.00 per unit Compensation grant, not open‑market purchase
Direct holdings after grant 223,154 shares AES Common Stock directly owned following RSU award
Indirect 401(k) holdings 3,130 shares AES Common Stock held indirectly via 401(k) plan
Vesting installments 3 annual tranches RSUs vest on April 23, 2027, 2028, and 2029
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"
401(k) Plan financial
"Common Stock, nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Freedman Paul L
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, GC and Corp. Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/23/2026A44,483(1)A$0223,154D
Common Stock3,130(2)IBy 401(k) Plan
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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/ Paul L. Freedman04/24/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AES (AES) report for Paul L. Freedman?

AES reported that Paul L. Freedman received 44,483 Restricted Stock Units as an equity award. These RSUs were granted at no cash cost to him and are part of his compensation under AES’s 2025 Equity and Incentive Compensation Plan.

How do Paul L. Freedman’s new AES RSUs vest over time?

The 44,483 RSUs generally vest in three equal annual installments on April 23, 2027, April 23, 2028, and April 23, 2029. Vesting depends on his continued employment with AES and compliance with the award’s terms and conditions.

How many AES shares will Paul L. Freedman receive from the RSU award?

Each RSU entitles Paul L. Freedman to one share of AES Common Stock upon vesting. If all 44,483 RSUs vest under the plan’s conditions, he would receive 44,483 AES Common Stock shares over the 2027–2029 vesting schedule.

What are Paul L. Freedman’s AES share holdings after this Form 4?

Following the RSU grant, Paul L. Freedman holds 223,154 AES Common Stock shares directly. He also has 3,130 AES shares indirectly through a 401(k) plan, reflecting ownership inside a retirement savings vehicle rather than in a regular brokerage account.

Did Paul L. Freedman buy or sell AES stock in the market?

The filing shows an equity award, not an open‑market trade. Freedman received 44,483 RSUs at a price of $0.00 per unit as compensation, and the Form 4 does not report any market purchases or sales of AES Common Stock.

What does the AES Retirement Savings Plan disclosure say about new AES shares?

A footnote states that since the last Form 4 on February 26, 2026, Paul L. Freedman acquired no additional AES Common Stock shares through The AES Corporation Retirement Savings Plan, based on a plan statement dated April 15, 2026.