AES Corp (AES) director receives 12,111 stock units award

Rhea-AI Filing Summary

Laulis Julia M. reported acquisition or exercise transactions in this Form 4 filing.

AES CORP director Julia M. Laulis received a grant of 12,111 stock units tied to AES common stock. Each unit is economically equivalent to one AES share and will be settled in common stock after she leaves the Board, under The AES Corporation 2025 Equity and Incentive Compensation Plan.

Following this award, she holds 109,189 units in total, reflecting routine equity-based director compensation rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Laulis Julia M.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Units	12,111	$0.00	--

Holdings After Transaction: Units — 109,189 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock units granted: 12,111 units Total units after transaction: 109,189 units Underlying common stock: 12,111 shares +1 more

4 metrics

Stock units granted 12,111 units Director equity award on April 29, 2026

Total units after transaction 109,189 units Director’s derivative holdings following grant

Underlying common stock 12,111 shares Shares underlying the new stock unit grant

Grant price $0.0000 per unit Equity compensation, not an open-market purchase

Key Terms

stock unit, economic equivalent, 2025 Equity and Incentive Compensation Plan

3 terms

stock unit financial

"Each stock unit is the economic equivalent of one share of AES Common Stock."

economic equivalent financial

"Each stock unit is the economic equivalent of one share of AES Common Stock."

2025 Equity and Incentive Compensation Plan financial

"under The AES Corporation 2025 Equity and Incentive Compensation Plan."

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^*

Laulis Julia M.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

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

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
Units	(1)	04/29/2026		A		12,111		(1)	(1)	Common Stock	12,111	$0	109,189	D

Explanation of Responses:

1. Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2025 Equity and Incentive Compensation Plan.

Remarks:

Exhibit 24.1 Power of Attorney

	/s/ Jennifer Gillcrist, Attorney-in-fact	05/01/2026
	** 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) disclose for Julia M. Laulis?

AES disclosed that director Julia M. Laulis received 12,111 stock units as compensation. These units are economically equivalent to AES common shares and increase her total holdings to 109,189 units, aligning her interests with shareholders through additional equity exposure.

Is the Julia M. Laulis Form 4 transaction in AES stock a purchase or a grant?

The filing shows a grant of 12,111 stock units to director Julia M. Laulis, coded as an acquisition award. It is not an open-market purchase; it represents equity compensation under AES’s 2025 Equity and Incentive Compensation Plan.

How many AES-related units does Julia M. Laulis hold after this Form 4 transaction?

After receiving the 12,111-unit grant, Julia M. Laulis holds 109,189 stock units linked to AES common stock. This figure reflects her total direct derivative holdings reported in the filing following the compensation award.

What do the AES stock units granted to Julia M. Laulis represent?

Each stock unit granted to Julia M. Laulis is the economic equivalent of one AES common share. They are designed to mirror the value of AES stock and will ultimately be settled in shares rather than in cash, according to the filing.

When will Julia M. Laulis’s AES stock units be settled into common shares?

The stock units will be settled for AES common shares after Julia M. Laulis terminates service on the Board. Settlement timing follows her director election form under The AES Corporation 2025 Equity and Incentive Compensation Plan.

Under which plan were the AES stock units granted to Julia M. Laulis?

The 12,111 stock units were granted under The AES Corporation 2025 Equity and Incentive Compensation Plan. This plan provides equity-based awards to directors, aligning their compensation with AES’s long-term share performance.