AES (AES) EVP reports 1,532-share tax withholding, holds 438k shares total

Rhea-AI Filing Summary

AES CORP executive Da Santos Bernerd reported a tax-related share disposition. On February 24, 2026, one transaction involved 1,532 shares of AES common stock withheld at a price of $16.27 per share to cover taxes upon vesting of previously granted Restricted Stock Units.

After this automatic tax-withholding disposition, Bernerd directly held 405,117 AES common shares and indirectly held 33,346 shares through a 401(k) plan. The filing notes that no additional AES shares were acquired through the company retirement savings plan since the prior Form 4.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Da Santos Bernerd

Role EVP and President, US & RENs.

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,532	$16.27	$25K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 405,117 shares (Direct); Common Stock — 33,346 shares (Indirect, by 401(k))

Footnotes (1)

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. Since the last Form 4 filing on February 24, 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 February 25, 2026.

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
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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^*

Da Santos Bernerd

(Last) (First) (Middle)

4300 WILSON BOULEVARD

(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 President, US & RENs.

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		1,532(1)	D	$16.27	405,117	D
Common Stock								33,346(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. 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.

2. Since the last Form 4 filing on February 24, 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 February 25, 2026.

	/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 insider transaction did AES (AES) report for Da Santos Bernerd?

AES reported a tax-related disposition where Da Santos Bernerd had 1,532 AES common shares automatically withheld. The shares were withheld at $16.27 per share to satisfy tax obligations from vesting Restricted Stock Units granted on February 24, 2023.

Was the AES (AES) Form 4 transaction an open-market sale?

No, the Form 4 describes an automatic tax-withholding disposition of 1,532 shares, not an open-market sale. The shares were withheld by AES in connection with vesting and settlement of Restricted Stock Units rather than being sold at the executive’s discretion.

How many AES (AES) shares does Da Santos Bernerd hold after this Form 4?

After the reported transaction, Da Santos Bernerd directly holds 405,117 AES common shares. In addition, the filing shows an indirect holding of 33,346 shares through a 401(k) plan sponsored by The AES Corporation Retirement Savings Plan.

What price per share was used for the AES (AES) tax withholding?

The tax-withholding disposition used a price of $16.27 per AES common share. This price is applied solely for the withholding calculation as part of settling tax liabilities on vested Restricted Stock Units, not as an open-market trade price.

Did Da Santos Bernerd acquire new AES (AES) shares through the retirement plan?

No, the filing states that since the last Form 4 on February 24, 2026, Da Santos Bernerd acquired no additional AES common shares through The AES Corporation Retirement Savings Plan, based on a plan statement dated February 25, 2026.

What does the F transaction code mean in the AES (AES) Form 4?

The F code indicates payment of tax liability by delivering or withholding securities. In this case, 1,532 AES shares were automatically withheld to satisfy tax obligations tied to vesting and settlement of Restricted Stock Units granted on February 24, 2023.