AES (AES) exec withholds 9,240 shares for tax on RSU vesting

AES Corp (AES) executive Form 4 shows tax-related share withholding.

Rhea-AI Filing Summary

AES Corp (AES) executive Form 4 shows tax-related share withholding. On 11/19/2025, an officer listed as EVP, COO and President, New Energy Tech reported a disposition of 9,240 shares of common stock at $13.77 per share, coded "F" for tax withholding. The explanation states this reflects automatic tax withholding of shares tied to the vesting and settlement of 50% of Restricted Stock Units granted on November 19, 2021. Following this transaction, the reporting person beneficially owned 108,191 AES common shares in direct form.

Insider Trade Summary

Exercise Price or Tax Liability: 9,240 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	9,240	$13.77	$127K

Holdings After Transaction: Common Stock — 108,191 shares (Direct)

Footnotes (1)

1. F1. Reflects automatic tax withholding of shares in connection with the vesting and settlement of 50% of the Restricted Stock Units granted on November 19, 2021.

FAQ

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

What insider transaction did AES (AES) report in this Form 4?

The filing reports that an AES executive disposed of 9,240 shares of common stock on 11/19/2025, in a transaction coded "F" for tax withholding at a price of $13.77 per share.

Who is the reporting person in this AES (AES) Form 4 and what is their role?

The reporting person is an AES officer serving as EVP, COO, Pres. New Enrgy Tech, indicating a senior executive role at AES Corp.

Why were AES (AES) shares withheld in this Form 4 transaction?

The explanation states the 9,240 shares reflect automatic tax withholding in connection with the vesting and settlement of 50% of the Restricted Stock Units granted on November 19, 2021.

How many AES (AES) shares does the executive own after this reported transaction?

After the tax withholding transaction, the executive beneficially owned 108,191 shares of AES common stock, held in direct ownership form.

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

Transaction code "F" indicates a disposition of shares to cover tax withholding obligations associated with an equity award vesting, rather than an open-market sale.

Does this AES (AES) Form 4 report any derivative security activity?

The section for derivative securities is present but shows no completed entries, indicating no derivative securities were acquired or disposed of in the reported transaction.

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

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Accepted by SEC EDGAR 11/20/2025 - 04:05 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
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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)
11/19/2025

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	11/19/2025		F		9,240(1)	D	$13.77	108,191	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 50% of the Restricted Stock Units granted on November 19, 2021.

Remarks:

Exhibit 24.1 Power of Attorney

	/s/ Jennifer Gillcrist, attorney-in-fact	11/20/2025
	** 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.