AES (NYSE: AES) CFO reports automatic tax-withholding on vested RSUs

Rhea-AI Filing Summary

AES Corp executive Stephen Coughlin reported an automatic tax-withholding share disposition tied to restricted stock vesting. On February 24, 2026, one-third of his Restricted Stock Units granted on February 24, 2023 vested, and 1,669 shares of AES common stock were withheld to cover tax obligations. After this tax-withholding disposition, he directly holds 215,149 AES common shares.

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^*

Coughlin Stephen

(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 and CFO

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		1,669(1)	D	$16.27	215,149	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 one-third of the Restricted Stock Units granted on February 24, 2023.

	/s/ Jennifer V. 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) executive Stephen Coughlin report?

Stephen Coughlin reported an automatic tax-withholding disposition of 1,669 AES common shares. The shares were withheld in connection with the vesting and settlement of one-third of his Restricted Stock Units granted on February 24, 2023, to satisfy tax obligations.

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

No, the Form 4 transaction was a tax-withholding disposition, not an open-market sale. Shares were automatically withheld when one-third of previously granted Restricted Stock Units vested and settled, covering associated tax liabilities rather than reflecting discretionary trading activity.

How many AES (AES) shares were involved in Stephen Coughlin’s tax withholding?

A total of 1,669 AES common shares were withheld for taxes. This occurred when one-third of the Restricted Stock Units granted to Stephen Coughlin on February 24, 2023 vested and settled, triggering automatic share withholding to satisfy tax liabilities.

How many AES (AES) shares does Stephen Coughlin hold after the reported transaction?

After the tax-withholding disposition, Stephen Coughlin directly holds 215,149 AES common shares. This figure reflects his ownership following the automatic withholding of 1,669 shares tied to the vesting and settlement of previously granted Restricted Stock Units.

What triggered the tax-withholding disposition reported by AES (AES) EVP and CFO?

The disposition was triggered by the vesting and settlement of one-third of Restricted Stock Units granted on February 24, 2023. When these units vested, 1,669 AES common shares were automatically withheld to cover related tax liabilities, as disclosed in the Form 4 footnote.