AES (AES) EVP Tish Mendoza reports automatic tax-withholding of 1,487 shares

Rhea-AI Filing Summary

AES CORP executive Tish Mendoza reported an automatic tax-related share disposition. On February 24, 2026, 1,487 shares of AES common stock were withheld at $16.27 per share to cover taxes upon vesting of one-third of the Restricted Stock Units granted on February 24, 2023.

After this tax-withholding disposition, Mendoza directly owned 288,420 AES shares. The filing also shows 30,107 shares held indirectly through The AES Corporation Retirement Savings Plan, with the plan statement dated February 25, 2026 indicating no additional plan shares acquired since the last Form 4 filing on February 24, 2026.

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

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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^*

Mendoza Tish

(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 & Chief HR Officer

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		1,487(1)	D	$16.27	288,420	D
Common Stock								30,107(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.
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FAQ

What insider transaction did AES (AES) EVP Tish Mendoza report?

Tish Mendoza reported an automatic tax-withholding disposition of 1,487 AES common shares at $16.27 per share. The shares were withheld in connection with the vesting and settlement of one-third of Restricted Stock Units originally granted on February 24, 2023.

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

The transaction was not an open-market sale; it was a tax-withholding disposition coded "F." Shares were automatically withheld by the company to satisfy tax obligations tied to RSU vesting, rather than sold at the executive’s discretion in the open market.

How many AES (AES) shares does Tish Mendoza own after this Form 4?

Following the tax-withholding disposition, Tish Mendoza directly owned 288,420 AES common shares. The Form 4 also shows 30,107 additional shares held indirectly through The AES Corporation Retirement Savings Plan, based on a plan statement dated February 25, 2026.

What equity award triggered the AES (AES) tax withholding for Tish Mendoza?

The tax withholding was triggered by the vesting and settlement of one-third of Restricted Stock Units granted on February 24, 2023. When this RSU tranche vested, the company automatically withheld 1,487 shares to cover associated tax liabilities for the executive.

Did Tish Mendoza acquire any new AES (AES) shares through the 401(k) plan?

According to the Form 4 footnote, Mendoza acquired no additional AES common shares through The AES Corporation Retirement Savings Plan since the last Form 4 filed on February 24, 2026. The 30,107 shares reported are based on a plan statement dated February 25, 2026.

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

Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,487 AES shares were automatically withheld to satisfy tax obligations related to vesting Restricted Stock Units, rather than being voluntarily sold on the market.