AES CORP executive Juan Ignacio Rubiolo received an equity award of 48,276 Restricted Stock Units (RSUs). The RSUs were granted under The AES Corporation 2025 Equity and Incentive Compensation Plan and will generally vest in three equal annual installments on April 23, 2027, April 23, 2028, and April 23, 2029, contingent on his continued employment. Each RSU converts into one share of AES common stock upon vesting, and his direct holdings after this grant total 275,911 shares.
The AES Corporation is reshaping parts of its finance and leadership team. Effective May 7, 2026, Sherry Kohan will move from Senior Vice President and Chief Accounting Officer to become Chief Financial Officer of AES’ U.S. Utilities business. On the same date, the Board appointed Aubrey Jarred, age 40, as Vice President and Controller and designated her as the company’s principal accounting officer.
Jarred has led AES’ global technical accounting and internal control functions since 2022 and previously held senior reporting and accounting roles at LKQ Corporation after starting her career in audit at KPMG. Her package includes a $315,000 base salary, an annual bonus target equal to 50% of salary, and long-term incentive targets of $189,000, along with standard executive benefits and indemnification. Separately, effective April 16, 2026, Bernerd Da Santos will transition from Executive Vice President and President of US & Renewables to Chairman of the AES Clean Energy Board and Senior Strategic Advisor to the President.
The Vanguard Group filed Amendment No. 14 to Schedule 13G/A for AES Corp Common Stock stating it beneficially owns 0 shares (0%). The filing explains an internal realignment on January 12, 2026 that disaggregated certain Vanguard subsidiaries and business divisions, which will report beneficial ownership separately going forward. The filing is signed by Ashley Grim, Head of Global Fund Administration, on March 26, 2026.
The AES Corporation is asking stockholders to vote at its 2026 virtual annual meeting on April 29, 2026 on four items: electing directors, an advisory vote on executive pay, ratifying Ernst & Young LLP as auditor for 2026, and, if properly presented, a non-binding proposal on stockholders’ ability to call special meetings. The meeting will be held online for stockholders of record as of March 12, 2026, when 713,071,623 common shares were outstanding, each with one vote. AES also highlights that it has entered into a definitive agreement for Horizon Parent, L.P. to acquire AES for $15.00 per share in cash, implying an equity value of about $10.7 billion, subject to stockholder and regulatory approvals and other conditions, with closing expected in late 2026 or early 2027. The proxy details governance practices, board composition, and pay-for-performance executive compensation policies, emphasizing independent board leadership, majority voting for directors, and strong alignment between incentive pay and company performance.
The AES Corporation filed an 8-K describing amendments to several financing agreements tied to its previously announced merger with Horizon Parent, L.P. AES entered Amendment No. 2 to its Eighth Amended and Restated Credit Agreement with Citibank on March 13, 2026, and a first amendment to a separate credit agreement with Sumitomo Mitsui Banking Corporation and a first amendment to a letter of credit agreement with Barclays Bank PLC on March 16, 2026. These changes adjust change of control provisions so AES can be directly or indirectly owned by Global Infrastructure Management, LLC, EQT Fund Management S.à r.l., Qatar Investment Authority and related investment vehicles, aligning its lending arrangements with the planned ownership structure.
The AES Corporation outlines a fast-growing renewables and utility platform for 2025. The company reports a global generation portfolio of 34,740 MW, with 54% of capacity from renewables and a renewables project backlog of 12.0 GW, including 5.7 GW under construction.
AES Clean Energy in the U.S. has a 46 GW development pipeline, 10,961 MW operating, 3,031 MW under construction and a 7.6 GW contracted backlog. In 2025, AES monetized $1.5 billion of U.S. renewables tax attributes and completed a $450 million minority sale of AGIC, meeting its $400–$500 million asset sale target.
U.S. utilities AES Indiana and AES Ohio are positioned for double‑digit rate base growth through 2027. AES Indiana secured a $71 million base rate increase in 2024 and has a proposed $90.7 million revenue increase under settlement, while AES Ohio’s 2024 distribution settlement added $167.9 million of annual distribution revenue.
The AES Corporation agreed to be acquired by Horizon Parent, L.P., an investor group led by Global Infrastructure Partners and EQT, in an all-cash merger. AES stockholders will receive $15.00 per share, implying about $10.7 billion in equity value and approximately $33.4 billion in enterprise value, a 40.3% premium to the 30-day average price before reports of a potential sale.
The deal is fully equity financed with no financing contingency and is expected to close in late 2026 or early 2027, subject to AES stockholder approval and extensive U.S. and foreign regulatory clearances. Parent may owe termination fees of up to $588 million in some scenarios, while AES may owe about $321 million in others.
AES highlights that the transaction avoids the need for large equity issuance or a material dividend cut to fund substantial post‑2027 growth needs. Separately, AES appointed Ricardo Falú as President and Juan Ignacio Rubiolo as Executive Vice President and Chief Operating Officer, while Andrés Gluski continues as Chief Executive Officer.
AES CORP senior executive Sherry Kohan reported a small tax-related share disposition. On February 24, 2026, 483 shares of AES common stock were automatically withheld at $16.27 per share to cover taxes tied to the vesting of one-third of restricted stock units granted on February 24, 2023.
After this tax-withholding disposition, Kohan directly holds 71,424 AES shares and indirectly holds 36,096 shares through a 401(k) plan. A plan statement dated February 25, 2026 shows no additional AES shares were acquired in the retirement plan since the prior Form 4.
AES CORP executive Juan Ignacio Rubiolo reported automatic share withholdings to cover taxes on vested equity awards. On the vesting of one-third of Restricted Stock Units granted on February 24, 2023, 4,036 and 1,597 AES common shares were disposed at $16.27 per share for tax-withholding purposes. After these non-market transactions, he directly holds 227,635 AES common shares.