Paul L. Freedman - 20 Feb 2026 Form 4 Insider Report for AES CORP (AES)

Role
EVP, GC and Corp. Secretary
Signature
/s/ Paul L. Freedman
Issuer symbol
AES
Transactions as of
20 Feb 2026
Net transactions value
-$363,831
Form type
4
Filing time
24 Feb 2026, 16:22:10 UTC
Previous filing
26 Feb 2025
Next filing
26 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Freedman Paul L EVP, GC and Corp. Secretary 4300 WILSON BLVD, ARLINGTON /s/ Paul L. Freedman 24 Feb 2026 0001732841

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AES Common Stock Award $0 +25,658 +17% $0.000000 174,118 20 Feb 2026 Direct F1
transaction AES Common Stock Award $0 +27,978 +16% $0.000000 202,096 20 Feb 2026 Direct F2
transaction AES Common Stock Tax liability $213,524 -12,933 -6.4% $16.51 189,163 20 Feb 2026 Direct F3
transaction AES Common Stock Tax liability $59,865 -3,626 -1.9% $16.51 185,537 20 Feb 2026 Direct F4
transaction AES Common Stock Tax liability $90,442 -5,478 -3% $16.51 180,059 20 Feb 2026 Direct F5
holding AES Common Stock 3,130 20 Feb 2026 By 401(k) Plan F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Restricted Stock Unit ("RSU") award was granted pursuant to The AES Corporation 2025 Equity and Incentive Compensation Plan and will generally vest in three annual installments on February 20, 2027, February 20, 2028, and February 20, 2029, subject to the reporting person's continued employment with AES on each such date and the terms and conditions of the award. Each RSU entitles the holder to one share of AES Common Stock.
F2 This Performance Stock Unit ("PSU") award was granted on February 24, 2023 pursuant to The AES Corporation 2003 Long Term Compensation Plan. After the prescribed three year performance period, the AES Board of Directors approved the performance value for the grant on February 20, 2026. Each earned PSU entitles the holder to one share of AES Common Stock.
F3 Reflects automatic tax withholding of shares in connection with the vesting and settlement of PSUs granted on February 24, 2023.
F4 Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the RSUs granted on February 22, 2024.
F5 Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the RSUs granted on February 21, 2025.
F6 Since the last Form 4 filing on February 26, 2025, the reporting person acquired 156 additional shares of AES Common Stock pursuant to The AES Corporation Retirement Savings Plan. This information is based on a plan statement dated February 17, 2026.

Remarks:

Exhibit 24.1 Power of Attorney