Santos Bernerd Da - Feb 24, 2023 Form 4 Insider Report for AES CORP (AES)

Role
EVP and COO
Signature
/s/ Jennifer Gillcrist, attorney-in-fact
Stock symbol
AES
Transactions as of
Feb 24, 2023
Transactions value $
$717,670
Form type
4
Date filed
2/27/2023, 03:16 PM
Previous filing
Feb 22, 2023
Next filing
Nov 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AES Common Stock Award $822K +32.5K +13.95% $25.32 265K Feb 24, 2023 Direct F1
transaction AES Common Stock Tax liability -$371K -14.6K -5.52% $25.32 250K Feb 24, 2023 Direct F2
transaction AES Common Stock Tax liability -$58K -2.29K -0.91% $25.32 248K Feb 24, 2023 Direct F3
transaction AES Common Stock Award $325K +12.8K +5.16% $25.32 261K Feb 24, 2023 Direct F4
holding AES Common Stock - 401(k) 29.1K Feb 24, 2023 by 401(k) F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Performance Stock Unit ("PSU") award was granted on February 21, 2020 pursuant to The AES Corporation 2003 Long Term Compensation Plan. After the prescribed three year vesting period, the AES Board of Directors approved the performance value for the grant on February 24, 2023. Each earned PSU entitles the holder to one share of AES Common Stock.
F2 Reflects tax withholding in connection with the vesting and settlement of PSUs granted on February 21, 2020.
F3 Reflects tax withholding in connection with the vesting and settlement of one-third of the Restricted Stock Units granted February 24, 2022.
F4 This Restricted Stock Unit ("RSU") award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will generally vest in three annual installments, subject to the terms and conditions of the award. One-third of the RSUs will vest based on the reporting person's continued employment with AES or a subsidiary on each of February 24, 2024 and February 24, 2025. The final third of the RSUs will vest on February 24, 2026 subject to the reporting person's continued employment with AES or a subsidiary on such date and based, in part, on AES' achievement of certain environmental and social goals. Each RSU entitles the holder to one share of AES Common Stock.
F5 Since the last Form 4 filing on February 22, 2023, 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 27, 2023.