JANET DAVIDSON - 09 May 2025 Form 4 Insider Report for AES CORP (AES)

Role: Director
Signature: /s/ Jennifer Gillcrist, Attorney-in-fact
Issuer symbol: AES
Transactions as of: 09 May 2025
Net transactions value: +$60,004
Form type: 4
Filing time: 13 May 2025, 16:07:07 UTC
Previous filing: 29 Apr 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
DAVIDSON JANET	Director	4300 WILSON BLVD., ARLINGTON	/s/ Jennifer Gillcrist, Attorney-in-fact	13 May 2025	0001230523

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AES	Units	Award	$60,004	+5,396	+7.7%	$11.12	75,434	09 May 2025	Common Stock	5,396		Direct	F1, F2
transaction	AES	Units	Award	$0	+15,737	+21%	$0.000000	91,171	09 May 2025	Common Stock	15,737		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2025 Equity and Incentive Compensation Plan.
F2	Represents cash fees that the reporting person elected to defer into stock units.