AES CORP — Director's Dealing 2020

Feb 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AES CORP (AES)
CIK: 0000874761
Period of Report: 2020-02-21

Reporting Person: Da Santos Bernerd (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-21	Common Stock	A	12145	—	Acquired	160058	Direct
2020-02-22	Common Stock	F	2456	$20.75	Disposed	157602	Direct
2020-02-23	Common Stock	F	1647	$20.75	Disposed	155955	Direct
2020-02-24	Common Stock	F	2893	$20.25	Disposed	153062	Direct
2020-02-24	Common Stock	A	40090	—	Acquired	193152	Direct
2020-02-24	Common Stock	F	13346	$20.25	Disposed	179806	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26799	Indirect

Footnotes

F1: This Restricted Stock Unit ("RSU") award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments beginning on February 21, 2021, if certain continuing employment and performance conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock.

F2: Reflects tax withholding in connection with the vesting and settlement of one-third of the RSUs granted February 22, 2019.

F3: Reflects tax withholding in connection with the vesting and settlement of one-third of the RSUs granted February 23, 2018.

F4: Reflects tax withholding in connection with the vesting and settlement of one-third of the RSUs granted February 24, 2017.

F5: This Performance Stock Unit ("PSU") was granted on February 24, 2017 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 21, 2020. Each earned PSU entitles the holder to one share of AES Common Stock.

F6: Reflects tax withholding in connection with the settlement of PSUs granted on February 24, 2017.

F7: Since the last Form 4 filing on February 26, 2019, the reporting person acquired 838 additional shares of AES Common Stock under The AES Corporation Retirement Savings Plan. This information is based on a plan statement dated February 24, 2020.