AES CORP — Director's Dealing 2021

Feb 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AES CORP (AES)
CIK: 0000874761
Period of Report: 2021-02-19

Reporting Person: Da Santos Bernerd (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Common Stock	A	9060	—	Acquired	192866	Direct
2021-02-19	Common Stock	A	33014	—	Acquired	225880	Direct
2021-02-19	Common Stock	F	14888	$28.31	Disposed	210992	Direct
2021-02-19	Common Stock	F	1836	$28.31	Disposed	209156	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27678	Indirect

Footnotes

F1: 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 19, 2022 and February 19, 2023. The final third of the RSUs will vest on February 19, 2024 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.

F2: This Performance Stock Unit ("PSU") award was granted on February 23, 2018 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 19, 2021. Each earned PSU entitles the holder to one share of AES Common Stock.

F3: Reflects tax withholding in connection with the settlement of PSUs granted in February 2018.

F4: Reflects tax withholding in connection with the vesting and settlement of one-third of the RSUs granted February 21, 2020.

F5: Since the last Form 4 filing in which such shares were reported on March 20, 2020, the reporting person acquired 879 additional shares of AES Common Stock pursuant to The AES Corporation Retirement Savings Plan. The information in this report is based on a plan statement dated February 22, 2022.