AES CORP — Director's Dealing 2025

Feb 24, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AES CORP (AES)
CIK: 0000874761
Period of Report: 2025-02-21

Reporting Person: Da Santos Bernerd (EVP and President, Renewables)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-21	Common Stock	A	45326	—	Acquired	345998	Direct
2025-02-21	Common Stock	A	38625	—	Acquired	384623	Direct
2025-02-21	Common Stock	F	16203	$10.59	Disposed	368420	Direct
2025-02-21	Common Stock	F	4710	$10.59	Disposed	363710	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31693	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 on February 21, 2026, February 21, 2027, and February 21, 2028, 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, 2022 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 21, 2025. 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, 2022.

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: Since the last Form 4 filing on May 21, 2024, the reporting person acquired 1,237 additional shares of AES Common Stock pursuant to The AES Corporation Retirement Savings Plan. This information is based on a plan statement dated February 18, 2025.