Falu Ricardo Manuel 4
4 · AES CORP · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
AES (AES) EVP Ricardo Falu Receives RSU/PSU Awards; Shares Withheld
What Happened
- Ricardo Manuel Falu, EVP, COO and President, New Energy Technology at AES, was credited with equity awards that settled on Feb 20, 2026: 128,289 Restricted Stock Units (RSUs) and 19,970 Performance Stock Units (PSUs) (awarded/settled at $0 cost).
- To cover tax liabilities on the vesting/settlement, 19,869 shares were automatically withheld (dispositions reported as code F) in three lots — 9,356; 4,187; and 6,326 shares — each withheld at $16.51 per share, totaling $328,037. These were not open‑market sales but tax withholding in connection with vesting/settlement.
Key Details
- Transaction date(s): Feb 20, 2026 (awards settled and withholding occurred). Filing date: Feb 24, 2026 (filed within the 2-business-day Form 4 window).
- Prices and values: Awards recorded at $0.00 per share (acquisitions). Withheld shares disposed at $16.51 each, total cash value of withheld shares ≈ $328,037.
- Shares withheld by line item: 9,356 (F3 — PSU withholding), 4,187 (F4 — withholding for one‑third of RSUs granted Feb 22, 2024), 6,326 (F5 — withholding for one‑third of RSUs granted Feb 21, 2025).
- Footnotes of note: F1 describes the RSU award (2025 Equity Plan) and its multi‑year vesting schedule; F2 notes PSUs were granted Feb 24, 2023 and the performance result was approved Feb 20, 2026. F3–F5 explain the automatic tax withholding.
- Shares owned after the transactions: not specified in the filing.
Context
- This filing mainly reports awards/vesting (code A) and routine tax‑withholding (code F). Automatic withholding to cover taxes is a common administrative step when equity awards vest and does not indicate an open‑market sale or directional trading intent.
Insider Transaction Report
Form 4
AES CORPAES
Falu Ricardo Manuel
EVP, COO, Pres. New Enrgy Tech
Transactions
- Award
Common Stock
[F1]2026-02-20+128,289→ 236,480 total - Award
Common Stock
[F2]2026-02-20+19,970→ 256,450 total - Tax Payment
Common Stock
[F3]2026-02-20$16.51/sh−9,356$154,468→ 247,094 total - Tax Payment
Common Stock
[F4]2026-02-20$16.51/sh−4,187$69,127→ 242,907 total - Tax Payment
Common Stock
[F5]2026-02-20$16.51/sh−6,326$104,442→ 236,581 total
Footnotes (5)
- [F1]This Restricted Stock Unit ("RSU") award was granted pursuant to The AES Corporation 2025 Equity and Incentive Compensation Plan and will generally vest in three annual installments on February 20, 2027, February 20, 2028, and February 20, 2029, 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, 2023 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 20, 2026. 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, 2023.
- [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]Reflects automatic tax withholding of shares in connection with the vesting and settlement of one-third of the RSUs granted on February 21, 2025.
Signature
/s/ Jennifer Gillcrist, attorney-in-fact|2026-02-24