Falu Ricardo Manuel 4

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.