Coughlin Stephen 4
4 · AES CORP · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
AES CFO Stephen Coughlin Receives RSU/PSU Awards; Shares Withheld
What Happened
- Stephen Coughlin, EVP and Chief Financial Officer of AES Corporation, received equity awards that settled on 2026-02-20: 40,461 shares and 36,074 shares (total 76,535 shares) reported as acquisitions at $0.00 per share (awarded/vested).
- In connection with the vesting/settlement, 27,180 shares were automatically withheld to satisfy tax liabilities (treated as dispositions) at $16.51 per share: 15,425 shares ($254,667), 4,682 shares ($77,300), and 7,073 shares ($116,775), for a combined withholding value of $448,742.
- These were award settlements and automatic tax withholdings (routine), not open-market sales or purchases.
Key Details
- Transaction date: February 20, 2026; Form 4 filed February 24, 2026 (filing appears timely).
- Awards reported as acquisitions: 40,461 shares @ $0.00 and 36,074 shares @ $0.00 (total 76,535).
- Withholding/dispositions: 15,425 shares @ $16.51 ($254,667); 4,682 shares @ $16.51 ($77,300); 7,073 shares @ $16.51 ($116,775). Total withheld = 27,180 shares (~$448,742).
- Shares owned after the transaction: not specified in the provided data (not reported in this summary).
- Footnotes: F1 describes the RSU award terms under AES's 2025 Equity Plan (future vesting schedule); F2 notes the PSUs were granted Feb 24, 2023 and the Board approved performance value on Feb 20, 2026; F3–F5 explain the automatic tax-withholding of shares for the PSUs and RSU installments.
Context
- This filing reflects equity award vesting and routine tax-withholding (F code) rather than discretionary open-market selling. PSUs were settled after the performance period was approved by the Board; certain RSU installments vested and were settled with share withholding to cover taxes.
Insider Transaction Report
Form 4
AES CORPAES
Coughlin Stephen
EVP and CFO
Transactions
- Award
Common Stock
[F1]2026-02-20+40,461→ 207,924 total - Award
Common Stock
[F2]2026-02-20+36,074→ 243,998 total - Tax Payment
Common Stock
[F3]2026-02-20$16.51/sh−15,425$254,667→ 228,573 total - Tax Payment
Common Stock
[F4]2026-02-20$16.51/sh−4,682$77,300→ 223,891 total - Tax Payment
Common Stock
[F5]2026-02-20$16.51/sh−7,073$116,775→ 216,818 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 V. Gillcrist, attorney-in-fact|2026-02-24