Coughlin Stephen 4

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.