Mendoza Tish 4
4 · AES CORP · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
AES EVP Tish Mendoza Receives RSU/PSU Awards; Shares Withheld
What Happened Tish Mendoza, EVP & Chief HR Officer of AES (AES), was credited with a total of 60,568 shares on Feb 20, 2026 from equity awards: 28,026 Restricted Stock Units (RSUs) and 32,542 Performance Stock Units (PSUs). To cover tax withholding obligations, 22,961 shares were automatically withheld/disposed at $16.51 per share, generating cash of about $379,086 (three separate withholding events of 13,801; 3,648; and 5,512 shares). The filing shows these transactions as awards (code A) and tax withholding (code F).
Key Details
- Transaction date: Feb 20, 2026; Form 4 filed Feb 24, 2026 (timely).
- Awards: 28,026 RSUs (F1) and 32,542 PSUs (F2) credited.
- Withheld/disposed for taxes: 13,801 shares ($227,855), 3,648 shares ($60,228), 5,512 shares ($91,003); total ~$379,086.
- Shares owned after transaction: not stated on this Form 4. Filing notes an additional 1,493 shares acquired under AES Retirement Savings Plan since the last Form 4 (F6).
- Footnotes: PSUs were from a 2023 grant and performance was approved by the board on Feb 20, 2026 (F2); RSUs have scheduled vesting and related withholdings noted (F1, F4, F5). F3–F5 indicate the withholdings were automatic tax withholding tied to vesting/settlement.
- Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).
Context These were equity award settlements and routine tax-withholding transactions — not open-market sales. PSUs were earned based on a prior performance grant (payment approved by the board); some RSUs are subject to future vesting schedules. For retail investors, award receipts increase insider holdings but withholdings to satisfy taxes are standard and do not necessarily signal a deliberate sell decision.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-20+28,026→ 280,326 total - Award
Common Stock
[F2]2026-02-20+32,542→ 312,868 total - Tax Payment
Common Stock
[F3]2026-02-20$16.51/sh−13,801$227,855→ 299,067 total - Tax Payment
Common Stock
[F4]2026-02-20$16.51/sh−3,648$60,228→ 295,419 total - Tax Payment
Common Stock
[F5]2026-02-20$16.51/sh−5,512$91,003→ 289,907 total
- 30,107(indirect: By 401(k))
Common Stock
[F6]
Footnotes (6)
- [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.
- [F6]Since the last Form 4 filing on February 26, 2025, the reporting person acquired 1,493 additional shares of AES Common Stock pursuant to The AES Corporation Retirement Savings Plan. This information is based on a plan statement dated February 17, 2026.