Mendoza Tish 4

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.