Kohan Sherry 4

What Happened Sherry Kohan, Senior Vice President and Chief Accounting Officer of AES, had equity awards settle on February 20, 2026. She was credited with 11,256 shares from a Performance Stock Unit (PSU) award and 9,994 shares from Restricted Stock Unit (RSU) awards (total 21,250 shares, acquired at $0.00 per share). To cover tax withholding/tax obligations tied to the vesting, 7,753 shares were withheld/disposed (at $16.51 per share) for a total withholding value of $128,002.

Key Details

• Transaction date: Feb 20, 2026.
• Acquisitions: 11,256 PSUs and 9,994 RSUs acquired at $0.00 (awards/vesting).
• Withholding/disposals: 4,791 shares, 1,180 shares, and 1,782 shares withheld at $16.51 each (total 7,753 shares; $128,002).
• Shares owned after transaction: not stated on this Form 4.
• Notable footnotes:
  • F2: PSU grant originally dated Feb 24, 2023; board approved the performance payout on Feb 20, 2026.
  • F1/F4/F5: RSU awards governed by AES equity plans; portions withheld reflect one‑third RSU settlements from earlier grants.
  • F3–F5: Withholdings were automatic tax withholdings (code F).
  • F6: Since the last Form 4 (Feb 26, 2025), Kohan also acquired 1,790 shares via AES’s Retirement Savings Plan (statement dated Feb 17, 2026).
• Filing timeliness: Form filed Feb 24, 2026 for Feb 20, 2026 transactions — timely under Form 4 rules.

Context This was not an open‑market purchase or discretionary sale by the insider but the settlement of performance and restricted stock units, with shares automatically withheld to satisfy tax liabilities (a common, administrative action). PSUs represent performance‑based shares earned after a multi‑year performance period; RSUs typically vest based on continued employment. These types of award settlements reflect compensation realization rather than new buying/selling decisions by the insider.