Freedman Paul L 4
Research Summary
AI-generated summary
AES EVP Paul L. Freedman Sells 1,388 Shares (Tax Withholding)
What Happened
- Paul L. Freedman, EVP, General Counsel and Corporate Secretary of AES Corporation (AES), had 1,388 shares of AES Common Stock withheld on February 24, 2026 to satisfy tax withholding obligations tied to the vesting and settlement of RSUs. The shares were recorded at $16.27 each, for a total withholding value of $22,583. This was an automatic tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: February 24, 2026; Filing date: February 26, 2026 (timely filing).
- Price: $16.27 per share; Shares withheld/disposed: 1,388; Total value ≈ $22,583.
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: F1 — automatic withholding for one‑third of RSUs granted Feb 24, 2023; F2 — no AES shares acquired under the company retirement plan since the last Form 4 (based on a plan statement dated Feb 25, 2026).
- Transaction code: F (tax withholding upon vesting).
Context
- This was a routine tax-withholding event tied to RSU vesting (essentially a cashless sell of a portion of vested shares to cover taxes), and does not necessarily indicate insider sentiment about the company's stock. No new purchases or exercises were reported in this filing.