Rubiolo Juan Ignacio 4

What Happened
Juan Ignacio Rubiolo, EVP and President, Energy Infrastructure at AES, had a total of 5,633 shares disposed on Feb 24, 2026 as automatic tax withholding in connection with RSU vesting. The filing shows 4,036 shares withheld at $16.27 each ($65,666) and 1,597 shares withheld at $16.27 each ($25,983), for a combined value of $91,649. This was not an open-market sale for investment purposes but a routine withholding to satisfy tax obligations upon the vesting of restricted stock units.

Key Details

• Transaction date: 2026-02-24; reported on Form 4 filed 2026-02-26 (appears timely).
• Prices and amounts: 4,036 shares @ $16.27 = $65,666; 1,597 shares @ $16.27 = $25,983; total 5,633 shares = $91,649.
• Shares owned after transaction: not specified in the provided excerpt of the filing. Check the full Form 4 for post-transaction holdings.
• Footnotes: Both entries (F1 and F2) state these disposals reflect automatic tax withholding tied to the vesting/settlement of one‑third of RSUs granted on Feb 24, 2023.
• Transaction code: F (tax withholding) — indicates shares were surrendered/withheld to cover taxes rather than a discretionary sale.

Context
This is a routine tax-withholding event following RSU vesting (an award settlement). Such withholdings are common and do not necessarily indicate the insider’s view of the company’s prospects. For retail investors, purchase transactions typically carry more informational weight than tax-withholding disposals.