Bhandari Inderpal S 4

What Happened

• Inderpal S. Bhandari, a director of AES Corporation (AES), was granted 12,111 stock units on 2026-04-29. The Form 4 reports this as an award (transaction code A) of derivative units with an acquisition price of $0.00 (reported acquisition value $0). These are not immediate share purchases or open-market sales.

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-05-01 (timely filing).
• Instrument: 12,111 stock units (derivative award) reported at $0.00 per unit.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Each stock unit is economically equivalent to one share and will be settled for AES common stock after the reporting person terminates board service in accordance with the director election form under The AES Corporation 2025 Equity and Incentive Compensation Plan.
• Exhibit noted: 24.1 Power of Attorney.

Context

• This was an equity award (deferred/derivative units), not a cash purchase or sale. The units represent future settlement rights to shares and do not necessarily transfer voting rights or immediate market exposure until settlement. Such director awards are routine compensation and do not by themselves indicate insider buying or selling sentiment.