DAVIDSON JANET 4

What Happened Janet Davidson, a director of The AES Corporation (AES), was granted a total of 14,187 stock units on April 29, 2026. The filing shows a derivative award of 2,076 units at $14.45 each (total value $29,998) and 12,111 units with a $0 acquisition price. These were reported on Form 4 as awards (transaction code A), meaning Davidson received stock-equivalent units rather than a cash sale or open-market purchase.

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-05-01 (appears timely).
• Grants recorded: 2,076 units @ $14.45 (value $29,998) and 12,111 units @ $0.00.
• Shares owned after transaction: Not reported in this Form 4.
• Footnotes: F1 — each stock unit equals one share and will be settled for AES common stock after the director leaves the Board per the 2025 Equity and Incentive Compensation Plan. F2 — the 12,111 units represent cash fees Davidson elected to defer into stock units.
• Filing includes Exhibit 24.1 (Power of Attorney).

Context These are derivative stock-unit awards for a board member (common for director compensation) rather than an open-market buy or sale. The deferred units will convert to actual AES shares according to the director’s election and the plan’s settlement rules, typically upon termination of board service. This type of filing is informational and does not, by itself, indicate personal buying/selling sentiment.