Naim Moises 4

What Happened

• Naim Moises, a director of AES Corporation (AES), received equity awards on April 29, 2026. The Form 4 shows two derivative grant entries totaling 19,031 stock units: 6,920 units priced at $14.45 each (total value $99,994) and 12,111 units shown at $0.00 (no immediate cash value).
• These are grants/awards (not open-market purchases or sales) — typical director compensation rather than a trading signal.

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-05-01.
• Grants recorded: 6,920 units @ $14.45 (value $99,994); 12,111 units @ $0.00 (value $0). Combined = 19,031 stock units.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Each stock unit equals one share economically 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 Moises elected to defer into stock units.
• Filing timeliness: Form filed May 1 reporting April 29 transactions; the filing does not indicate a late-report flag.

Context

• These entries are derivative awards (stock units) tied to director compensation and deferred fees; they are not open-market buys or sales and do not directly signal immediate insider buying or selling pressure.
• Deferred stock units typically convert to actual shares (per F1) upon the director’s departure, so the economic exposure is postponed rather than sold.