4//SEC Filing
AES CORP 4
Accession 0001127602-14-008531
$AESCIK 0000874761operating
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:30 PM ET
Size
14.5 KB
Accession
0001127602-14-008531
Insider Transaction Report
Form 4
AES CORPAES
Vesey Andrew
EVP & Regional Pres L.A.
Transactions
- Award
Stock Option (Right to Buy)
2014-02-21+134,398→ 134,398 totalExercise: $14.63Exp: 2024-02-21→ Common Stock (134,398 underlying) - Tax Payment
Common Stock
2014-02-21$14.63/sh−4,828$70,634→ 121,979 total - Award
Common Stock
2014-02-21+13,058→ 126,807 total - Award
Common Stock
2014-02-21+24,436→ 146,415 total - Award
Units
2014-02-21$14.63/sh+4,886$71,482→ 28,158 total→ Common Stock (4,886 underlying)
Holdings
- 23,213(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]This Performance Stock Unit ("PSU") was granted on February 18, 2011 pursuant to The AES Corporation 2003 Long Term Compensation Plan. On February 21, 2014, after the prescribed three year vesting period, the AES Board of Directors approved the performance value for the grant. Each PSU entitles the holder to one share of AES Common Stock for each PSU granted.
- [F2]Reflects tax withholding paid in connection with the settlement of the PSUs granted on February 18, 2011.
- [F3]This restricted stock unit award ("RSU") was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments beginning on February 21, 2015, if certain continuing employment conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock for each RSU granted.
- [F4]This includes a 6% (of base salary) discretionary retirement savings award granted pursuant to The AES Retirement Savings Plan (the "Plan") as determined by The AES Corporation Board of Directors on February 21, 2014 subject to applicable IRS contribution limits. The closing stock price on February 21, 2014 was used to determine the number of shares awarded. In the aggregate between February 19, 2014 and February 24, 2014, this reporting person acquired 1,233 shares of AES Common stock under the Plan, which are included in this amount. This information is based on a plan statement dated February 24, 2014.
- [F5]This Stock Option award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments if certain continuing employment conditions are satisfied. If such conditions are satisfied, the first installment becomes exercisable on February 21, 2015 and the next two installments become exercisable on February 21, 2016 and February 21, 2017, respectively.
- [F6]These units were awarded pursuant to the Restoration Supplemental Retirement Plan ("Restoration Plan"). Generally, units under this plan are paid out in cash following termination of employment or later as per the terms of the Restoration Plan document. Each unit represents a hypothetical AES investment equal to one share of AES Common stock and units under the Restoration Plan are 100% vested upon award.
Documents
Issuer
AES CORP
CIK 0000874761
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000874761
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 9:30 PM ET
- Size
- 14.5 KB