Form 4: AES Corp CFO Stephen Coughlin Receives RSU Grant

AES Corporation EVP and CFO Stephen Coughlin was granted 50,345 restricted stock units as part of the company's 2025 equity incentive plan.

Summary

• Stephen Coughlin, EVP and CFO of AES Corporation, received a grant of 50,345 restricted stock units (RSUs).
• The grant was issued on April 23, 2026, under The AES Corporation 2025 Equity and Incentive Compensation Plan.
• The RSUs are subject to a three-year vesting schedule, with installments occurring on April 23, 2027, 2028, and 2029.
• Following this transaction, the reporting person's total beneficial ownership of AES common stock is 265,494 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative disclosure regarding executive compensation, which is neutral for the stock price.

Positives

• Alignment of executive interests with long-term shareholder value through equity-based compensation.
• Retention of key financial leadership through a multi-year vesting structure.

Negatives

• The grant results in potential future dilution for existing shareholders upon the vesting and issuance of the underlying common stock.

Risks

• Vesting is contingent upon the reporting person's continued employment with the company.

Future Outlook

The RSUs will vest in three equal annual installments starting April 23, 2027, provided the reporting person remains employed by AES.

Industry Context

StockSavvy.ai notes that equity grants to C-suite executives are standard corporate governance practices in the utility and energy sector to ensure leadership retention and performance alignment.

Comparison to Industry Standards

• The use of three-year graded vesting is consistent with standard executive compensation practices among S&P 500 utility companies.
• The grant size is commensurate with typical compensation packages for CFOs of large-cap energy firms.

Stakeholder Impact

• Minor dilution impact on existing shareholders upon future vesting.

Next Steps

• Vesting of the first tranche of RSUs on April 23, 2027.

Key Dates

Keywords

AES, CFO, Insider Trading, Equity Compensation, Restricted Stock Units, Form 4