Form 4: AES Corp EVP and CFO Stephen Coughlin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen Coughlin, EVP and CFO of AES Corp, reports the automatic tax withholding of shares related to the vesting of Restricted Stock Units.
Summary
- On February 24, 2025, Stephen Coughlin, EVP and CFO of AES Corp, had shares automatically withheld for tax purposes related to the vesting of Restricted Stock Units (RSUs).
- 1,734 shares were withheld at a price of $10.72 per share in connection with the vesting of one-third of the RSUs granted on February 24, 2022.
- An additional 1,671 shares were withheld at a price of $10.72 per share in connection with the vesting of one-third of the RSUs granted on February 24, 2023.
- Following these transactions, Coughlin directly owns 167,463 shares of AES Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock vesting and tax withholding. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the vesting of RSUs.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Date of grant for one-third of the Restricted Stock Units (RSU) that vested. |
| 02/24/2023 | Date of grant for one-third of the Restricted Stock Units (RSU) that vested. |
| 02/24/2025 | Date of transaction: Automatic tax withholding of shares in connection with RSU vesting. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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