Form 4: AES Corp Executive Da Santos Bernerd Reports Stock Disposals for Tax Withholding

EVP and President of Renewables at AES Corp, Da Santos Bernerd, reports disposals of common stock to cover tax obligations related to vesting of restricted stock units.

Summary

• Da Santos Bernerd, EVP and President of Renewables at AES Corp, filed a Form 4 detailing changes in beneficial ownership of AES common stock.
• The transactions involved the disposal of shares to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) granted on February 24, 2022, and February 24, 2023.
• A total of 2,124 shares were disposed of at a price of $10.72 per share related to the 2022 RSU grant.
• An additional 1,787 shares were disposed of at a price of $10.72 per share related to the 2023 RSU grant.
• Following these transactions, Da Santos Bernerd directly owns 359,799 shares of AES common stock.
• The reporting person also indirectly owns 31,693 shares through a 401(k) plan, based on a plan statement dated February 26, 2025.
• No additional shares of AES Common Stock were acquired pursuant to The AES Corporation Retirement Savings Plan since the last Form 4 filing on February 24, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.

Comparison to Industry Standards

• Executive compensation practices, including the use of RSUs, are common across publicly traded companies.
• Tax withholding through stock disposal is a standard procedure when RSUs vest.
• Comparing the size of Da Santos Bernerd's holdings and transactions to those of executives at comparable renewable energy companies (e.g., NextEra Energy, Orsted) would provide further context.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they are related to tax obligations and do not represent a significant change in the executive's overall holdings.

Key Dates