Form 4: AES Corp Executive Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Paul L. Freedman, EVP, GC and Corp. Secretary of AES Corp, reports the automatic tax withholding of shares following the vesting of Restricted Stock Units (RSUs).
Summary
- Paul L. Freedman, an executive at AES Corp, filed a Form 4 detailing changes in beneficial ownership of AES common stock.
- The transactions involve the automatic withholding of shares to cover tax obligations related to the vesting of Restricted Stock Units (RSUs) granted in February 2022 and February 2023.
- A total of 1,722 shares were withheld at a price of $10.72 per share related to the 2022 RSU vesting.
- An additional 1,372 shares were withheld at a price of $10.72 per share related to the 2023 RSU vesting.
- Following these transactions, Freedman directly owns 148,460 shares of AES common stock.
- Freedman also indirectly owns 2,974 shares through a 401(k) plan, with no additional shares acquired since the last filing.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The vesting of RSUs is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Date of original RSU grant (one-third vesting reported) |
| 02/24/2023 | Date of original RSU grant (one-third vesting reported) |
| 02/24/2025 | Transaction date for tax withholding related to RSU vesting |
| 02/26/2025 | Date of Form 4 filing and plan statement for 401(k) shares |
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