Form 4: AES Director Holly Koeppel Receives Stock Units

Director Holly K. Koeppel was granted 12,111 stock units as part of The AES Corporation 2025 Equity and Incentive Compensation Plan.

Summary

• Director Holly K. Koeppel acquired 12,111 stock units on April 29, 2026.
• Each stock unit represents the economic equivalent of one share of AES common stock.
• The units will be settled for shares of common stock following the termination of the director's service on the Board.
• The total number of securities beneficially owned by the director following this transaction is 195,412.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Value of equity compensation is subject to market fluctuations in AES common stock price.

Future Outlook

The stock units are deferred until the director terminates service on the Board, indicating a long-term retention incentive.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the utility sector to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The grant of deferred stock units is consistent with standard compensation practices for S&P 500 and utility sector board members.
• The structure follows typical equity incentive plans used by peers such as Duke Energy or NextEra Energy.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation.

Next Steps

• Settlement of stock units upon the director's eventual departure from the Board.

Key Dates

Keywords

AES, Director, Equity Compensation, Stock Units, Insider Transaction