AES Director Inderpal Bhandari Receives 12,111 Stock Units

This Form 4 filing reports that Inderpal S. Bhandari, a director of AES Corporation, received 12,111 stock units on April 29, 2026. The stock units represent the economic equivalent of one share of AES Common Stock each and will be settled for actual shares of AES Common Stock after the reporting person terminates service on the Board, in accordance with the Director's election form under The AES Corporation 2025 Equity and Incentive Compensation Plan. Following this transaction, Bhandari holds 59,433 total units. The transaction was reported by Jennifer Gillcrist as attorney-in-fact on May 1, 2026. The filing includes a footnote explaining that the units are settled for shares upon termination of board service, and the transaction price per share was $0.00.