X0306 4 2020-02-21 0000874761 AES CORP AES 0001754411 Rubiolo Juan Ignacio 4300 WILSON BLVD. ARLINGTON VA 22203 1 SVP, MCAC SBU President Common Stock 2020-02-21 4 A 0 5928 A 28418 D This Restricted Stock Unit ("RSU") award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments beginning on February 21, 2021, if certain continuing employment and performance conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock. /s/ Juan Ignacio Rubiolo 2020-02-25