X0206 3 2018-09-18 0 0000874761 AES CORP AES 0001754413 Moreno Leonardo 4300 WILSON BLVD. ARLINGTON VA 22203 1 SVP, Corporate Strategy Common Stock 12131 D Units Common Stock 878 D Includes Restricted Stock Unit ("RSU") awards granted pursuant to The AES Corporation 2003 Long Term Compensation Plan, with such awards vesting in three equal annual installments from the date of grant if certain continuing employment conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock for each RSU granted. These units were awarded pursuant to the Restoration Supplemental Retirement Plan (the "Restoration Plan"). Generally, units under the Restoration Plan are paid out in cash following termination of employment or later per the Restoration Plan document. Each unit represents a hypothetical AES investment equal to one share of AES Common Stock, and units under the Restoration Plan are 100% vested upon award. /s/ Leonardo Moreno 2018-09-28