X0306 4 2020-02-21 0000874761 AES CORP AES 0001754413 Moreno Leonardo 4300 WILSON BLVD. ARLINGTON VA 22203 1 SVP, Corporate Strategy Common Stock 2020-02-21 4 A 0 6202 A 23254 D Common Stock 2020-02-22 4 F 0 874 20.75 D 22380 D Common Stock 2020-02-23 4 F 0 548 20.75 D 21832 D Common Stock 2020-02-24 4 F 0 345 20.25 D 21487 D Common Stock 2020-02-24 4 A 0 6477 A 27964 D Common Stock 2020-02-24 4 F 0 2138 20.25 D 25826 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. Reflects tax withholding in connection with the vesting and settlement of one-third of the RSUs granted February 22, 2019. Reflects tax withholding in connection with the vesting and settlement of one-third of the RSUs granted February 23, 2018. Reflects tax withholding in connection with the vesting and settlement of one-third of the RSUs granted February 24, 2017. This Performance Stock Unit ("PSU") was granted on February 24, 2017 pursuant to The AES Corporation 2003 Long Term Compensation Plan. After the prescribed three year vesting period, the AES Board of Directors approved the performance value for the grant on February 21, 2020. Each earned PSU entitles the holder to one share of AES Common Stock. Reflects tax withholding in connection with the settlement of PSUs granted on February 24, 2017. /s/ Leonardo Moreno 2020-02-25