# EDGAR Filing Document

**Accession Number:** 0001942815
**File Stem:** 0000874761-25-000092
**Filing Date:** 2025-11
**Character Count:** 11219
**Document Hash:** 11cea48c9026d9e554c52277aae1c9fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000874761-25-000092.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0000874761-25-000092

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251119

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Falu Ricardo Manuel
- **CENTRAL INDEX KEY:** 0001942815

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12291
- **FILM NUMBER:** 251503077

**MAIL ADDRESS:**
- **STREET 1:** 4300 WILSON BLVD
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22203
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AES CORP
- **CENTRAL INDEX KEY:** 0000874761
- **STANDARD INDUSTRIAL CLASSIFICATION:** COGENERATION SERVICES & SMALL POWER PRODUCERS [4991]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 541163725
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 4300 WILSON BOULEVARD
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22203
- **BUSINESS PHONE:** 7035221315

**MAIL ADDRESS:**
- **STREET 1:** 4300 WILSON BOULEVARD
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AES CORPORATION
- **DATE OF NAME CHANGE:** 19930328

## Ex-24

```

							Exhibit 24.1
THE AES CORPORATION

POWER OF ATTORNEY

        Know all by these presents, that the undersigned hereby
constitutes and appoints each of Paul L. Freedman, Jennifer V. Gillcrist,
and Pablo A. Fekete, signing singly and with full power of substitution,
as the undersigned?s true and lawful attorney-in-fact to:

1. prepare, execute in the undersigned?s name and on the undersigned?s
behalf, and submit to the U.S. Securities and Exchange Commission (the
?SEC?) a Form ID, including amendments thereto, and any other documents
necessary or appropriate to enroll in EDGAR Next and/or to obtain codes
and passwords or passphrases enabling the undersigned to make electronic
filings with the SEC of reports required by Section 16(a) of the
Securities Exchange Act of 1934 (the ?Exchange Act?) or any rule or
regulation of the SEC;

2. execute for and on behalf of the undersigned, in the undersigned?s
capacity as an officer, director or ten percent stockholder of The AES
Corporation (the ?Company?), Forms 3, 4, and 5, and Forms 144, including
any amendments thereto, in accordance with Section 16 of the Exchange Act
and the rules and regulations thereunder, and Rule 144 under the
Securities Act of 1933 (the ?Securities Act?);

3. do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such Form
3, 4, or 5, or Form 144, including any amendments thereto, and timely
file any such forms with the SEC and any stock exchange or similar
authority; and

4. act as an account administrator for the undersigned?s EDGAR account,
including to: (i) appoint, remove and replace account administrators,
account users, technical administrators and delegated entities; (ii)
maintain the security of the undersigned?s EDGAR account, including
modification of access codes; (iii) maintain, modify and certify the
accuracy of information on the undersigned's EDGAR account dashboard;
(iv) act as an EDGAR point of contact with respect to the undersigned's
EDGAR account; and (v) any other actions contemplated by Rule 10 of
Regulation S-T with respect to account administrators;

5. accept, or cause the Company to accept, a delegation of authority from
any of the undersigned?s EDGAR account administrators and, pursuant to
that delegation, authorize the Company?s EDGAR account administrators to
appoint, remove or replace users for the undersigned?s EDGAR account;

6. obtain, as the undersigned?s representative and on the undersigned?s
behalf, information regarding transactions in the Company?s equity
securities from any third party, including the Company and any brokers,
dealers, employee benefit plan administrators and trustees, and the
undersigned hereby authorizes any such third party to release any such
information to the attorney-in-fact; and

7. take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of
benefit to, in the best interests of, or legally required by, the
undersigned, it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms and
conditions as such attorney-in-fact may approve in such attorney-in-
fact?s discretion.

        The undersigned hereby grants to each such attorney-in-fact full
power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the exercise of
any of the rights and powers herein granted, as fully to all intents and
purposes as the undersigned might or could do if personally present, with
full power of substitution or revocation, hereby ratifying and confirming
all that such attorney-in-fact, or such attorney-in-fact?s substitute or
substitutes, shall lawfully do or cause to be done by virtue of this
Power of Attorney and the rights and powers herein granted.

        The undersigned acknowledges that the foregoing attorneys-in-
fact, in serving in such capacity at the request of the undersigned, are
not assuming, nor is the Company assuming, any of the undersigned?s
responsibilities to comply with Section 16 of the Exchange Act or Rule
144 under the Securities Act. Neither the Company nor the foregoing
attorneys-in-fact assume any liability for the undersigned?s
responsibility to comply with the requirements of Section 16 of the
Exchange Act or Rule 144 under the Securities Act, any liability of the
undersigned for any failure to comply with such requirements, or any
liability of the undersigned for disgorgement of profits under Section
16(b) of the Exchange Act.

        This Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4, and 5,
and Forms 144 with respect to the undersigned?s holdings of and
transactions in securities issued by the Company, unless earlier revoked
by the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact. This Power of Attorney revokes all previous powers of
attorney with respect to the subject matter of this Power of Attorney.

        IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 11 day of July, 2025.

/s/ Ricardo M. Falu
_______________________________

Ricardo M. Falu

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Falu Ricardo Manuel<br><sub>(Last) (First) (Middle)</sub><br>4300 WILSON BLVD.<br><sub>(Street)</sub><br>ARLINGTON, VA 22203<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-19 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP, COO, Pres. New Enrgy Tech_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>AES CORP [ AES ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-11-19 |  | F |  | 9240<sup>(1)</sup> | D | $13.77 | 108191 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Reflects automatic tax withholding of shares in connection with the vesting and settlement of 50% of the Restricted Stock Units granted on November 19, 2021.

**Remarks:**
Exhibit 24.1 Power of Attorney

**Signature:** /s/ Jennifer Gillcrist, attorney-in-fact  
**Date:** 2025-11-20

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**