AES CORP
For the period ended May 9, 2025. Filed Mar 19, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 9, 2025 · Filed Mar 19, 2025
Contents
NOTES:
(1) Mr. Gluski, our President and CEO, is also a member of our Board. His compensation is reported in the Summary Compensation Table (2024, 2023 and 2022) and the other tables set forth in this Proxy Statement. In accordance with our Corporate Governance Guidelines, Management Directors do not receive any additional compensation in connection with service on the Board.
(2) Directors elected at the 2024 Annual Meeting of Stockholders received a $100,000 annual retainer (and in the case of the Chairman, $161,500) and may elect to defer any portion of the annual retainer in the form of deferred stock units. Similarly, Directors may also elect to defer Committee Chair fees in the form of deferred stock units.
The elective deferral amounts in 2024 were as follows:
| Annual Elective Retainer Deferred | Committee ChairRetainer Deferred | |
|---|---|---|
| Gerard M. Anderson | $0 | N/A |
| Inderpal S. Bhandari | $100,000 | N/A |
| Janet G. Davidson | $40,000 | $0 |
| Holly K. Koeppel | $0 | $0 |
| Julie M. Laulis | $100,000 | N/A |
| Alain Monié | $0 | $0 |
| John B. Morse, Jr. | $161,500 | N/A |
| Moisés Naím | $100,000 | N/A |
| Teresa Sebastian | $0 | $20,000 |
| Maura Shaughnessy | $100,000 | N/A |
(3) This column includes the aggregate grant date fair value of the annual Deferred Incentive Compensation Grant granted in 2024. The aggregate grant date fair values were computed in accordance with Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) Topic 718, “Compensation-Stock Compensation” (“FASB ASC Topic 718”), disregarding any estimates of forfeitures related to service-based vesting conditions. The grant date fair value of the deferred stock unit awards is based on the closing market price per share of our common stock on the grant date of $17.13 per share.
As of December 31, 2024, Directors had the following total number of deferred stock units credited to their accounts under the 2003 Long Term Compensation Plan: Gerard M. Anderson - 18,276; Inderpal S. Bhandari - 22,592; Janet G. Davidson - 70,038; Tarun Khanna - 204,168; Holly K. Koeppel - 161,943; Julie M. Laulis - 72,348; Alain Monié - 103,966; John B. Morse, Jr. - 366,737; Moisés Naím - 196,081; Teresa M. Sebastian - 34,965; and Maura Shaughnessy - 48,505.
(4) No stock option grants were made in 2024. As of December 31, 2024, only one Director held options: Alain Monié - 99,051.
(5) Dr. Khanna’s term ended on April 25, 2024. He did not receive compensation for the 2024-2025 Board Year.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.