AES (AES) executive compensation, 2026 proxy

Andrés Gluski, CEO, was paid $9.2M in 2025, down 31% from $13.4M the year before. The CEO-to-median-employee pay ratio was 120:1, on median employee pay of $76,082.

Filed
March 20, 2026
Annual meeting
April 29, 2026
Pay year
2025
Named executives
5
CEO total pay
$9.2M-31% vs prior year
CEO to median employee
120:1median $76,082
CEO pay in equity
55%$5M in awards
Prior say-on-pay support
84%of votes cast
CEO Total Compensation
$9,153,896Decrease from 2024 total of $13,355,284
CEO Base Salary
$1,241,000No increase since 2021
CEO LTI Reduction
30%Reduction applied to 2025 and 2026 LTI
Annual Incentive Payout
138%Based on financial and growth measures

How Gluski was paid

$9.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary14%Stock awards55%Non-equity incentive28%All other compensation4%

Named executive officers

ExecutiveTotal
Andrés GluskiCEO$9,153,896
Stephen CoughlinEVP & CFO$3,155,414
Juan Ignacio RubioloEVP & COO$3,323,332
Bernerd Da SantosEVP & President, US & Renewables$2,980,129
Ricardo FalúPresident$2,704,604

What changed and why

  • $9.2MCEO Andrés Gluski received total compensation of $9,153,896 in fiscal year 2025, representing a decrease from the prior year.
  • 30%The CEO's long-term incentive award was reduced by 30% in response to share price trends.
  • $1.2MThe CEO took no salary increase in 2025, maintaining his base salary of $1,241,000.
  • 138%Short-term incentive payouts under the annual incentive plan averaged 138% of target based on growth measures.
  • $15.00AES agreed to be acquired by Global Infrastructure Partners and EQT Infrastructure VI for $15.00 per share in cash.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.