AES CORP

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

The following table provides information relating to our purchases of AES Common Stock during the first quarter of fiscal year 2024:

(1) During the first quarter of fiscal year 2024, The AES Corporation purchased 165,335 shares of AES Common Stock in a privately negotiated affiliate transaction from a wholly-owned subsidiary that had acquired such shares as part of a share ownership plan offered to employees. The purchase price reflects the closing price per share of AES Common Stock on the New York Stock Exchange on March 22, 2024, the date of the transaction. This transaction was not effected pursuant to the publicly announced stock repurchase program described in footnote 2.

(2) On July 7, 2010, The AES Corporation announced that its Board of Directors approved a common stock repurchase program under which the Company may purchase up to $500 million of shares of its outstanding common stock, depending on cash availability, market conditions, and other factors. The original authorization was set to expire on December 31, 2010, however, in December 2010, the Board authorized an extension of the stock repurchase program. The current program does not have a predetermined expiration date. Repurchases under this program may be made using a variety of methods, which may include open market repurchases, purchases by contract (including, without limitation, accelerated stock repurchase programs or 10b5-1 plans), and/or privately negotiated transactions. No repurchases were made under this program during the first quarter of 2024. As of March 31, 2024, $264 million remained available for purchase under this authorization.