Form 4: AEP CEO William Fehrman Reports Acquisition and Disposal of Restricted Stock Units
SEC Form 4 Filing
William Fehrman, CEO and President of American Electric Power (AEP), reported the acquisition and disposal of restricted stock units on August 1, 2024.
Summary
- On August 1, 2024, William Fehrman, CEO and President of American Electric Power (AEP), reported transactions involving restricted stock units.
- Fehrman acquired 11,853 restricted stock units at a price of $101.24.
- Fehrman disposed of 11,853 restricted stock units.
- Fehrman also acquired 39,510 restricted stock units at a price of $101.24.
- Following these transactions, Fehrman directly owns 51,363 restricted stock units and 19 shares of common stock.
- The restricted stock units vest in three equal installments, with one grant vesting on February 21 of 2025, 2026 and 2027, and the other vesting on August 1 of 2025, 2026 and 2027.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock unit transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the executive's holdings and compensation structure.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transactions involving restricted stock units. |
| 08/02/2024 | Date of signature by Attorney-in-Fact. |
| 02/21/2025 | First vesting date for one set of restricted stock units. |
| 08/01/2025 | First vesting date for one set of restricted stock units. |
| 02/21/2026 | Second vesting date for one set of restricted stock units. |
| 08/01/2026 | Second vesting date for one set of restricted stock units. |
| 02/21/2027 | Third vesting date for one set of restricted stock units. |
| 08/01/2027 | Third vesting date for one set of restricted stock units. |
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