Form 4: AEP CEO William Fehrman Reports Stock Transaction to SEC
SEC Form 4 Filing
William Fehrman, CEO and President of American Electric Power (AEP), reports a transaction involving the withholding of shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On February 21, 2025, AEP CEO William Fehrman had 1,222 common stock shares withheld to cover tax obligations.
- This was due to the vesting of a portion of his restricted stock units granted on August 1, 2024.
- The shares were withheld at a price of $105.33 per share.
- Following the transaction, Fehrman directly owns 78,236 shares of AEP common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to vested stock units, which is a common form of executive compensation in the utilities industry.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of grant for 4,024 restricted stock units. |
| 02/21/2025 | Date of stock transaction (tax withholding). |
| 02/25/2025 | Date of signature on the SEC Form 4 filing. |
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