Form 4: AEP Executive Christian Beam Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President Christian Beam reports a transaction involving American Electric Power (AEP) common stock related to vesting of restricted stock units.
Summary
- On May 1, 2024, Christian Beam, an Executive Vice President at American Electric Power Co Inc (AEP), had a transaction involving AEP common stock.
- The transaction involved the vesting of restricted stock units granted on February 21, 2021.
- Upon vesting, 135 restricted stock units were withheld to satisfy Mr. Beam's tax liability at a price of $88.15.
- Following the transaction, Mr. Beam beneficially owns 7,787 shares of AEP common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive stock transactions and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in the executive's stock ownership due to vesting of compensation.
Key Dates
| Date | Description |
|---|---|
| February 21, 2021 | Date of grant for the restricted stock units that vested. |
| May 1, 2024 | Date of the transaction involving the vesting of restricted stock units and withholding for tax liability. |
| May 2, 2024 | Date of signature for the Form 4 filing. |
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