Form 4: AEP Executive Christian T. Beam Reports Stock Transactions
SEC Filing
Executive Vice President Christian T. Beam reports acquisition and disposal of American Electric Power Co. stock units.
Summary
- Christian T. Beam, an Executive Vice President at American Electric Power Co. (AEP), filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of AEP securities.
- On February 23, 2024, Beam acquired 3,790 Restricted Stock Units (RSUs) at a price of $0.
- Following this transaction, Beam directly owns 7,739 RSUs.
- These RSUs vest in three equal installments on February 21, 2025, February 21, 2026, and February 21, 2027.
- The filing was signed by David C. House, Attorney-in-Fact for Christian I. Beam, on February 27, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as an indicator of management's confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of transaction: Acquisition of 3,790 Restricted Stock Units |
| 02/21/2025 | First vesting date for the Restricted Stock Units |
| 02/21/2026 | Second vesting date for the Restricted Stock Units |
| 02/21/2027 | Third vesting date for the Restricted Stock Units |
| 02/27/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.