Form 4: AEP Executive Peggy Simmons Reports Stock Transactions
SEC Filing
Executive Vice President Peggy Simmons reports acquisition and disposal of restricted stock units in American Electric Power Co Inc.
Summary
- Peggy Simmons, an Executive Vice President at American Electric Power Co Inc (AEP), filed a Form 4 with the SEC.
- The report details changes in her beneficial ownership of AEP securities.
- On February 23, 2024, Simmons acquired 3,790 Restricted Stock Units (RSUs) at a price of $0.
- Following this transaction, she beneficially owns 14,058 RSUs.
- These RSUs vest in three equal installments on February 21, 2025, February 21, 2026, and February 21, 2027.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- Shareholders may be interested in tracking executive stock ownership as an indicator of management's alignment with shareholder interests.
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.