Form 4: AEP Executive Phillip R. Ulrich Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Executive Vice President Phillip R. Ulrich of American Electric Power Co Inc. reports the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- Phillip R. Ulrich, an Executive Vice President at American Electric Power Co Inc. (AEP), filed a Form 4 detailing changes in beneficial ownership.
- The report indicates that on February 21, 2025, shares were withheld to cover tax liabilities upon the vesting of restricted stock units.
- Specifically, 332 shares were withheld from the vesting of restricted stock units granted on February 21, 2022.
- Additionally, 294 shares were withheld from the vesting of restricted stock units granted on February 20, 2023.
- Finally, 316 shares were withheld from the vesting of restricted stock units granted on February 23, 2024.
- Following these transactions, Ulrich directly owns 7,535 shares of AEP common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/21/2022 | Date of grant for 969 restricted stock units, a portion of which vested on February 21, 2025. |
| 02/20/2023 | Date of grant for 967 restricted stock units, a portion of which vested on February 21, 2025. |
| 02/23/2024 | Date of grant for 1,039 restricted stock units, a portion of which vested on February 21, 2025. |
| 02/21/2025 | Date of transaction: Vesting of restricted stock units and withholding of shares for tax liability. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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