Form 4: AEP Executive Quinton S. Lies Reports Stock Unit Transactions
SEC Form 4
Executive Vice President Quinton S. Lies reports the vesting and subsequent tax withholding of restricted stock units in American Electric Power Co Inc.
Summary
- Quinton S. Lies, an Executive Vice President at American Electric Power Co Inc (AEP), filed a Form 4 detailing changes in beneficial ownership.
- On October 1, 2024, a portion of Mr. Lies' restricted stock units vested.
- Specifically, units granted on October 23, 2023, July 2, 2022, and November 18, 2021, vested.
- Upon vesting, a portion of these units were withheld to satisfy tax liabilities.
- 406 units were withheld from the October 23, 2023 grant, 111 units from the July 2, 2022 grant, and 29 units from the November 18, 2021 grant, all at a price of $102.22.
- Following these transactions, Mr. Lies beneficially owns 11,842.51 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the transactions of company insiders. Vesting schedules and tax withholdings are standard practices.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 11/18/2021 | Grant date of a portion of restricted stock units that vested on 10/01/2024 |
| 07/02/2022 | Grant date of a portion of restricted stock units that vested on 10/01/2024 |
| 10/23/2023 | Grant date of a portion of restricted stock units that vested on 10/01/2024 |
| 10/01/2024 | Vesting date of restricted stock units; tax liabilities satisfied through withholding |
| 10/02/2024 | Date of Form 4 filing |
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