4/A: AEP Executive Therace Risch Corrects Form 4 Filing on Stock Transactions

Therace Risch, Executive Vice President at American Electric Power (AEP), files an amended Form 4 to correct previously reported stock transactions.

Summary

• Therace Risch, an Executive Vice President at American Electric Power (AEP), filed an amended Form 4 with the SEC.
• The amendment corrects inaccuracies in the original filing regarding the number of shares withheld for taxes and the number of deferred shares.
• The corrected filing shows that on March 1, 2024, Risch acquired 10,060 shares of common stock and disposed of 503 shares for tax purposes.
• Following these transactions, Risch beneficially owns 21,025 shares of AEP common stock.
• The filing also clarifies that 9,201 vested performance units were deferred into Career Shares (phantom stock) in AEP's Stock Ownership Requirement Plan, which become payable upon termination of employment.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would significantly impact investor sentiment, but accuracy in reporting is always viewed positively.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of insider transactions.

Key Dates