Form 4: AEP Executive Ulrich Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Phillip R. Ulrich, Senior Vice President at American Electric Power (AEP), reports acquisition and disposal of common stock and performance share units.
Summary
- On March 1, 2024, Phillip R. Ulrich, a Senior Vice President at American Electric Power Co Inc (AEP), reported changes in beneficial ownership of AEP's common stock.
- Ulrich acquired 3,697 shares of common stock at $0, and disposed of 243 shares at $0.
- Following these transactions, Ulrich directly owns 12,151 shares of AEP common stock.
- Ulrich also deferred the receipt of 3,454 vested performance units (net of taxes) into Career Shares (phantom stock) in AEP's Stock Ownership Requirement Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.
Future Outlook
The Career Shares become payable upon the reporting person's termination of employment with AEP.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction for common stock acquisition and disposal. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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