Form 4: AEP Executive Vice President Antonio Smyth Reports Stock Unit Vesting and Tax Withholding
SEC Form 4 Filing
Antonio Smyth, Executive Vice President of American Electric Power, reports the vesting of restricted stock units and subsequent withholding for tax liabilities.
Summary
- On February 21, 2025, Antonio Smyth, Executive Vice President of American Electric Power (AEP), had restricted stock units vest.
- A portion of restricted stock units granted on February 21, 2022, February 20, 2023, April 6, 2023, and February 23, 2024, vested on this date.
- A total of 642 shares were withheld to cover tax liabilities at a price of $105.33 per share.
- Following these transactions, Smyth directly owns 8,432 shares of AEP common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units as a way to align executive interests with shareholder value.
- Vesting schedules and tax withholding practices are common across publicly traded companies.
- Companies like Duke Energy (DUK) and Southern Company (SO) also utilize similar equity-based compensation for their executives.
Stakeholder Impact
- The vesting of restricted stock units aligns executive interests with shareholder value.
- Tax withholding impacts the executive's personal finances.
Key Dates
| Date | Description |
|---|---|
| 02/21/2022 | Date of grant for a portion of the restricted stock units that vested. |
| 02/20/2023 | Date of grant for a portion of the restricted stock units that vested. |
| 04/06/2023 | Date of grant for a portion of the restricted stock units that vested. |
| 02/23/2024 | Date of grant for a portion of the restricted stock units that vested. |
| 02/21/2025 | Date of vesting and tax withholding. |
| 02/25/2025 | Date of Form 4 filing. |
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