Form 4: AEP Executive Vice President Christian T. Beam Reports Stock Disposal
SEC Form 4 Filing
Executive Vice President Christian T. Beam of American Electric Power Co Inc. reports disposing of 20 shares of common stock to cover tax obligations.
Summary
- On March 22, 2024, Christian T. Beam, an Executive Vice President at American Electric Power Co Inc. (AEP), disposed of 20 shares of common stock.
- The transaction was executed at a price of $83.84 per share.
- This disposal was related to covering tax obligations.
- Following the transaction, Beam directly owns 7,908 shares of AEP common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a common transaction (disposal of shares for tax obligations). It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing indicates a small disposal of shares by an executive, likely to cover tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of stock disposal transaction |
| 03/26/2024 | Date of signature on the report |
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