Form 4: AEP Executive Vice President Quinton S. Lies Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Quinton S. Lies of American Electric Power Co Inc. reports the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On February 21, 2025, Quinton S. Lies, an Executive Vice President at American Electric Power Co Inc. (AEP), had shares withheld to cover tax obligations upon the vesting of restricted stock units.
- A total of 387 shares were withheld from restricted stock units granted on January 18, 2022, at a price of $105.33 per share.
- Additionally, 154 shares were withheld from restricted stock units granted on February 21, 2022, at the same price.
- Furthermore, 305 shares were withheld from restricted stock units granted on February 20, 2023, at $105.33 per share.
- Finally, 328 shares were withheld from restricted stock units granted on February 23, 2024, at $105.33 per share.
- Following these transactions, Lies directly owns 13,705 shares of AEP common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| January 18, 2022 | Date of grant of 1,237 restricted stock units, a portion of which vested on February 21, 2025. |
| February 21, 2022 | Date of grant of 537 restricted stock units, a portion of which vested on February 21, 2025. |
| February 20, 2023 | Date of grant of 1,063 restricted stock units, a portion of which vested on February 21, 2025. |
| February 23, 2024 | Date of grant of 1,144 restricted stock units, a portion of which vested on February 21, 2025. |
| February 21, 2025 | Date of transaction: vesting of restricted stock units and withholding of shares for tax liability. |
| February 25, 2025 | Date of Form 4 filing. |
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