Form 4: AEP Executive VP & CFO Charles E. Zebula Reports Stock Transaction
SEC Form 4 Filing
Charles E. Zebula, Executive VP & CFO of American Electric Power (AEP), reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On December 31, 2024, Charles E. Zebula, Executive VP & CFO of American Electric Power (AEP), had 9,477 shares of common stock disposed of to cover tax obligations.
- The shares were withheld at a price of $92.23 per share.
- This transaction occurred due to the vesting of 20,954.27 restricted stock units granted on September 30, 2023, which vested on December 31, 2024.
- Following the transaction, Zebula directly owns 72,636 shares of AEP common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction related to executive compensation; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's stock ownership and compensation.
Key Dates
| Date | Description |
|---|---|
| 09/30/2023 | Date of grant for 20,954.27 restricted stock units. |
| 12/31/2024 | Date of vesting of restricted stock units and subsequent stock disposition for tax obligations. |
| 01/03/2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.