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 Co Inc, reports a transaction involving common stock due to vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 1, 2024, Charles E. Zebula, Executive VP & CFO of American Electric Power Co Inc (AEP), had a transaction involving AEP's common stock.
- The transaction involved the vesting of 1,536 restricted stock units granted on February 21, 2021.
- Upon vesting, 695 restricted stock units were withheld to satisfy Mr. Zebula's tax liability at a price of $88.15 per share.
- Following the transaction, Mr. Zebula directly owns 54,166 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 standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates routine compensation-related stock activity.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 21, 2021 | Date of grant for 1,536 restricted stock units. |
| May 1, 2024 | Date of vesting and tax withholding transaction. |
| May 2, 2024 | Date of signature on the Form 4 filing. |
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