Form 4: American Electric Power Executive Greg B. Hall Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President Greg B. Hall of American Electric Power Co Inc. reports a transaction involving the withholding of shares to cover tax liability upon vesting of restricted stock units.
Summary
- On May 1, 2024, Greg B. Hall, an Executive Vice President at American Electric Power Co Inc. (AEP), had a transaction involving common stock.
- 124 shares were disposed of to satisfy tax liabilities upon the vesting of restricted stock units.
- The price per share was $88.15.
- Following the transaction, Hall directly owns 12,265 shares of AEP common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock disposal by an executive.
Key Dates
| Date | Description |
|---|---|
| February 21, 2021 | Date of grant for the restricted stock units, a portion of which vested on May 1, 2024 (406 units). |
| May 1, 2024 | Date of the transaction where 124 shares were withheld for tax liability. |
| May 2, 2024 | Date of signature for the 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.