Form 4: American Electric Power Executive Kate Sturgess Reports Stock Disposal
SEC Form 4 Filing
Kate Sturgess, Controller and CAO of American Electric Power, reports disposing of company stock to cover tax obligations.
Summary
- On March 22, 2024, Kate Sturgess, Controller and CAO of American Electric Power Co Inc, reported a transaction involving the disposal of common stock.
- The transaction involved the disposal of 2 shares of common stock at a price of $83.84.
- Following the transaction, Sturgess directly owns 11,140 shares of American Electric Power common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine transaction. The disposal of shares by an executive is not inherently positive or negative.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. It is common for executives to sell shares to cover tax obligations related to stock awards or option exercises.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of transaction: Disposal of common stock. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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