Form 4: American Electric Power Executive Phillip R. Ulrich Reports Stock Transaction
SEC Form 4 Filing
Phillip R. Ulrich, Senior Vice President at American Electric Power, reports the disposal of 119 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 1, 2024, Phillip R. Ulrich, a Senior Vice President at American Electric Power Co Inc (AEP), disposed of 119 shares of common stock.
- The transaction was executed to cover tax liabilities arising from the vesting of restricted stock units.
- The shares were sold at a price of $88.15 per share.
- Following the transaction, Ulrich directly owns 8,477 shares of AEP common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 08/02/2021 | Date of grant for the restricted stock units that vested. |
| 05/01/2024 | Date of the stock transaction (disposal of shares). |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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