Form 4: American Electric Power Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Matthew Feinberg, an Executive Vice President at American Electric Power, sold shares to cover tax liabilities upon vesting of restricted stock units.
Summary
- On May 1, 2024, David Matthew Feinberg, an Executive Vice President at American Electric Power Co Inc, had 1,773 restricted stock units vest.
- To cover the associated tax liability, 801 shares of common stock were sold at a price of $88.15 per share.
- Following the transaction, Feinberg directly owns 21,490 shares of American Electric Power.
- The sale was executed to satisfy tax obligations related to the vesting of restricted stock units granted on February 21, 2021.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vested stock awards, a common practice among executives.
Key Dates
| Date | Description |
|---|---|
| February 21, 2021 | Date restricted stock units were granted. |
| May 1, 2024 | Date of vesting and stock sale transaction. |
| May 2, 2024 | 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.