Form 4: American Electric Power Executive Sells Shares to Cover Tax Obligations After RSU Vesting
SEC Form 4 Filing
David Matthew Feinberg, an Executive Vice President at American Electric Power, sold shares of common stock to cover tax liabilities following the vesting of restricted stock units.
Summary
- David Matthew Feinberg, an Executive Vice President at American Electric Power (AEP), filed a Form 4 indicating changes in beneficial ownership.
- On February 21, 2025, Feinberg sold shares of AEP common stock to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The sales involved the withholding of 516 shares from RSUs granted on February 21, 2022, 438 shares from RSUs granted on February 20, 2023, and 518 shares from RSUs granted on February 23, 2024.
- All shares were sold at a price of $105.33.
- Following these transactions, Feinberg directly owns 25,423 shares of AEP common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The sale of shares to cover tax obligations upon RSU vesting is a common practice.
Key Dates
| Date | Description |
|---|---|
| February 21, 2022 | Date of grant for 1,616 restricted stock units, a portion of which vested on February 21, 2025. |
| February 20, 2023 | Date of grant for 1,451 restricted stock units, a portion of which vested on February 21, 2025. |
| February 23, 2024 | Date of grant for 1,716 restricted stock units, a portion of which vested on February 21, 2025. |
| February 21, 2025 | Date of RSU vesting and share sales to cover tax liabilities. |
| February 25, 2025 | Date of Form 4 filing. |
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