Form 4: American Equity Executive Sells Shares to Cover Tax Obligations

Jeffrey D. Lorenzen, EVP & Chief Risk Officer of American Equity Investment Life Holding Co, disposed of shares to cover tax obligations related to vesting restricted stock units.

Summary

• Jeffrey D. Lorenzen, EVP & Chief Risk Officer of American Equity Investment Life Holding Co, reported changes in beneficial ownership.
• On February 23, 2024, Lorenzen disposed of 512 shares of common stock at a price of $55.58 to cover tax obligations.
• On February 25, 2024, Lorenzen disposed of 3,065 shares of common stock at a price of $55.58 to cover tax obligations.
• Following these transactions, Lorenzen directly owns 27,323 shares of common stock and indirectly owns 14,045 shares through an ESOP.

Sentiment

Score: 6

Explanation: The document is a routine filing related to stock transactions for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Beneficial Ownership, AEL, American Equity, Lorenzen, Stock Sale, Tax Withholding, ESOP