Form 4: American Equity Investment Life Holding Co: Executive Volpe Reports Stock Disposal for Tax Obligations

Nicholas P. Volpe, EVP & Chief Technology Officer of American Equity Investment Life Holding Co, disposed of 356 shares of common stock on February 23, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 23, 2024, Nicholas P. Volpe, the EVP & Chief Technology Officer of American Equity Investment Life Holding Co, reported a transaction involving the disposal of 356 shares of common stock.
• The shares were disposed of to cover tax withholding obligations associated with the vesting of time-based restricted stock units.
• The transaction was executed at a price of $55.58 per share.
• Following the transaction, Volpe directly owns 12,135 shares of common stock and indirectly owns 197 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Executive Compensation, Stock Disposal, Tax Withholding, Restricted Stock Units, AEL, American Equity Investment Life Holding Co, Nicholas P. Volpe