Form 4: Apartment Investment & Management Co: CEO Wesley Powell Reports Stock Disposal

Wesley Powell, President and CEO of Apartment Investment & Management Co, reported the disposal of 30,651 shares of Class A Common Stock to cover tax obligations, while still holding a significant number of shares.

Summary

• On January 27, 2025, Wesley William Powell, the President and CEO of Apartment Investment & Management Co (AIV), reported a transaction involving Class A Common Stock.
• Powell disposed of 30,651 shares of Class A Common Stock at a price of $8.93 per share.
• This transaction was marked with transaction code 'F', indicating it was likely to cover tax obligations related to vesting of stock or option awards.
• Following the transaction, Powell directly owns 563,361 shares of Class A Common Stock.
• Powell also indirectly owns 46 shares through a 401(k) plan, based on a plan statement dated December 31, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction. The disposal of shares for tax purposes is a normal occurrence.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The disposal of shares to cover tax obligations is a common occurrence and doesn't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The transaction could have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the nature of the transaction.

Key Dates