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American Electric Power (AEP) Form 144 Notice: 5,000 Shares for Sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 filing for American Electric Power Company, Inc. (AEP) reports a proposed sale of 5,000 common shares through Fidelity Brokerage Services with an aggregate market value of $565,150. The shares were acquired on 08/01/2024 via restricted stock vesting as compensation and are scheduled for sale on or about 08/15/2025 on NASDAQ. The filer reports no securities sold in the past three months. The notice includes the standard representation that the selling person is not aware of undisclosed material adverse information, and it follows Rule 144 disclosure requirements.

Positive

  • Full disclosure of required Rule 144 elements including acquisition date, nature (restricted stock vesting), broker, and aggregate market value
  • No securities sold in the past three months by the selling person, limiting immediate aggregation concerns

Negative

  • None.

Insights

TL;DR: Insider plans to sell vested restricted shares (5,000 shares, $565,150) through an established broker; disclosure appears routine.

The filing documents a proposed sale of 5,000 common shares acquired via restricted stock vesting on 08/01/2024, with an approximate sale date of 08/15/2025 executed through Fidelity Brokerage Services. The filing discloses aggregate market value and outstanding share count, and states there were no sales by the seller in the prior three months. From a corporate finance viewpoint, this is a standard Rule 144 notice reflecting a planned sale of previously restricted compensation shares; the filing provides the essential transaction dates, acquisition nature, and broker information investors require for transparency.

TL;DR: Filing meets Rule 144 disclosure elements; signer affirms no undisclosed material adverse information.

The notice includes required elements: class of security, broker name and address, number of shares, market value, outstanding shares, acquisition date and nature (restricted stock vesting), payment nature (compensation), and planned sale date. The seller certifies lack of material nonpublic information and indicates no prior sales in the last three months. Procedurally, this filing aligns with regulatory expectations for an insider's proposed sale and contains the standard caution regarding false statements.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the AEP Form 144 filed here disclose?

The filing discloses a proposed sale of 5,000 common shares acquired by restricted stock vesting on 08/01/2024, with an aggregate market value of $565,150, to be sold around 08/15/2025 on NASDAQ through Fidelity Brokerage Services.

Who is handling the sale of the AEP shares in this Form 144?

The broker listed is Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield RI 02917.

How were the shares acquired according to the filing?

The shares were acquired via restricted stock vesting on 08/01/2024, and the nature of payment is listed as compensation.

Does the filing report any securities sold by the person in the past three months?

No. The filing states Nothing to Report for securities sold during the past three months.

What representation does the seller make in this Form 144?

By signing, the seller represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.
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