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