AEP (AEP) EVP Phillip Ulrich awarded 2,879 restricted stock units vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ulrich Phillip R. reported acquisition or exercise transactions in this Form 4 filing.
American Electric Power Executive Vice President Phillip R. Ulrich received a grant of 2,879 restricted stock units on AEP common stock. Each unit represents a right to receive one share upon vesting. The award vests in three equal installments on February 21, 2027, February 21, 2028, and February 21, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ulrich Phillip R.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Resticted Stock Units | 2,879 | $130.24 | $375K |
Holdings After Transaction:
Resticted Stock Units — 40,476 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did AEP Executive Vice President Phillip R. Ulrich report?
Phillip R. Ulrich reported receiving 2,879 restricted stock units in American Electric Power common stock. These units are part of his equity compensation and are scheduled to vest over three years, aligning his interests with long-term shareholder value.
When do Phillip R. Ulrich’s AEP restricted stock units vest?
The 2,879 restricted stock units vest in three equal installments on February 21, 2027, February 21, 2028, and February 21, 2029. Each vesting date delivers AEP common shares, rewarding continued service and long-term performance.
What does each restricted stock unit granted to Phillip R. Ulrich at AEP represent?
Each restricted stock unit represents a right to receive one share of American Electric Power common stock upon vesting. This structure ties a portion of the executive’s compensation to the company’s share performance over time.
Is Phillip R. Ulrich’s Form 4 transaction a purchase or an award of AEP stock?
The Form 4 shows an award of 2,879 restricted stock units, not an open-market purchase. The transaction code “A” denotes a grant or other acquisition as part of his compensation package at American Electric Power.