Restricted stock tax withholding for American Electric Power (AEP) executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Electric Power Co., Inc. executive Douglas A. Cannon, President AEP Transmission, had 1,770 restricted stock units disposed of on May 1, 2026 through shares being withheld to cover tax obligations on vesting. A portion of his restricted stock units grant (6,081 units granted June 11, 2025) vested, and shares were retained after tax withholding. Following this routine compensation-related tax withholding event, Cannon directly holds 25,655 shares of American Electric Power common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cannon Douglas A
Role
President AEP Transmission
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Resticted Stock Units | 1,770 | $136.91 | $242K |
Holdings After Transaction:
Resticted Stock Units — 25,655 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld RSUs: 1,770 units
Vesting RSU grant: 6,081 units
Share value used for taxes: $136.91 per share
+1 more
4 metrics
Tax-withheld RSUs
1,770 units
Restricted stock units withheld for tax liability on May 1, 2026
Vesting RSU grant
6,081 units
Portion of RSUs granted June 11, 2025 that vested on May 1, 2026
Share value used for taxes
$136.91 per share
Price per share applied to the 1,770 withheld units
Shares after transaction
25,655 shares
Directly held AEP common shares following tax withholding
Key Terms
restricted stock units, tax liability, tax-withholding disposition, Form 4
4 terms
restricted stock units financial
"A portion of the Reporting Person's restricted stock units (6,081) granted on June 11, 2025, vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Upon vesting, 1,770 restricted stock units were withheld to satisfy the Reporting Person's tax liability"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,770.0000 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): { "issuerName": "AMERICAN ELECTRIC POWER CO INC""
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did AEP executive Douglas A. Cannon report in this Form 4?
Douglas A. Cannon reported a tax-withholding disposition of 1,770 restricted stock units. These shares were withheld when part of his equity award vested, covering tax obligations tied to compensation rather than representing an open-market stock sale.
How many American Electric Power (AEP) restricted stock units vested for Douglas Cannon?
A portion of Douglas Cannon’s restricted stock unit grant totaling 6,081 units vested. When those units vested, the company withheld 1,770 units to satisfy his tax liability, while the remaining vested units converted into shares he continues to own directly.
What does transaction code F mean in Douglas Cannon’s AEP Form 4 filing?
Transaction code F means shares were used to pay an exercise price or tax liability. In this case, 1,770 restricted stock units were withheld when Cannon’s award vested, satisfying his tax obligation without him executing an open-market sale of AEP stock.