Douglas Cannon at American Electric Power (AEP) granted 4,798 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cannon Douglas A reported acquisition or exercise transactions in this Form 4 filing.
American Electric Power executive Douglas A. Cannon, President of AEP Transmission, received a grant of 4,798 restricted stock units of AEP common stock. The award is valued at $130.24 per unit and increases his directly held equity awards to 27,760 units.
The restricted stock units vest in three equal installments on February 21, 2027, February 21, 2028, and February 21, 2029. Each unit represents the right to receive one share of AEP common stock upon vesting, tying a portion of his compensation to the company’s long-term performance.
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 |
|---|---|---|---|---|
| Grant/Award | Resticted Stock Units | 4,798 | $130.24 | $625K |
Holdings After Transaction:
Resticted Stock Units — 27,760 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did AEP executive Douglas A. Cannon report on this Form 4?
Douglas A. Cannon reported an acquisition of 4,798 restricted stock units of American Electric Power (AEP). These units are equity-based compensation and will convert into AEP common stock as they vest over a multi-year schedule, aligning his pay with shareholder outcomes.
At what price were Douglas A. Cannon’s AEP restricted stock units granted?
The 4,798 restricted stock units were granted at a reference value of $130.24 per unit. This value is used for reporting and compensation purposes, reflecting the underlying AEP common stock price at the time of the award on the Form 4 date.
How and when do Douglas A. Cannon’s new AEP restricted stock units vest?
The restricted stock units vest in three equal installments on February 21, 2027, February 21, 2028, and February 21, 2029. Each vested unit entitles Cannon to receive one share of AEP common stock, subject to the company’s standard award and service conditions.
How many AEP equity awards does Douglas A. Cannon hold after this Form 4 transaction?
Following this grant, Douglas A. Cannon directly holds 27,760 restricted stock units tied to AEP common stock. This total reflects his equity-based compensation position after the reported award and shows continuing alignment with American Electric Power’s long-term stock performance.
Does this AEP Form 4 show a stock sale by Douglas A. Cannon?
No, this Form 4 reports a grant of restricted stock units, not a sale. The transaction code "A" indicates an award or other acquisition of derivative equity, which will settle in AEP common shares as the units vest over the stated three-year schedule.