AEP EVP receives stock award with tax withholding
American Electric Power Executive Vice President Kelly J. Ferneau received a grant of 14 shares of common stock at $132.31 per share as part of equity compensation.
Sentiment and the balance of points
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Rhea-AI Filing Summary
American Electric Power Executive Vice President Kelly J. Ferneau received a grant of 14 shares of common stock at $132.31 per share as part of equity compensation. On the same date, 8 shares were withheld to cover tax obligations, leaving Ferneau with 20,199 directly owned shares.
A footnote explains related performance share units under the AEP Long-Term Incentive Plan, with 6 vested units deferred into phantom "Career Shares" that will be paid in stock after employment with AEP ends.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14 | $132.31 | $2K |
| Exercise Price or Tax Liability | Common Stock | 8 | $132.31 | $1K |
Footnotes (1)
- F1. Performance Share units awarded pursuant to the AEP Long-Term Incentive Plan. The reporting person deferred the receipt of 6 vested performance units (net of taxes) into Career Shares (phantom stock) in AEP's Stock Ownership Requirement Plan. The Career Shares become payable upon the reporting person's termination of employment with AEP.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AEP Executive Vice President Kelly J. Ferneau report?
Was the AEP (AEP) Form 4 transaction a market purchase or sale?
Does Kelly J. Ferneau’s AEP Form 4 indicate any remaining derivative positions?
AI-generated analysis. How Rhea-AI works. Not financial advice.