AEP (NYSE: AEP) EVP granted shares, with portion withheld to pay taxes
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6 shares
Net Buy
2 txns
Insider
Ferneau Kelly J
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14 | $132.31 | $2K |
| Exercise Price or Tax Liability | Common Stock | 8 | $132.31 | $1K |
Holdings After Transaction:
Common Stock — 20,199 shares (Direct)
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
What insider transaction did AEP Executive Vice President Kelly J. Ferneau report?
Kelly J. Ferneau reported an equity award and related tax withholding. Ferneau received 14 shares of American Electric Power common stock as compensation, while 8 shares were simultaneously withheld to satisfy tax obligations, resulting in direct ownership of 20,199 shares after the transactions.
Was the AEP (AEP) Form 4 transaction a market purchase or sale?
The Form 4 does not report an open-market purchase or sale. It shows a 14-share equity award coded as a grant (A) and an 8-share disposition coded as tax withholding (F), both tied to compensation and tax obligations rather than discretionary trading.
Does Kelly J. Ferneau’s AEP Form 4 indicate any remaining derivative positions?
The filing’s derivative summary shows no remaining derivative positions. The derivative section is empty in this Form 4 excerpt, indicating no unexercised options or other derivative securities are reported for Kelly J. Ferneau in this particular filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.