AEP (NYSE: AEP) executive receives stock award with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Electric Power Company reported a routine equity compensation event for Douglas A. Cannon, President AEP Transmission. He received a grant of 11 shares of common stock at $132.31 per share, and 5 shares were withheld at the same price to cover tax obligations. Following these transactions, Cannon directly holds 27,270 shares of AEP common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cannon Douglas A
Role
President AEP Transmission
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11 | $132.31 | $1K |
| Tax Withholding | Common Stock | 5 | $132.31 | $661.55 |
Holdings After Transaction:
Common Stock — 27,275 shares (Direct)
Footnotes (1)
FAQ
What did the latest Form 4 for AEP insider Douglas A. Cannon report?
The Form 4 shows Douglas A. Cannon, President AEP Transmission, received a grant of 11 AEP common shares at $132.31 each, with 5 shares withheld to satisfy tax obligations. After these routine equity compensation entries, he directly owns 27,270 AEP common shares.
Was there an open-market stock sale by Douglas A. Cannon in this AEP Form 4?
No open-market sale is reported. The filing shows a grant of 11 AEP common shares and a disposition of 5 shares coded as tax withholding. This indicates shares were withheld to cover tax liability, not sold in the open market for trading purposes.
What role does Douglas A. Cannon hold at American Electric Power (AEP)?
Douglas A. Cannon is identified as an officer of American Electric Power, serving as President AEP Transmission. His Form 4 insider filing reports changes in his direct holdings of AEP common stock arising from equity compensation and related tax-withholding entries.