Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AEP | Common Stock | Sale | -$973K | -10.5K | -7.71% | $92.75 | 126K | May 2, 2023 | Direct | F1 |
holding | AEP | Common Stock | 22.3K | May 2, 2023 | Indirect | F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 25, 2022. |
F2 | These shares are held by a trust for the benefit of the reporting person's spouse, of which the reporting person's spouse is the trustee. The reporting person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest. |