Ulrich Phillip R. 4

What Happened

• Ulrich Phillip R., Executive Vice President of American Electric Power (AEP), had a series of equity transactions around Feb 26–27, 2026. The headline action: an open-market sale of 4,106 AEP shares on 2026-02-27 at $132.08 per share, generating $542,320.
• The filing also reports an award/grant of 12,353 shares on 2026-02-26 (reported as acquired at $0.00) and a tax-withholding disposition of 5,510 shares on 2026-02-26 (reported at $0.00), consistent with covering tax liabilities on the award.

Key Details

• Dates and prices:
  • 2026-02-26: Award/Grant (Code A) — 12,353 shares @ $0.00 (acquired).
  • 2026-02-26: Tax withholding (Code F) — 5,510 shares @ $0.00 (disposed to cover taxes).
  • 2026-02-27: Open-market sale (Code S) — 4,106 shares @ $132.08 = $542,320 (gross).
• Shares owned after the transactions: not specified in the information provided here.
• Footnote: The Feb 27 sale was executed under a Rule 10b5-1 trading plan adopted by Mr. Ulrich on August 7, 2025 (prearranged plan).
• Filing: Form 4 was filed with accession 0001628280-26-013081 on 2026-03-02.

Context

• The sequence (award → tax withholding → open-market sale) is typical when restricted stock or RSUs vest: shares are granted, some are surrendered to cover taxes, and the insider may sell additional shares (here via a pre-set 10b5-1 plan).
• The 10b5-1 plan means the sale was pre-scheduled and not necessarily a reaction to non-public company information. This is a routine insider transaction rather than a purchase that would signal a direct bullish bet.