Lies Quinton S has filed a report detailing his ownership in American Electric Power Co Inc, a significant player in the electric services industry. This filing is important as it highlights the ownership stakes of key executives within the company, which can impact corporate governance and strategic decisions.
Background
Lies Quinton S is associated with American Electric Power Co Inc, which operates under the SIC code for electric services. The company is incorporated in New York and has its headquarters in Columbus, Ohio. AEP is known for its extensive operations in the energy sector, providing electricity to millions of customers across several states.
What the Filing Says
According to the recent filing, Quinton S holds 1,121 shares of common stock in AEP. Additionally, he has various derivative holdings, including 8,231 shares of career shares (phantom stock), 2,338 restricted stock units, and several other restricted stock units totaling 1,209 shares. The filing notes, "Career shares become payable upon the reporting person's termination of employment with AEP." This indicates the significance of these shares in relation to his employment status.
Impact
This filing may affect stakeholders within American Electric Power, including shareholders and employees, as it provides insight into the ownership structure and potential future decisions made by the company's leadership. Understanding the ownership stakes of executives like Quinton S can help investors gauge the alignment of interests between management and shareholders.
What's Next
The filing does not say what happens next.