Form 4: AEP Director Art A. Garcia Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Art A. Garcia reports acquiring phantom stock units and updating beneficial ownership of American Electric Power Co Inc.
Summary
- On June 30, 2024, Art A. Garcia, a director of American Electric Power Co Inc. (AEP), acquired phantom stock units.
- The transaction involved the acquisition of 484.38 phantom stock units.
- Following the transaction, Garcia's direct ownership includes 10,094.02 shares.
- The AEP stock price at the time of the transaction was $87.74.
- The reporting person has the option to defer payment for a period that results in payment commencing not later than five years thereafter.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company directors.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction: acquisition of phantom stock units |
| 07/01/2024 | Date of report filing |
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