Form 4: AEP Director Art A. Garcia Reports Stock Plan Activity

Director Art A. Garcia reports changes in beneficial ownership of American Electric Power Co. Inc. stock units related to the AEP Stock Plan.

Summary

• On March 31, 2025, Art A. Garcia, a director of American Electric Power Co. Inc. (AEP), reported transactions related to the AEP Stock Unit Accumulation Plan for Non-Employee Directors.
• Garcia acquired 2,500 common stock shares.
• He also reported activity in phantom stock units, with each unit representing the right to receive the cash value of one share of AEP common stock.
• The AEP stock price at the time of the transaction was $109.27.
• As of the report, Garcia directly owns 992.78 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and neither positive nor negative sentiment is warranted.

Future Outlook

The phantom stock units are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies in the US, as mandated by the SEC.
• The AEP Stock Unit Accumulation Plan for Non-Employee Directors is a common form of deferred compensation, similar to plans offered by other large utility companies such as Duke Energy and Southern Company.
• The reporting requirements and timelines are consistent with SEC regulations and industry norms.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a company director.
• It has minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

AEP, American Electric Power, Director, Stock Units, Beneficial Ownership, Form 4, Garcia, Phantom Stock, Stock Plan