Form 4: AEP Director Daryl Roberts Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Daryl Roberts reports acquiring phantom stock units in American Electric Power Co Inc.
Summary
- On March 31, 2024, Daryl Roberts, a director of American Electric Power Co Inc. (AEP), acquired 493.61 phantom stock units.
- These stock units are payable in cash or shares upon termination of service, with the possibility of deferred payment up to five years.
- The AEP stock price at the time of the transaction was $86.1.
- Following the transaction, Roberts beneficially owns 6,756.69 phantom stock units directly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units by a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Daryl Roberts acquired phantom stock units. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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