Form 4: AEP Director Donna James Reports Acquisition of Phantom Stock Units

Director Donna James reports acquiring phantom stock units and updates beneficial ownership of American Electric Power Co Inc.

Summary

• On September 30, 2024, Donna James, a director of American Electric Power Co Inc. (AEP), acquired phantom stock units.
• The transaction involved 414.23 phantom stock units.
• Following the transaction, James directly owns 4,683.19 shares of common stock.
• The price of AEP stock at the time of the transaction was $102.6.
• These stock units are paid to the director in cash or shares upon termination of service, unless the director has elected to defer payment.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock units acquisition, indicating continued alignment of the director's interests with the company's performance.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of phantom stock units suggests an expectation of future value.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's ongoing investment in the company.

Key Dates