Form 4: AEP Director Donna James Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Donna James reports acquisition of phantom stock units in American Electric Power Co Inc.
Summary
- On March 31, 2024, Donna James, 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 potential deferral options.
- The price of AEP stock at the time of the transaction was $86.1.
- Following the transaction, James directly owns 3,711.6 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The stock units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.
Industry Context
This filing is a routine disclosure of a director's acquisition of phantom stock units, a common form of executive compensation in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of phantom stock units |
| 04/02/2024 | Date of signature on the report |
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