Form 4: AEP Director Donna James Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Donna James reports acquisition and disposal of phantom stock units in American Electric Power Co Inc.
Summary
- On December 31, 2024, Director Donna James acquired 460.8 phantom stock units of American Electric Power Co Inc.
- The price of AEP stock at the time of the transaction was $92.23.
- Following the transaction, the reporting person beneficially owns 5,189.79 derivative securities.
- The stock units are paid to the director in cash or shares upon termination of service, unless the director has elected to defer payment.
- Payment will commence no later than five years after termination of service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice among publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Acquisition of phantom stock units. |
| 01/03/2025 | Date of signature for the report. |
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