Form 4: AEP Director Gary Hunter Clark Acquires Phantom Stock

Director Gary Hunter Clark of American Electric Power Co Inc (AEP) reported the acquisition of phantom stock units on March 31, 2026.

Summary

• Director Gary Hunter Clark acquired 324 phantom stock units of American Electric Power Co Inc (AEP).
• The transaction occurred on March 31, 2026, at a price of $131.08 per share.
• Following this transaction, the director holds a total of 3,684 phantom stock units.
• Phantom stock units are settled in cash or shares upon the termination of the director's service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or strategy.

Positives

• Demonstrates alignment of interest between the director and shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Value of phantom stock units is subject to the market performance of AEP common stock.

Future Outlook

The phantom stock units are payable in cash or shares upon the director's termination of service, subject to deferral elections.

Industry Context

StockSavvy.ai notes that director equity compensation via phantom stock is a standard corporate governance practice in the utility sector to ensure long-term alignment with shareholder interests without immediate dilution.

Comparison to Industry Standards

• The use of phantom stock units is consistent with standard compensation practices for non-employee directors in large-cap utility companies like Duke Energy or Southern Company.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard director compensation.

Next Steps

• No further action required; this is a standard periodic disclosure.

Key Dates

Keywords

AEP, American Electric Power, Form 4, Insider Trading, Director Compensation, Phantom Stock