Form 4: AEP Director Gary Hunter Clark Reports Acquisition of Phantom Stock Units

Director Gary Hunter Clark reports the acquisition of phantom stock units in American Electric Power Co Inc.

Summary

• On March 31, 2024, Gary Hunter Clark, a director of American Electric Power Co Inc. (AEP), acquired 329.07 phantom stock units.
• These stock units are payable in cash or shares upon termination of service, unless deferred by the director for up to five years.
• The AEP stock price at the time of the transaction was $86.1.
• The transaction was reported on April 2, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock units will be paid out in cash or shares upon termination of service, unless the director elects to defer payment.

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.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be seen as a positive sign by shareholders, aligning the director's interests with those of the company's long-term performance.

Key Dates