Form 4: AEP Director Lewis Von Thaer Reports Acquisition of Phantom Stock Units

Director Lewis Von Thaer reports the acquisition of phantom stock units in American Electric Power Co Inc.

Summary

• On September 30, 2024, Lewis Von Thaer, a director of American Electric Power Co Inc. (AEP), acquired 414.23 phantom stock units.
• These stock units are payable in cash or shares upon termination of service, with an option for deferred payment up to five years.
• The AEP stock price at the time of the transaction was $102.6.
• Following the transaction, Von Thaer directly owns 5,290.7 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard insider trading reporting.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can signal confidence in the company's future performance to shareholders.

Key Dates