Form 4: AEP Director Lewis Von Thaer Reports Changes in Beneficial Ownership

Director Lewis Von Thaer reports acquisition of phantom stock units and disposal of common stock related to director compensation.

Summary

• On December 31, 2024, Director Lewis Von Thaer acquired 460.8 phantom stock units of American Electric Power Co Inc (AEP) as part of director compensation.
• On the same date, the director disposed of 460.8 shares of common stock at a price of $92.23.
• Following these transactions, the director directly owns 5,803.25 derivative securities.
• The phantom stock units are payable in cash or shares upon termination of service, with an option for deferred payment.

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 director compensation and stock ownership, common among publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include stock and stock-based awards to align director interests with shareholder value.
• Phantom stock units are a common form of deferred compensation used by companies like AEP and other large corporations.
• The reporting requirements under Section 16(a) of the Securities Exchange Act are standard practice for corporate insiders.

Stakeholder Impact

• The transactions reflect standard director compensation practices, which can influence shareholder perception of alignment between management and shareholder interests.

Key Dates