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

Director Lewis Von Thaer reports acquisition of phantom stock units and adjustments to direct ownership of American Electric Power Co. Inc. (AEP) common stock.

Summary

• On June 30, 2024, Lewis Von Thaer, a director of American Electric Power Co. Inc. (AEP), reported changes in beneficial ownership.
• Von Thaer acquired 484.38 phantom stock units.
• Von Thaer's direct ownership of AEP common stock increased to 4,835.26 shares.
• The AEP stock price at the time of the transaction was $87.74.
• The phantom stock units are payable in cash or shares upon termination of service, unless deferred by the director.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, which carries a neutral sentiment.

Future Outlook

The phantom 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

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the financial interests of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings in the company.

Key Dates