Form 4: AEP Director Linginfelter Reports Acquisition of Phantom Stock Units

Director Henry P. Linginfelter reports acquisition of phantom stock units in American Electric Power Co Inc.

Summary

• On September 30, 2024, Henry P. Linginfelter, a director of American Electric Power Co Inc. (AEP), acquired 414.23 phantom stock units.
• These stock units are to be paid in cash or shares upon termination of service, unless payment is deferred.
• The price of AEP stock at the time of the transaction was $102.6.
• Following the transaction, Linginfelter beneficially owns 1,237.92 shares.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock unit acquisition by a company director, with no inherent positive or negative sentiment.

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 disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Key Dates