Form 4: AEP Director Linginfelter Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Henry P. Linginfelter reports the acquisition of phantom stock units in American Electric Power Co Inc.
Summary
- On March 31, 2024, Henry P. Linginfelter, 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 the director elects to defer payment for up to five years.
- The price of AEP stock at the time of the transaction was $86.1.
- Following the transaction, Linginfelter beneficially owns 329.07 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock units granted to a director.
- It provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of phantom stock units. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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