Form 4: AEP Director Roberts Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Daryl Roberts reports acquisition of phantom stock units and adjustments to direct ownership of American Electric Power Co. Inc. (AEP) common stock.
Summary
- Daryl Roberts, a director of American Electric Power Co. Inc. (AEP), filed a Form 4 detailing changes in beneficial ownership.
- On June 30, 2024, Roberts acquired phantom stock units.
- Roberts acquired 484.38 phantom stock units.
- Following the transaction, Roberts directly owns 7,308.23 shares of AEP common stock.
- The AEP stock price at the time of the transaction was $87.74.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
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 of stock ownership changes by a company director, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction: Acquisition of phantom stock units and adjustment to direct stock ownership. |
| 07/01/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.