Form 4: AEP Director Stoddard Reports Stock Transactions

Director Daniel G. Stoddard reports acquisition and disposal of American Electric Power (AEP) stock and phantom stock units.

Summary

• On March 31, 2024, Director Daniel G. Stoddard acquired 387.14 shares of AEP common stock at $86.1 per share.
• On the same day, Stoddard disposed of 1,085.17 shares of common stock.
• Stoddard also acquired 493.61 phantom stock units.
• These transactions are related to the AEP Stock Unit Accumulation Plan for Non-Employee Directors, where Stoddard deferred his quarterly cash retainer into the AEP Stock Fund.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which has a neutral sentiment.

Future Outlook

The director may transfer amounts in the AEP Stock Fund into an alternate investment plan at any time. 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 insider transactions, which are common for directors of publicly traded companies. It provides transparency into the trading activities of company insiders, allowing investors to monitor their actions.

Related Party Transactions

• The transactions are related to the AEP Stock Unit Accumulation Plan for Non-Employee Directors, which is a related party transaction.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the director's investment in the company.

Key Dates