Form 4: AEP Interim CEO Benjamin Fowke III Reports Stock Transactions

Interim CEO Benjamin Fowke III reports stock acquisitions and disposals related to deferred compensation and stock units.

Summary

• Benjamin G.S. Fowke III, Interim CEO & President of American Electric Power Co Inc (AEP), reported transactions on March 31, 2024.
• Fowke acquired 309.72 shares of common stock at $86.10 through the AEP Stock Unit Accumulation Plan for Non-Employee Directors.
• He also disposed of 2,206.25 shares of common stock.
• Additionally, Fowke acquired 493.61 phantom stock units, each representing one share of common stock, and disposed of 4,143.52 phantom stock units.
• The reporting director deferred the receipt of his $26,667 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors.
• The reporting director may transfer amounts in the AEP Stock Fund into an alternative investment 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.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The director may transfer amounts in the AEP Stock Fund into an alternative investment at any time, and stock units are paid in cash or shares upon termination of service unless payment is deferred.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company leadership.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and deferred stock units.

Key Dates