Form 4: American Electric Power Director Acquires Phantom Stock Units

American Electric Power Co Inc Director Henry P. Linginfelter acquired 409.59 phantom stock units, increasing his total beneficial ownership to 2,543.5 units.

Summary

• Henry P. Linginfelter, a Director of American Electric Power Co Inc (AEP), acquired 409.59 phantom stock units.
• The transaction occurred on June 30, 2025.
• The price per phantom stock unit was $103.76, which was the AEP stock price at the time of the transaction.
• Following this acquisition, Henry P. Linginfelter's beneficial ownership of phantom stock units increased to 2,543.5 units.
• Phantom Stock Units are paid to the director in cash or shares upon termination of service, unless the director elects to defer payment for a period that results in payment commencing not later than five years thereafter.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by a director is generally viewed positively as it aligns the director's financial interests with the long-term performance of the company and shareholder value.

Positives

• Director Henry P. Linginfelter increased his beneficial ownership in American Electric Power Co Inc by acquiring 409.59 phantom stock units, aligning his interests with shareholders.
• The acquisition of phantom stock units at a price of $103.76 per unit indicates a commitment to the company's performance at the prevailing market rate.

Future Outlook

The phantom stock units acquired by the director are structured to be paid in cash or shares upon termination of service, with an option for the director to defer payment for up to five years thereafter.

Industry Context

The acquisition of phantom stock units by a director is a standard form of executive and director compensation within the utility sector and broader corporate landscape, designed to align leadership interests with long-term shareholder value.

Related Party Transactions

• Henry P. Linginfelter, a Director of American Electric Power Co Inc, acquired 409.59 phantom stock units from the company.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a director typically signals confidence in the company's future, potentially enhancing shareholder trust and aligning the director's long-term interests with shareholder value.

Key Dates

Keywords

American Electric Power, AEP, Phantom Stock Units, Insider Trading, Director Compensation, SEC Form 4, Beneficial Ownership, Equity Acquisition