Form 4: American Electric Power Director Art Garcia Acquires Phantom Stock Units

Art A. Garcia, a Director at American Electric Power Co Inc, acquired 409.59 phantom stock units valued at $103.76 per unit on June 30, 2025, increasing his total beneficial ownership to 1,412.33 units.

Summary

• Art A. Garcia, a Director of American Electric Power Co Inc (AEP), acquired 409.59 phantom stock units on June 30, 2025.
• Each phantom stock unit represents the right to receive the cash value of one share of AEP common stock.
• The AEP stock price at the time of the transaction was $103.76 per share.
• Following this transaction, Mr. Garcia beneficially owns a total of 1,412.33 phantom stock units.
• These units are part of the AEP Stock Unit Accumulation Plan for Non-Employee Directors and are payable in cash or shares upon termination of service on the Board.
• The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by a director indicates continued alignment of interests with shareholders, though it's a routine compensation event and not indicative of significant operational or financial news.

Positives

• The acquisition of phantom stock units by Director Art A. Garcia aligns his financial interests with those of shareholders, as the value of these units is tied to AEP's common stock performance.
• The transaction is part of a structured compensation plan for non-employee directors, indicating a standard practice for executive incentives.

Future Outlook

N/A

Industry Context

N/A

Related Party Transactions

• Acquisition of 409.59 phantom stock units by Director Art A. Garcia under the AEP Stock Unit Accumulation Plan for Non-Employee Directors, a form of compensation from the issuer.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with shareholder value, as the phantom stock units' value is directly linked to the company's stock price.

Key Dates

Keywords

AEP, American Electric Power, Form 4, Insider Transaction, Director Compensation, Phantom Stock Units, Equity Compensation