Form 4: American Electric Power Director Henry P. Linginfelter Reports Changes in Beneficial Ownership

Director Henry P. Linginfelter reports acquisition of phantom stock units and direct ownership of common stock in American Electric Power.

Summary

• Henry P. Linginfelter, a director of American Electric Power (AEP), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 484.38 phantom stock units on June 30, 2024.
• Linginfelter also directly owns 813.45 shares of AEP common stock.
• The AEP stock price at the time of the transaction was $87.74.
• The phantom stock units will be paid in cash or shares upon termination of service, with potential deferral options.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.

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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings and transactions.

Key Dates