Form 4: Director Linda Goodspeed Reports Acquisition of Phantom Stock Units in American Electric Power Co Inc

Director Linda Goodspeed reports the acquisition of phantom stock units in American Electric Power Co Inc (AEP) through the AEP Stock Plan.

Summary

• On March 31, 2024, Linda Goodspeed, a director of American Electric Power Co Inc (AEP), acquired 493.61 phantom stock units through the AEP Stock Plan.
• These phantom stock units represent the right to receive the cash value of one share of AEP common stock.
• The price of AEP stock at the time of the transaction was $86.1.
• Following the reported transaction, Ms. Goodspeed beneficially owns 31,302.79 shares of phantom stock.
• The shares of phantom stock are payable in cash following termination of the reporting person's 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 document is a neutral regulatory filing. The acquisition of phantom stock units can be seen as a slightly positive sign, indicating confidence by the director, but it's a routine transaction.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.
• The AEP Stock Plan provides a mechanism for directors to align their interests with those of shareholders.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common practice for publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates