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

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

Summary

• On September 30, 2024, Director Margaret M. McCarthy acquired 414.23 phantom stock units in American Electric Power Co Inc (AEP) 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 $102.6.
• Following the transaction, McCarthy directly owns 901.68 phantom stock units.
• The phantom stock units are payable in cash or shares 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: 5

Explanation: The document is a standard regulatory filing and does not convey any particular sentiment. It simply reports a transaction.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The AEP Stock Plan provides a mechanism for non-employee directors to accumulate wealth based on the performance of AEP common stock.

Future Outlook

The phantom stock units are payable in cash or shares following termination of the reporting person's service on the Board.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

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