Form 4: Director McCarthy Reports Phantom Stock Unit Acquisition in AEP Stock Plan

Margaret M McCarthy, a director of American Electric Power Co Inc, reports acquiring phantom stock units under the AEP Stock Plan.

Summary

• On March 31, 2025, Margaret M McCarthy, a director of American Electric Power Co Inc (AEP), reported a transaction involving phantom stock units.
• The transaction involved the acquisition of phantom stock units under the AEP Stock Unit Accumulation Plan for Non-Employee Directors.
• The price at the time of the transaction was $109.27.
• Following the reported transaction, McCarthy beneficially owns 1,769.07 phantom stock units.
• Each phantom stock unit represents the right to receive the cash value of one share of AEP common stock.
• These shares 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: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of company directors. It is standard practice for directors to receive stock-based compensation, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates

Keywords

AEP, American Electric Power, Director, Insider Trading, Form 4, Phantom Stock Units, Stock Plan, Margaret M McCarthy