Form 4: Sara Martinez Tucker Reports Changes in Beneficial Ownership of American Electric Power Co Inc (AEP)

Director Sara Martinez Tucker reports acquisition of phantom stock units and disposal of common stock in American Electric Power Co Inc.

Summary

• Sara Martinez Tucker, a director of American Electric Power Co Inc (AEP), filed a Form 4 detailing changes in her beneficial ownership.
• On December 31, 2024, Tucker acquired 460.8 phantom stock units under the AEP Stock Unit Accumulation Plan for Non-Employee Directors.
• These phantom stock units represent the right to receive the cash value of one share of AEP common stock each and are payable in cash following termination of her service on the Board.
• Tucker also disposed of 460.8 shares of common stock at a price of $92.23 per share.
• Following these transactions, Tucker beneficially owns 29,002 shares of AEP common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of phantom stock units aligns Tucker's interests with the long-term performance of AEP.
• The AEP Stock Unit Accumulation Plan for Non-Employee Directors provides a mechanism for directors to accumulate equity in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates