AEP Director Margaret McCarthy Acquires Phantom Stock Units
AMERICAN ELECTRIC POWER CO INC
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Filing Summary
Issuer: AMERICAN ELECTRIC POWER CO INC (AEP)
Insider: McCarthy Margaret M (Director)
Transaction Date: 2026-09-30
Type: Award/Grant (Phantom Stock Units)
Amount: 379 units @ $118.64 ($44,964.56)
Post-Transaction Holdings: 4,071 units
Significance: Low (Routine Director Compensation)
Comprehensive Analysis
Executive Summary
On October 2, 2026, American Electric Power Co., Inc. (NASDAQ: AEP) director Margaret M. McCarthy filed a Form 4 disclosing the acquisition of 379 phantom stock units on September 30, 2026. The transaction was priced at $118.64 per unit, representing a total value of approximately $44,965. Following this transaction, McCarthy directly holds 4,071 phantom stock units.
Transaction Details
- Security: Phantom Stock Units (convertible into cash or common stock on a 1-for-1 basis)
- Transaction Code: A (Grant, award, or other acquisition)
- Context: Acquired pursuant to the AEP Stock Unit Accumulation Plan for Non-Employee Directors.
- Settlement: Payable in cash or shares following termination of board service.
Market Significance
This transaction carries Low market significance. It represents standard quarterly director compensation deferred into phantom equity units rather than an open-market purchase or discretionary trading action.
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