AEP Director Art A. Garcia Acquires Phantom Stock Units
AMERICAN ELECTRIC POWER CO INC
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Filing Summary
📊 Insider Filing Alert: AMERICAN ELECTRIC POWER CO INC ($AEP) Insider: Garcia Art A (Director) Type: Grant / Acquisition (Phantom Stock Units) Shares Transacted: 379 units Price per Share: $118.64 Total Value: $44,964.56 Post-Transaction Ownership: 3,256 units Significance: Low (Routine Director Compensation Plan)
Comprehensive Analysis
Executive Summary
On October 2, 2026, American Electric Power Company, Inc. ($AEP) filed a Form 4 on behalf of Director Art A. Garcia. The filing discloses the acquisition of 379 phantom stock units on September 30, 2026, under the AEP Stock Unit Accumulation Plan for Non-Employee Directors at a reference market price of $118.64 per share, totaling approximately $44,964.56.
Transaction Details
- Insider: Art A. Garcia, Director
- Security: Phantom Stock Units (convertible into common stock cash value on a 1:1 basis)
- Transaction Code: 'A' (Grant, award, or other acquisition under Rule 16b-3)
- Units Acquired: 379
- Reference Price: $118.64 per share
- Total Transaction Value: $44,964.56
- Ending Balance: 3,256 phantom stock units held directly
Market and Governance Impact
This filing reflects regular quarterly equity-based retainer compensation under the issuer's director compensation program rather than an open-market discretionary trade. As a result, its predictive value for share price direction is considered Low.
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