Director Lewis Von Thaer Receives Phantom Stock Units in American Electric Power
AMERICAN ELECTRIC POWER CO INC
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Filing Summary
š Form 4 Filing Summary for American Electric Power Co Inc (AEP) ā¢ Insider: Lewis Von Thaer (Director) ā¢ Transaction Date: September 30, 2026 ā¢ Type: Grant / Award (Phantom Stock Units) ā¢ Shares / Units: 379 phantom stock units (Underlying: Common Stock) ā¢ Price: $118.64 (~$44,964.56 total) ā¢ Post-Transaction Holdings: 8,763 units ā¢ Significance: Low (Routine quarterly director compensation/deferral)
Comprehensive Analysis
Executive Summary
On October 2, 2026, American Electric Power Co Inc ($AEP) filed a Form 4 reporting that Director Lewis Von Thaer acquired 379 phantom stock units on September 30, 2026. The units were granted at an equivalent stock price of $118.64, representing an aggregate value of approximately $44,964.56.
Key Transaction Details
- Security: Phantom Stock Units (convertible/payable into Common Stock or cash upon termination of service)
- Transaction Code:
A(Grant or award) - Units Acquired: 379 units
- Benchmark Price: $118.64 per unit
- Total Consideration: $44,964.56
- Post-Transaction Beneficial Ownership: 8,763 phantom stock units (Direct)
Context and Market Significance
This acquisition represents standard non-employee director compensation credited at the end of the third quarter of 2026. Because this transaction reflects an equity award under the company's director compensation and deferral plan rather than an open-market purchase or sale, it carries Low predictive significance regarding future share price performance.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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