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AEP Director Joseph Sauvage Receives Quarterly Phantom Stock Grant
AMERICAN ELECTRIC POWER CO INC
$AEP4CIK: 0000004904
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Filing Summary
=== INSIDER TRANSACTION REPORT ===
Company: AMERICAN ELECTRIC POWER CO INC (AEP)
Insider: Joseph G. Sauvage
Role: Director
Transaction: Grant / Award (Phantom Stock Units)
Date: 2026-09-30
Underlying: 379 shares @ $118.64
Total Value: $44,964.56
Resulting: 2,213 units held
Significance: Low (Routine Director Retainer)
Comprehensive Analysis
Transaction Overview
On October 2, 2026, American Electric Power Co., Inc. (NASDAQ: AEP) filed a Form 4 for Director Joseph G. Sauvage. The filing discloses a quarterly grant of phantom stock units under the company's director compensation program on September 30, 2026.
Key Details
- Security: Phantom Stock Units (convertible to common stock or cash upon departure)
- Underlying Shares: 379 shares of common stock
- Reference Stock Price: $118.64 per share
- Total Dollar Equivalent: ~$44,964.56
- Transaction Code:
A(Award / Grant) - Post-Transaction Holdings: 2,213 Phantom Stock Units
Market Sentiment & Significance
- Trading Significance: Low.
- This transaction represents routine quarterly non-employee director compensation credited at the conclusion of Q3 2026 rather than an open-market purchase or discretionary sale. As such, it carries minimal directional signaling value for outside investors.
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