AEP Director David S. Marriott Receives Quarterly Phantom Stock Grant
AMERICAN ELECTRIC POWER CO INC
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Filing Summary
📊 Form 4 Filing: American Electric Power Co Inc ($AEP) Insider: David S. Marriott (Director) Transaction: Grant/Award of 379 Phantom Stock Units at $118.64 ($44,964.56) Post-Transaction Holdings: 379 Phantom Stock Units Significance: Low (Routine Director Compensation)
Comprehensive Analysis
Overview
On October 2, 2026, American Electric Power Co Inc ($AEP) filed a Form 4 detailing an equity award for Director David S. Marriott. The transaction occurred on September 30, 2026.
Transaction Details
- Security: Phantom Stock Units
- Transaction Code: A (Grant, award, or other acquisition)
- Shares/Units: 379 units
- Price per Unit: $118.64 (AEP common stock market price at transaction date)
- Total Value: $44,964.56
- Ending Balance: 379 Phantom Stock Units held directly
Terms and Vesting
Per Footnote (1), phantom stock units are payable to the director in cash or shares upon termination of board service, unless the director has elected to defer payment for up to five years post-termination.
Analysis & Significance
This transaction represents routine quarterly director compensation/retainer equity crediting. Given the standard nature and modest dollar value (~$45k), this filing carries Low trading significance and does not reflect discretionary open-market buying or selling.
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Important Disclaimer
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