Americn Electric SEC Filings

JPMorgan Chase & Co. is offering $6.3 million of unsecured, unsubordinated Callable Fixed-Rate Notes due 22 June 2035. The notes pay a fixed 5.60% annual coupon, calculated on a 30/360 basis and paid in arrears every 23 June from 2026 through 2034 and at maturity, subject to earlier redemption.

Issuer call option: Beginning 23 June 2027 and every 23 June/23 December thereafter until 23 December 2034, the issuer may redeem the notes in whole at par plus accrued interest, with at least five business days’ notice to DTC. If called, investors face reinvestment risk and lose future coupons.

Structure & settlement: Minimum denomination is $1,000. Issue price is 100% of par; investors pay $1,000 and receive net proceeds of $997 after a $3.00 selling concession. Original Issue Date is 23 June 2025; Business Day Convention is Following; Interest Accrual Convention is Unadjusted; CUSIP 48130CU37.

Risk highlights:

• Credit risk – payments depend on JPMorgan’s ability to meet obligations; the notes constitute TLAC-eligible debt and may absorb losses in a resolution.
• Call risk – early redemption reduces total yield if rates decline or do not rise materially.
• Duration risk – 10-year tenor makes market value sensitive to rate changes.
• Liquidity risk – no exchange listing; secondary market, if any, is expected to be limited and dealer-driven.

Proceeds will be used for general corporate purposes. The SEC has neither approved nor disapproved the offering.

Form 4 filing for American Electric Power Company, Inc. (AEP) details routine equity-based compensation for outside director Sara Martinez Tucker. On 30 June 2025, the director acquired 409.59 phantom stock units at a reference price of $103.76 per unit under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. These units are cash-settled and therefore do not represent the purchase of AEP common shares. Following the transaction, Tucker’s total holdings in the plan amount to 30,264.66 phantom units. Units are payable in cash after board service ends, and may be reallocated to other investment options at any time.

On 06/30/2025, American Electric Power Co. (AEP) director Margaret M. McCarthy filed a Form 4 reporting the acquisition of 409.59 phantom stock units at an indicative price of $103.76 each under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Phantom stock units mirror AEP share value and are delivered in cash or shares after board service ends, so no cash was exchanged at the time of grant. Following the award, McCarthy's direct holding in the plan totals 2,196.4 phantom units. No open-market purchase, sale, or change in non-derivative share ownership was reported, indicating a routine director compensation transaction with limited market significance.

American Electric Power Co. (AEP) – Form 4 insider filing

Director Sandra Beach Lin reported the acquisition of 409.59 phantom stock units on 06/30/2025 under the company’s Stock Unit Accumulation Plan for Non-Employee Directors. Each phantom unit mirrors the value of one share of AEP common stock and is cash-settled after the director leaves the Board.

The reference price disclosed for the units was $103.76 per phantom share, implying an incremental position worth roughly $42,000. After the transaction, Lin’s direct holdings in the plan total 17,834.81 phantom units. No transactions involving actual AEP common shares were reported, and the filing does not indicate any sales or option exercises.

The transaction appears to be routine board compensation rather than an open-market purchase, and it modestly increases the director’s economic exposure to AEP’s share price.

Form 4 filing overview: On 06/30/2025 American Electric Power Co. (AEP) director Lewis Von Thaer acquired 409.59 phantom stock units credited at a reference price of $103.76 per unit. Following the transaction, the director holds 6,709.07 phantom stock units in total.

Phantom stock units are a derivative form of compensation that track the value of AEP common shares and settle in cash or shares when board service ends, unless the director elects a deferral of up to five years. No open-market purchase or sale of common shares occurred; the filing reflects routine board compensation and does not change the public float or share count.

Gladstone Investment Corporation (NASDAQ: GAIN) – 2025 Definitive Proxy Statement highlights

• Annual Meeting: Thursday, August 7, 2025 at 11:00 a.m. ET via webcast (www.virtualshareholdermeeting.com/GAIN2025). Record date: June 11, 2025 (36,921,165 shares outstanding).

• Proposals up for vote:

• Proposal 1: Elect two directors—David Gladstone (Chairman & CEO, interested) and John H. Outland (independent)—for terms expiring at the 2028 meeting.
• Proposal 2: Ratify PricewaterhouseCoopers LLP (PwC) as independent registered public accounting firm for fiscal year ending March 31, 2026.

• Board composition: Seven members; five independent (71%). Lead Independent Director: Walter H. Wilkinson. Board is staggered into three classes; independence evaluated under Nasdaq and 1940 Act rules.

• Diversity snapshot (June 30 2025): 3 female / 3 male / 1 undisclosed; 3 military veterans; racial/ethnic mix includes Hispanic/Latinx and multiracial representation.

• Governance structure: Combined Chair/CEO role held by founder David Gladstone; Lead Independent Director mitigates oversight concerns. Key committees—Audit, Compensation, Ethics/Nominating, Valuation—are fully independent. Audit Committee members qualify as “audit committee financial experts.”

• Audit firm & fees: PwC has served since 2006. FY 2025 audit-related fees total $674k (up 8.5% YoY), with $113k categorized as audit-related (ATM program & debt offering).

• External management economics: Adviser earns 2% base fee on average gross assets plus incentive fees (20% over 8.75% annualized hurdle). FY 2025 payments: $23.7 million to Adviser; $1.9 million to Administrator.

• Director compensation (FY 2025): Independent directors received $25k base retainer plus meeting/committee fees; top earner was John H. Outland at $52k from the Company ($245k across Gladstone fund complex).

• Share ownership: Insiders/directors own 2.40% of common stock; David Gladstone holds the largest stake (667,630 shares, 1.81%). No outside holder exceeds 5%.

• Voting mechanics: Directors elected by plurality; PwC ratification requires majority of shares present. Broker non-votes count toward quorum, not outcome (non-routine for Proposal 1, routine for Proposal 2).

Form 4 filed for NeuroOne Medical Technologies Corp. (NMTC) discloses a minor insider transaction by Chief Technology Officer Steve Mertens on 30 June 2025.

• Transaction type: Code F, which reflects shares withheld to satisfy tax obligations.
• Shares affected: 906 common shares at an indicated price of $0.678 per share.
• Post-transaction holding: Mertens directly owns 162,235 NMTC common shares.
• Derivative securities: None reported.

The filing represents routine tax-related share withholding and does not indicate open-market buying or selling. The magnitude—<1% of the executive’s reported holdings—is too small to materially affect ownership structure or signal a strategic shift.

American Electric Power Company, Inc. (AEP) – Form 4 filing dated 07/02/2025

Director Hunter C. Gary reported the acquisition of 409.59 phantom stock units on 06/30/2025 at a reference price of $103.76 per AEP share. Phantom stock units are deferred compensation instruments that track the value of AEP common stock and are generally settled in cash or shares when board service ends, unless the director elects a later payout (no later than five years after termination).

Following the transaction, Mr. Gary directly holds 2,543.5 phantom stock units. No open-market purchase or sale of common shares occurred, and no non-derivative holdings were reported.

The filing reflects routine board compensation rather than a discretionary insider buy or sell. As such, the disclosure is informational and neutral for investors, indicating continued alignment of the director’s interests with shareholder value but no material change to AEP’s fundamentals.