American Electric Power’s Alicia Knapp leaves company
Alicia Knapp’s severance benefits and prorated equity vesting are conditional on her entering an agreement that includes a one-year noncompetition covenant.
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Rhea-AI Filing Summary
American Electric Power Company, Inc. (AEP) says Alicia Knapp, President Nuclear Development, left the company on September 29, 2026. Her involuntary separation triggers benefits under the Executive Severance Plan if she enters a severance, release of all claims and noncompetition agreement.
The plan provides one times her current salary and target annual incentive compensation, plus prorated vesting of performance shares and restricted stock units. The agreement would include a one-year noncompetition covenant and reaffirm non-solicitation, confidentiality, non-disparagement and cooperation covenants.
Insights
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8-K Event Classification
Key Figures
Key Terms
Executive Severance Plan financial
target annual incentive compensation financial
prorated vesting financial
restricted stock units financial
noncompetition agreement regulatory
FAQ
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What severance benefits could Alicia Knapp receive from AEP?
What restrictions would Alicia Knapp agree to under AEP’s severance agreement?
AI-generated analysis. How Rhea-AI works. Not financial advice.