American Electric Power (AEP) EVP awarded 3,839 phantom units vesting to 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Berntsen Robert reported acquisition or exercise transactions in this Form 4 filing.
American Electric Power Company Executive Vice President Robert Berntsen reported an equity award of 3,839 phantom stock units on February 17, 2026. Each unit represents a right to receive AEP common stock upon vesting.
The restricted stock units vest in three equal installments on February 21, 2027, February 21, 2028, and February 21, 2029. Following this grant, Berntsen holds a total of 21,796 such units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Berntsen Robert
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 3,839 | $130.24 | $500K |
Holdings After Transaction:
Phantom Stock Units — 21,796 shares (Direct)
Footnotes (1)
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FAQ
What did AEP Executive Vice President Robert Berntsen report on his latest Form 4 for AEP?
Robert Berntsen reported receiving an award of 3,839 phantom stock units tied to AEP common stock. These equity-based units were granted on February 17, 2026 and add to his existing holdings as part of long-term incentive compensation.
How many AEP phantom stock or restricted stock units does Robert Berntsen now hold?
After the reported grant, Robert Berntsen directly holds a total of 21,796 phantom or restricted stock units. These units represent future rights to receive AEP common shares, aligning his compensation more closely with long-term shareholder value.
What is the vesting schedule for Robert Berntsen’s 3,839 AEP restricted stock units?
The 3,839 restricted stock units vest in three equal installments on February 21, 2027, February 21, 2028, and February 21, 2029. Each vesting date delivers a portion of the units as AEP common stock, subject to continued service conditions.
What does each AEP restricted stock unit granted to Robert Berntsen represent?
Each restricted stock unit represents a right to receive one share of AEP common stock upon vesting. This structure ties executive compensation to the company’s share performance and encourages longer-term alignment with shareholders over the multi-year vesting period.
Was Robert Berntsen’s AEP Form 4 transaction a purchase or a grant of equity?
The Form 4 reports a grant or award acquisition of 3,839 phantom stock units, not an open-market stock purchase. It reflects equity compensation awarded by the company rather than a discretionary buy or sell of AEP shares on the market.