Director at American Electric Power (AEP) reports new phantom stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tucker Sara Martinez reported acquisition or exercise transactions in this Form 4 filing.
American Electric Power director Sara Martinez Tucker reported routine compensation-related equity activity. She received a grant of phantom stock units under the AEP Stock Unit Accumulation Plan for Non-Employee Directors, tied in value to AEP common stock. These phantom units represent the right to receive the cash value of AEP shares after she leaves the Board, and may be shifted into alternative investments within the plan. Following these updates, her holdings include 1,815 shares of common stock and a deferred phantom stock account linked to AEP’s share price.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tucker Sara Martinez
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 0 | $136.81 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 32,579 shares (Direct, null);
Common Stock — 1,815 shares (Direct, null)
Footnotes (1)
- Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock. Shares of phantom stock are payable in cash or shares following termination of the reporting person's service on the Board. The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time. Was AEP Stock Price at the time of the transaction.
Key Figures
Common shares held: 1,815 shares
Phantom stock units held: 32,579 units
Underlying common stock: 310 shares
+1 more
4 metrics
Common shares held
1,815 shares
Total AEP common stock directly owned after transactions
Phantom stock units held
32,579 units
Total phantom stock units after grant under directors’ plan
Underlying common stock
310 shares
Common stock referenced by the phantom stock derivative position
AEP stock price at grant
$136.81 per share
AEP stock price at time of phantom stock transaction
Key Terms
Phantom Stock Units, AEP Stock Unit Accumulation Plan for Non-Employee Directors, alternative investment account, cash value of one share
4 terms
Phantom Stock Units financial
"Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. Each share of phantom stock represents the right to receive the cash value of one share of AEP common stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
AEP Stock Unit Accumulation Plan for Non-Employee Directors financial
"Amounts shown represent value in AEP Stock Plan under the AEP Stock Unit Accumulation Plan for Non-Employee Directors."
alternative investment account financial
"The reporting person may transfer the phantom stock in the AEP Stock Plan account into an alternative investment account at any time."
FAQ
What did AEP director Sara Martinez Tucker report in this Form 4 for AEP?
She reported a grant of phantom stock units as director compensation and updated holdings. These units track AEP’s share price and are payable in cash or shares after her Board service ends.
What are phantom stock units in the AEP Stock Unit Accumulation Plan for Non-Employee Directors?
Phantom stock units represent the value of AEP common stock rather than actual shares. Each unit entitles the director to receive the cash value of one AEP share, generally after Board service ends, under the non-employee directors’ plan.
When are AEP phantom stock units payable to Sara Martinez Tucker?
Phantom stock units are payable in cash or shares following her termination of service on AEP’s Board. This structure defers compensation and links its value to AEP’s common stock performance over time.
Can AEP phantom stock in the director’s account be moved to other investments?
Yes. The filing states the reporting person may transfer phantom stock in the AEP Stock Plan account into an alternative investment account at any time, providing flexibility in how deferred compensation is allocated.
How many phantom stock units does Sara Martinez Tucker hold after this AEP Form 4?
After this transaction, she holds 32,579 phantom stock units linked to AEP common stock. These units track the company’s share price and are part of her deferred director compensation package.