AEP director granted phantom stock units
GARCIA ART A reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
GARCIA ART A reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN ELECTRIC POWER CO INC director Art A. Garcia received a grant of phantom stock units as board compensation. The award represents 310 underlying shares of common stock at a reference price of $136.81 per share, increasing his total phantom stock units in the plan to 2,852.
Each phantom stock unit tracks the value of one share of AEP common stock and is payable in cash or shares after Garcia’s board service ends. He may transfer these phantom units into an alternative investment account at any time, making this a non‑market, compensation-related transaction rather than an open‑market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 0 | $136.81 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. Was AEP Stock Price at the time of the transaction.
Key Figures
Key Terms
Phantom Stock Units financial
AEP Stock Unit Accumulation Plan for Non-Employee Directors financial
alternative investment account financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AEP director Art A. Garcia report in this Form 4 for AEP?
Are the AEP phantom stock units in this Form 4 an open-market purchase or sale?
What does the $136.81 figure mean in Art A. Garcia’s AEP Form 4 filing?
When will Art A. Garcia receive value from these AEP phantom stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.