AEP director receives phantom stock award
Roberts Daryl reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Roberts Daryl reported acquisition or exercise transactions in this Form 4 filing.
American Electric Power director Daryl Roberts received a grant of phantom stock units linked to the company’s common stock. The award represents the right to receive the cash value of 310 shares of AEP common stock.
Following this grant, Roberts holds 761 phantom stock units in total. These units are payable in cash or shares after his board service ends, and each unit’s value tracks AEP’s stock price, which was $136.81 at the time of the grant.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 0 | $136.81 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- 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
AEP Stock Plan account financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AEP director Daryl Roberts report on this Form 4?
How many phantom stock units does AEP director Daryl Roberts hold after this award?
What does each AEP phantom stock unit represent for director compensation?
When are AEP phantom stock units for directors like Daryl Roberts payable?
What was AEP’s stock price used to value Daryl Roberts’s phantom stock grant?
Can AEP director Daryl Roberts move his phantom stock into other investments?
AI-generated analysis. How Rhea-AI works. Not financial advice.