AEP director granted phantom stock units
AMERICAN ELECTRIC POWER CO INC director Sara Martinez Tucker received a grant of phantom stock units tied to AEP common stock.
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Rhea-AI Filing Summary
AMERICAN ELECTRIC POWER CO INC director Sara Martinez Tucker received a grant of phantom stock units tied to AEP common stock. On this grant date, she acquired phantom stock units representing 324 shares of underlying common stock at a reference AEP stock price of $131.08 per share.
After this award, she held 32,037 phantom stock units in the AEP Stock Plan and 1,815 shares of AEP common stock directly. Each phantom stock unit represents the right to receive the cash value of one AEP share and is payable in cash or shares after her service on the Board ends, with flexibility to transfer units into an alternative investment account.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 0 | $131.08 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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 Sara Martinez Tucker acquire in this Form 4 filing for AEP?
How many phantom stock units does Sara Martinez Tucker hold after this AEP Form 4?
What is a phantom stock unit in the context of AEP’s director compensation?
When are AEP phantom stock units payable to Sara Martinez Tucker?
What price was used for Sara Martinez Tucker’s phantom stock unit grant at AEP?
AI-generated analysis. How Rhea-AI works. Not financial advice.