AEP (AEP) EVP Kelly Ferneau receives new restricted stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN ELECTRIC POWER CO INC Executive Vice President Kelly J. Ferneau reported equity awards of restricted stock units. On February 16 and 17, 2026, Ferneau acquired 2,693 and 2,495 restricted stock units, respectively, as grants, rather than open-market purchases. 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 these awards, Ferneau directly holds 14,855 and 17,350 restricted stock units after the respective transactions, reflecting growing equity-based compensation tied to future service and performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ferneau Kelly J
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Resticted Stock Units | 2,495 | $130.20 | $325K |
| Grant/Award | Resticted Stock Units | 2,693 | $129.94 | $350K |
Holdings After Transaction:
Resticted Stock Units — 17,350 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did AEP Executive Vice President Kelly J. Ferneau report on Form 4?
Kelly J. Ferneau reported receiving grants of restricted stock units in AMERICAN ELECTRIC POWER CO INC, not open-market share purchases. These awards increase Ferneau’s equity-based compensation and align interests with shareholders through future delivery of AEP common stock upon vesting over multiple years.
How many restricted stock units did AEP executive Kelly J. Ferneau acquire?
Kelly J. Ferneau acquired 2,693 restricted stock units on February 16, 2026 and 2,495 restricted stock units on February 17, 2026. These are equity awards, not cash purchases, and represent future rights to receive AEP common stock upon vesting according to the company’s vesting schedule.
At what prices were Kelly J. Ferneau’s AEP restricted stock unit grants valued?
The February 16, 2026 grant of 2,693 restricted stock units was valued at $129.94 per unit, and the February 17, 2026 grant of 2,495 units was valued at $130.20 per unit. These values typically reflect AEP’s share price used to calculate the size of the equity awards.
When do Kelly J. Ferneau’s AEP restricted stock units vest?
Kelly J. Ferneau’s restricted stock units vest in three equal installments on February 21, 2027, February 21, 2028, and February 21, 2029. Upon each vesting date, Ferneau becomes entitled to receive AEP common stock corresponding to the vested units, subject to applicable plan terms and conditions.
How many AEP restricted stock units does Kelly J. Ferneau hold after these grants?
After the February 16, 2026 grant, Kelly J. Ferneau held 14,855 restricted stock units directly. After the February 17, 2026 grant, total direct holdings increased to 17,350 restricted stock units. These balances reflect accumulated equity awards that convert into AEP common stock as vesting milestones are reached.
Do Kelly J. Ferneau’s restricted stock unit transactions in AEP represent insider buying or compensation awards?
The reported transactions represent compensation awards, not open-market insider buying. Both transactions are coded as “A” for grant, award, or other acquisition. Each restricted stock unit gives Kelly J. Ferneau a right to receive AEP common stock upon future vesting dates, per the company’s long-term incentive plan.