Form 4 filing for American Electric Power Company, Inc. (AEP) details routine equity-based compensation for outside director Sara Martinez Tucker. On 30 June 2025, the director acquired 409.59 phantom stock units at a reference price of $103.76 per unit under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. These units are cash-settled and therefore do not represent the purchase of AEP common shares. Following the transaction, Tucker’s total holdings in the plan amount to 30,264.66 phantom units. Units are payable in cash after board service ends, and may be reallocated to other investment options at any time.
American Electric Power Co. (AEP) – Form 4 insider filing
Director Sandra Beach Lin reported the acquisition of 409.59 phantom stock units on 06/30/2025 under the company’s Stock Unit Accumulation Plan for Non-Employee Directors. Each phantom unit mirrors the value of one share of AEP common stock and is cash-settled after the director leaves the Board.
The reference price disclosed for the units was $103.76 per phantom share, implying an incremental position worth roughly $42,000. After the transaction, Lin’s direct holdings in the plan total 17,834.81 phantom units. No transactions involving actual AEP common shares were reported, and the filing does not indicate any sales or option exercises.
The transaction appears to be routine board compensation rather than an open-market purchase, and it modestly increases the director’s economic exposure to AEP’s share price.