American Electric Power Company, Inc. (AEP) – Form 4 filing dated 07/02/2025
Director Hunter C. Gary reported the acquisition of 409.59 phantom stock units on 06/30/2025 at a reference price of $103.76 per AEP share. Phantom stock units are deferred compensation instruments that track the value of AEP common stock and are generally settled in cash or shares when board service ends, unless the director elects a later payout (no later than five years after termination).
Following the transaction, Mr. Gary directly holds 2,543.5 phantom stock units. No open-market purchase or sale of common shares occurred, and no non-derivative holdings were reported.
The filing reflects routine board compensation rather than a discretionary insider buy or sell. As such, the disclosure is informational and neutral for investors, indicating continued alignment of the director’s interests with shareholder value but no material change to AEP’s fundamentals.