AEP (AEP) director defers $37,500 fee into phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stoddard Daniel G. reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN ELECTRIC POWER CO INC director Daniel G. Stoddard reported compensation-related equity activity rather than open-market trading. On the reported date, he deferred his $37,500 quarterly cash retainer into the AEP Stock Fund under the stock unit plan for non-employee directors.
This deferral resulted in a grant of phantom stock units tied to AEP common stock, with 324 underlying shares at an AEP stock price of $131.08. Following the transactions, he held 4,840 phantom stock units and 1,619 shares of common stock directly. The stock units will be settled in cash or shares upon or after his board service ending, based on his prior elections.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stoddard Daniel G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 0 | $131.08 | -- |
| Grant/Award | Common Stock | 0 | $131.08 | -- |
Holdings After Transaction:
Phantom Stock Units — 4,840 shares (Direct);
Common Stock — 1,619 shares (Direct)
Footnotes (1)
- The reporting director deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors. The reporting director may transfer amounts in the AEP Stock Fund into an alternative investment at any time. Was AEP Stock Price at the time of the transaction. Stock Units are paid to the director in cash or shares upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter.
Key Figures
Deferred cash retainer: $37,500
AEP stock price: $131.08
Underlying shares: 324 shares
+2 more
5 metrics
Deferred cash retainer
$37,500
Quarterly director cash retainer deferred into AEP Stock Fund
AEP stock price
$131.08
Price per share used to convert retainer into stock units
Underlying shares
324 shares
Underlying AEP common stock tied to new phantom stock units
Phantom stock units after
4,840 units
Total phantom stock units held following the transaction
Common stock after
1,619 shares
Total AEP common shares held directly after transaction
Key Terms
Phantom Stock Units, AEP Stock Unit Accumulation Plan for Non-Employee Directors, AEP Stock Fund, Stock Units
4 terms
Phantom Stock Units financial
"The transaction involved Phantom Stock Units tied to AEP common stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
AEP Stock Unit Accumulation Plan for Non-Employee Directors financial
"Deferred the cash retainer under the AEP Stock Unit Accumulation Plan for Non-Employee Directors."
AEP Stock Fund financial
"Deferred the receipt of his $37,500 quarterly cash retainer into the AEP Stock Fund."
Stock Units financial
"Stock Units are paid to the director in cash or shares upon termination of service."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
FAQ
What did AEP (AEP) director Daniel G. Stoddard report in this Form 4?
He reported a compensation-related acquisition of phantom stock units, not an open-market trade. The filing shows his quarterly cash retainer was deferred into the AEP Stock Fund, increasing his phantom stock unit and common stock-linked position under the director stock unit plan.
How much compensation did Daniel G. Stoddard defer into AEP stock units?
He deferred a $37,500 quarterly cash retainer into the AEP Stock Fund. This amount was converted into phantom stock units under the AEP Stock Unit Accumulation Plan for Non-Employee Directors, linking his compensation value to the performance of AEP common stock over time.
What are Daniel G. Stoddard’s AEP holdings after these transactions?
After the reported transactions, he directly held 4,840 phantom stock units and 1,619 shares of AEP common stock. These positions reflect his accumulated deferred director compensation and share ownership as disclosed in this Form 4 filing.
At what price were Daniel G. Stoddard’s AEP stock units valued in this Form 4?
The phantom stock units and related common stock figures reference an AEP stock price of $131.08 at the time of the transaction. This price was used to convert his deferred $37,500 cash retainer into stock units within the AEP Stock Fund.
When will Daniel G. Stoddard receive payment for his AEP phantom stock units?
The stock units are paid in cash or shares upon termination of his board service, unless he elected a later deferral. Any such deferral must start payments no later than five years after his service ends, according to the plan terms described.
Americn Electric