American Electric Power (AEP) director granted 324 phantom stock-linked units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FOWKE BENJAMIN G S III reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN ELECTRIC POWER CO INC director Benjamin G. S. Fowke III received a grant of phantom stock units linked to AEP common stock as part of his director compensation. On this date, 324 underlying common shares were credited based on an AEP stock price of $131.08.
The filing notes that the director had previously deferred his quarterly cash retainer into the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors and may transfer amounts in that fund into an alternative investment at any time. Stock units are paid in cash or shares after his board service ends or, if elected, within five years thereafter.
Following this grant, the director held 6,710 phantom stock units in total, along with direct holdings of 2,354 and 25,898 shares of AEP common stock reported as of the transaction date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
FOWKE BENJAMIN G S III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 0 | $131.08 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 6,710 shares (Direct);
Common Stock — 2,354 shares (Direct)
Footnotes (1)
- The reporting director previously deferred the receipt of his 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. 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. Was AEP Stock Price at the time of the transaction.
Key Figures
Phantom stock grant: 324 underlying shares
AEP stock price: $131.08 per share
Total phantom units: 6,710 units
+2 more
5 metrics
Phantom stock grant
324 underlying shares
Underlying common stock credited with new phantom stock units on transaction date
AEP stock price
$131.08 per share
AEP stock price at time of phantom stock unit transaction
Total phantom units
6,710 units
Phantom stock units held by director after the grant
Direct common shares (entry 1)
2,354 shares
Direct AEP common stock holding reported as of transaction date
Direct common shares (entry 2)
25,898 shares
Additional direct AEP common stock holding reported as of transaction date
Key Terms
Phantom Stock Units, AEP Stock Fund, AEP Stock Unit Accumulation Plan for Non-Employee Directors, Stock Units
4 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
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 Fund financial
"deferred the receipt of his quarterly cash retainer into the AEP Stock Fund"
AEP Stock Unit Accumulation Plan for Non-Employee Directors financial
"under the AEP Stock Unit Accumulation Plan for Non-Employee Directors"
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 insider transaction did AEP director Benjamin Fowke report on this Form 4 for AEP?
AEP director Benjamin G. S. Fowke III reported receiving a grant of phantom stock units tied to AEP common stock. The award credited 324 underlying common shares, based on an AEP stock price of $131.08 on the transaction date under the company’s non-employee director plan.
How many phantom stock units does the AEP director hold after this Form 4 transaction?
After this transaction, the AEP director held a total of 6,710 phantom stock units. These units are linked to AEP common stock and are part of compensation under the AEP Stock Unit Accumulation Plan for Non-Employee Directors, payable in cash or shares at a later date.
How are the AEP phantom stock units for director compensation valued in this Form 4?
The phantom stock units were valued using an AEP stock price of $131.08 at the time of the transaction. That price determined how many stock units corresponded to the director’s deferred quarterly cash retainer when credited into the AEP Stock Fund under the director compensation plan.
When will AEP director Benjamin Fowke receive payment for his phantom stock units?
The filing states that stock units are paid to the director in cash or shares upon termination of service. He may alternatively elect to defer payment, but any deferral must still begin no later than five years after his board service ends.
What flexibility does the AEP director have with amounts in the AEP Stock Fund?
The director previously deferred his quarterly cash retainer into the AEP Stock Fund and may transfer these amounts into an alternative investment at any time. This provides flexibility to move from AEP stock-linked units to other investment options within the plan framework described.
What direct AEP common stock holdings are reported for the director in this Form 4?
The Form 4 reports direct ownership entries of 2,354 shares and 25,898 shares of AEP common stock for the director. These positions are listed as holdings as of the transaction date, separate from his 6,710 phantom stock units under the non-employee director plan.
Americn Electric